Solar Panel Cost Guide in Mount Carmel, OH (Feb 2023)
- Mount Carmel Solar Installation Cost: $13,207
- 25-Year Savings: $10,981
- Payback Period: 13.6 Years
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Top Solar Installers in Mount Carmel
Although you can install solar panels on your own, it requires extra energy and handiness. That's one of the reasons most people choose to go with a solar panel installer. Companies can also have access to quality options of the best solar panels and help you decide which one will be best for you.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
See all of the solar companies in Mount Carmel
Factors that Affect Solar Panel Costs in Mount Carmel
For many Mount Carmel homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Mount Carmel, 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.
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Mount Carmel. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Mount Carmel, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
Most solar installers in Mount Carmel provide solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of financing options, including the amount of 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 more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can affect your pricing. Mount Carmel's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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||$8,518||14.2 years|
|8 kW||$2.61||$14,623||$11,644||13.9 years|
|10 kW||$2.56||$17,920||$14,914||13.6 years|
|12 kW||$2.51||$21,074||$18,326||13.4 years|
|14 kW||$2.46||$24,084||$21,883||13.1 years|
|16 kW||$2.41||$26,952||$25,582||12.8 years|
|18 kW||$2.36||$29,676||$29,425||12.6 years|
|20 kW||$2.30||$32,256||$33,411||12.3 years|
How to Save on Solar Panels
The solar panel company you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, including:
- Contract: Before signing a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: The type of solar panel you need to get plays a part in which company you should opt for, since different companies have access to different panels.
- Warranty: If you're concerned about the longevity of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
EcoWatch's Mount Carmel, OH Solar Cost FAQs
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.