Solar Panel Cost Guide in Montrose Ghent, OH (2023 Update)
- Montrose Ghent Solar Installation Cost: $13,996
- 25-Year Savings: $13,951
- Payback Period: 12.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Montrose Ghent
We break down average solar pricing in Montrose Ghent.
In Montrose Ghent, solar panels cost about 2.56 per watt on average. The average solar panel system size in Montrose Ghent is around 7.8 kilowatts, meaning a cost of about $13,996 for a solar installation, or $20,014 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you may vary based on the amount of energy your home requires and what company you go with. With average savings of about $14,000 on electricity bills over 20 years, many homeowners in Montrose Ghent find installing solar panels can pay off big.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Montrose Ghent
| Year | Return on Investment |
|---|---|
| 1 years | $-12,878 |
| 3 years | $-10,642 |
| 5 years | $-8,406 |
| 7 years | $-6,171 |
| 9 years | $-3,935 |
| 11 years | $-1,699 |
| 13 years | $537 |
| 15 years | $2,772 |
| 17 years | $5,008 |
| 19 years | $7,244 |
| 21 years | $9,479 |
| 23 years | $11,715 |
| 25 years | $13,951 |
Top Solar Installers in Montrose Ghent
Many homeowners decide to use a solar installation company since trying to install solar panels on your own can be hard. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Montrose Ghent
Factors that Affect Solar Panel Costs in Montrose Ghent
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Montrose Ghent: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Montrose Ghent, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can determine by looking at past power bills. Your total cost can increase by around $2,560 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Montrose Ghent, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Montrose Ghent homeowners decide to finance their solar panel systems to make paying for solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar system can impact your pricing. Montrose Ghent's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.66 | $11,182 | $10,279 | 13.0 years |
| 8 kW | $2.61 | $14,623 | $13,992 | 12.8 years |
| 10 kW | $2.56 | $17,920 | $17,848 | 12.5 years |
| 12 kW | $2.51 | $21,074 | $21,848 | 12.3 years |
| 14 kW | $2.46 | $24,084 | $25,991 | 12.0 years |
| 16 kW | $2.41 | $26,952 | $30,278 | 11.8 years |
| 18 kW | $2.36 | $29,676 | $34,708 | 11.5 years |
| 20 kW | $2.30 | $32,256 | $39,281 | 11.3 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Solar Panel Brands: The kind of solar panel you'd like to get plays a role in which company you should opt for, since different companies have different panels.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Montrose Ghent, OH Solar Cost FAQs
How much does it cost to install solar panels in Montrose Ghent?
The average cost of solar panels in Montrose Ghent is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $715.37 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.