Solar Panel Cost Guide in Montpelier, OH (2025 Update)
- Montpelier Solar Installation Cost: $18,185
- 25-Year Savings: $17,197
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Montpelier
Find out how much it might cost to switch to solar power in Montpelier.
In Montpelier, solar panels cost about 3 per watt on average.Because a 7.6-kW system is needed to cover the energy consumption of a typical home in Montpelier, the average price of going solar will be about $18,185 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Montpelier depending on several factors, such as the type of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $15,000 over 20 years on utility bills.
You can click the button below to get connected with a vetted solar company in Montpelier that can help you get a more accurate cost estimate for your home.
Solar savings over time in Montpelier
| Year | Return on Investment |
|---|---|
| 1 years | $-16,888 |
| 3 years | $-14,293 |
| 5 years | $-11,699 |
| 7 years | $-9,104 |
| 9 years | $-6,510 |
| 11 years | $-3,915 |
| 13 years | $-1,320 |
| 15 years | $1,274 |
| 17 years | $3,869 |
| 19 years | $6,463 |
| 21 years | $9,058 |
| 23 years | $11,652 |
| 25 years | $14,247 |
Top Solar Installers in Montpelier
When making the switch to solar, many homeowners prefer to use a solar company since installing a solar system yourself can be a time-consuming project. Also, if you’d like to maximize your investment in solar energy, going with a solar company can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
See all of the solar companies in Montpelier
Factors that Affect Solar Panel Costs in Montpelier
For many Montpelier homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Montpelier, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The model of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Montpelier homeowners choose to finance their solar panel systems to offset upfront costs.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Montpelier is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different costs.Additionally, some companies in Montpelier have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.55 | $14,895 | $9,401 | 15.3 years |
| 8 kW | $3.48 | $19,478 | $12,917 | 15.0 years |
| 10 kW | $3.41 | $23,870 | $16,623 | 14.7 years |
| 12 kW | $3.34 | $28,071 | $20,521 | 14.4 years |
| 14 kW | $3.27 | $32,081 | $24,609 | 14.1 years |
| 16 kW | $3.21 | $35,900 | $28,889 | 13.9 years |
| 18 kW | $3.14 | $39,529 | $33,359 | 13.6 years |
| 20 kW | $3.07 | $42,966 | $38,021 | 13.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
EcoWatch's Montpelier, OH Solar Cost FAQs
What is the average cost of installing solar panels in Montpelier?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Montpelier?
A solar panel system isn’t free in Montpelier, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Montpelier?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.