Solar Panel Cost Guide in Mount Carmel, OH (2025 Update)
- Mount Carmel Solar Installation Cost: $17,585
- 25-Year Savings: $10,987
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Mount Carmel
Let’s have a look at the average cost of solar panels in Mount Carmel.
The average cost of solar panels in Mount Carmel is 3 per watt.Because a 7.4-kW system is needed to cover the energy needs of a typical home in Mount Carmel, the average price of going solar will be about $17,585 after claiming the federal solar tax credit of 0.
The true cost of your system can be higher or lower than the average in Mount Carmel based on a few factors, such as the brand of solar panels you choose and the solar company you hire.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Mount Carmel can save around $12,000 on their energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Mount Carmel
Year | Return on Investment |
---|---|
1 years | $-16,420 |
3 years | $-14,090 |
5 years | $-11,760 |
7 years | $-9,430 |
9 years | $-7,100 |
11 years | $-4,770 |
13 years | $-2,440 |
15 years | $-110 |
17 years | $2,220 |
19 years | $4,550 |
21 years | $6,880 |
23 years | $9,210 |
25 years | $11,540 |
Top Solar Installers in Mount Carmel
When going solar, many homeowners prefer to use a solar installation company since DIY solar panel installation can be a challenging project. Plus, if you’re unsure what kind of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
If you’d like to make the switch to solar but still aren’t sure which solar panel company to go with, here are our suggestions for providers nearby:
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 Mount Carmel
Factors that Affect Solar Panel Costs in Mount Carmel
For many Mount Carmel homeowners, the decision to install solar panels rests 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 a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Mount Carmel, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installation company you pick will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $3.55 | $14,895 | $4,805 | 18.9 years |
8 kW | $3.48 | $19,478 | $6,789 | 18.5 years |
10 kW | $3.41 | $23,870 | $8,964 | 18.2 years |
12 kW | $3.34 | $28,071 | $11,329 | 17.8 years |
14 kW | $3.27 | $32,081 | $13,886 | 17.4 years |
16 kW | $3.21 | $35,900 | $16,633 | 17.1 years |
18 kW | $3.14 | $39,529 | $19,572 | 16.7 years |
20 kW | $3.07 | $42,966 | $22,701 | 16.4 years |
How to Save on Solar Panels
There are numerous companies available in Mount Carmel, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Mount Carmel, OH Solar Cost FAQs
How much does it cost to install solar panels in Mount Carmel?
The average cost of solar panels in Mount Carmel is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Mount Carmel?
Leasing solar panels can be an appealing choice, as it usually 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.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mount Carmel is currently $234,292, which means you can expect a value of about $9,606 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Mount Carmel is a fruitful investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.