Solar Panel Cost Guide in Montrose-Ghent, OH (2023 Update)
- Montrose-Ghent Solar Installation Cost: $14,001
- 25-Year Savings: $13,945
- Payback Period: 12.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Montrose-Ghent
Let's take a look at the average cost of solar in Montrose-Ghent.
The national average cost of solar panels is $2.66 per watt, but in Montrose-Ghent it's 2.56 per watt. 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.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit based on several factors, such as what size system you need, your energy usage and what company you go with. Even with the significant initial cost, the average Montrose-Ghent homeowner can save about $14,000 on their energy bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a highly rated solar installer in your area for a customized estimate.
Solar savings over time in Montrose-Ghent
| Year | Return on Investment |
|---|---|
| 1 years | $-12,781 |
| 3 years | $-10,340 |
| 5 years | $-7,900 |
| 7 years | $-5,459 |
| 9 years | $-3,019 |
| 11 years | $-578 |
| 13 years | $1,862 |
| 15 years | $4,302 |
| 17 years | $6,743 |
| 19 years | $9,183 |
| 21 years | $11,624 |
| 23 years | $14,064 |
| 25 years | $16,505 |
Top Solar Installers in Montrose-Ghent
Putting up solar panels yourself can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Plus, if you're unsure what kind of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
If you'd like to start using solar energy but still aren't certain which solar panel installer to go with, here are our recommendations for providers in Montrose-Ghent:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Montrose-Ghent
Factors that Affect Solar Panel Costs in Montrose-Ghent
The cost of installing a solar system in Montrose-Ghent can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,560. Some solar panel brands — like Maxeon from SunPower — are more expensive 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Montrose-Ghent offer solar loans, which reduce the initial cost of installing solar. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Montrose-Ghent is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for instance, you'll have many options for solar installers that offer a range of services at different costs. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that offers the products, warranties and services you're looking for and also fit into your budget.
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
There are many 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:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: Before you sign a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 things such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Montrose-Ghent?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.