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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Mount Carmel

Find out what the average cost of a solar system is in Mount Carmel.

The national average cost of solar panels is $2.66 per watt, but in Mount Carmel it's $3 per watt. The average solar panel system size in Mount Carmel is around 7.4 kilowatts, meaning a cost of about $13,207 for a solar installation, or $9,773 after the 30% federal solar tax credit is applied.

How much you pay 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. But, after you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $12,000 over 20 years on energy bills.

Click the button below to get connected to a vetted solar panel company in Mount Carmel for a personalized estimate.

Solar savings over time in Mount Carmel

Year Return on Investment
1 years $-12,240
3 years $-10,304
5 years $-8,369
7 years $-6,434
9 years $-4,499
11 years $-2,564
13 years $-629
15 years $1,306
17 years $3,241
19 years $5,176
21 years $7,111
23 years $9,046
25 years $10,981

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:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

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.

Solar Equipment

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.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Mount Carmel, OH Solar Cost FAQs

How much does it cost to install solar panels in Mount Carmel?

This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Are solar panels free in Mount Carmel?

You can't get solar panels for free in Mount Carmel. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.

Do solar panels increase how much your home is worth?

Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go 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 Mount Carmel?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.

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.

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