Solar Panel Cost Guide in Moorefield, OH (2023 Update)
- Moorefield Solar Installation Cost: $13,350
- 25-Year Savings: $13,632
- Payback Period: 12.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Moorefield
We break down average solar pricing in Moorefield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Moorefield, the average cost of solar panels is 2.56 per watt. The average solar panel system size in Moorefield is around 7.5 kilowatts, meaning a cost of about $13,350 for a solar installation, or $19,090 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Moorefield homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $14,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar company in Moorefield for a quote for your home.
Solar savings over time in Moorefield
| Year | Return on Investment |
|---|---|
| 1 years | $-12,271 |
| 3 years | $-10,113 |
| 5 years | $-7,954 |
| 7 years | $-5,795 |
| 9 years | $-3,637 |
| 11 years | $-1,478 |
| 13 years | $680 |
| 15 years | $2,839 |
| 17 years | $4,998 |
| 19 years | $7,156 |
| 21 years | $9,315 |
| 23 years | $11,473 |
| 25 years | $13,632 |
Top Solar Installers in Moorefield
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Hiring an installer can make converting to solar power much easier. Plus, if you're unsure what brand of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Moorefield
Factors that Affect Solar Panel Costs in Moorefield
There are a number of criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. There are a lot of different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Moorefield have solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also increases your total costs, so it's crucial to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Moorefield is the company you choose to install your PV system. As with choosing a company to install new cabinets, for example, there's no shortage of solar installers that offer a range of services for different budgets. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and find a company that provides the products, warranties and services you want 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 | $10,552 | 12.9 years |
| 8 kW | $2.61 | $14,623 | $14,356 | 12.6 years |
| 10 kW | $2.56 | $17,920 | $18,304 | 12.4 years |
| 12 kW | $2.51 | $21,074 | $22,394 | 12.1 years |
| 14 kW | $2.46 | $24,084 | $26,629 | 11.9 years |
| 16 kW | $2.41 | $26,952 | $31,006 | 11.6 years |
| 18 kW | $2.36 | $29,676 | $35,527 | 11.4 years |
| 20 kW | $2.30 | $32,256 | $40,191 | 11.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before deciding.
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 Moorefield, OH Solar Cost FAQs
How much does it cost to install solar panels in Moorefield?
The average cost of solar panels in Moorefield 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 like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Moorefield?
Solar panels aren't free in Moorefield, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will solar panels impact my home value?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Moorefield?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.