Solar Panel Cost Guide in Montville, OH (2024 Update)
- Montville Solar Installation Cost: $18,134
- 25-Year Savings: $16,468
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Montville
Find out what the average cost of a solar system is in Montville.
The average cost of a solar system in Montville is 3 per watt.Since a 7.6-kW system is needed to cover the energy costs of a typical home in Montville, the average price of going solar will be about $18,134 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.But, once you've paid the upfront cost of installation, the payback for most homeowners is quite good, with a net average savings of about $15,000 over 20 years on power bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Montville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,914 |
| 3 years | $-14,473 |
| 5 years | $-12,033 |
| 7 years | $-9,592 |
| 9 years | $-7,152 |
| 11 years | $-4,711 |
| 13 years | $-2,271 |
| 15 years | $170 |
| 17 years | $2,610 |
| 19 years | $5,050 |
| 21 years | $7,491 |
| 23 years | $9,931 |
| 25 years | $12,372 |
Top Solar Installers in Montville
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Hiring an installer can make switching to solar power much easier. The expertise that solar companies provide can be invaluable as well, particularly if you don’t quite know what brand of solar equipment you need.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Montville
Factors that Affect Solar Panel Costs in Montville
For many Montville homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Montville, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Montville average.
Solar Financing Terms
Many homeowners find the average cost of solar in Montville to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.Though solar loans make adopting solar energy more accessible for Montville homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Montville, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Montville are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $8,863 | 15.7 years |
| 8 kW | $3.48 | $19,478 | $12,199 | 15.4 years |
| 10 kW | $3.41 | $23,870 | $15,727 | 15.1 years |
| 12 kW | $3.34 | $28,071 | $19,445 | 14.8 years |
| 14 kW | $3.27 | $32,081 | $23,354 | 14.5 years |
| 16 kW | $3.21 | $35,900 | $27,454 | 14.2 years |
| 18 kW | $3.14 | $39,529 | $31,745 | 13.9 years |
| 20 kW | $3.07 | $42,966 | $36,227 | 13.6 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project timeline.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Different companies will have different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Montville, OH Solar Cost FAQs
How much does it cost to install solar panels in Montville?
The average cost of solar panels in Montville is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Montville?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Does Montville have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
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 the average daily sunlight your roof gets. You can 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 account for 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.