Solar Panel Cost Guide in Mount Gilead, OH (2023 Update)
- Mount Gilead Solar Installation Cost: $13,745
- 25-Year Savings: $15,747
- Payback Period: 11.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mount Gilead
We break down average solar pricing in Mount Gilead.
The average cost of solar panels in Mount Gilead is 2.56 per watt. Using this figure, a typical 7.7-kW system would cost about $13,745 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of making the switch to solar can vary depending on multiple factors, such as what size system you need, your energy usage and what installation company you go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Mount Gilead can save about $15,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Mount Gilead that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mount Gilead
| Year | Return on Investment |
|---|---|
| 1 years | $-12,565 |
| 3 years | $-10,206 |
| 5 years | $-7,846 |
| 7 years | $-5,487 |
| 9 years | $-3,128 |
| 11 years | $-768 |
| 13 years | $1,591 |
| 15 years | $3,951 |
| 17 years | $6,310 |
| 19 years | $8,669 |
| 21 years | $11,029 |
| 23 years | $13,388 |
| 25 years | $15,747 |
Top Solar Installers in Mount Gilead
When making the switch to solar, many homeowners prefer to go with a solar company since installing solar panels yourself can be a difficult project. Some solar installers, particularly local ones, can help you better understand incentives in Mount Gilead, optimizing your ROI.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Mount Gilead:
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 Mount Gilead
Factors that Affect Solar Panel Costs in Mount Gilead
There are several factors that can determine your solar panel 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
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,560. The brand and kind of equipment you get for your solar system can increase or decrease 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Mount Gilead provide solar loans, which reduce the initial cost of installing a solar system. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Mount Gilead, and each can charge different amounts for labor and equipment. Additionally, some companies in Mount Gilead have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $2.66 | $11,182 | $11,895 | 12.1 years |
| 8 kW | $2.61 | $14,623 | $16,146 | 11.9 years |
| 10 kW | $2.56 | $17,920 | $20,541 | 11.6 years |
| 12 kW | $2.51 | $21,074 | $25,080 | 11.4 years |
| 14 kW | $2.46 | $24,084 | $29,761 | 11.2 years |
| 16 kW | $2.41 | $26,952 | $34,586 | 10.9 years |
| 18 kW | $2.36 | $29,676 | $39,555 | 10.7 years |
| 20 kW | $2.30 | $32,256 | $44,667 | 10.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The kind of solar panel you'd like to install plays a role in which company you should choose, since different companies have different panels.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 Mount Gilead, OH Solar Cost FAQs
How much does it cost to install solar panels in Mount Gilead?
This is a difficult question to answer exactly, 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 additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Mount Gilead?
You can't get solar panels for free in Mount Gilead. 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.
Can you sell solar power back to the grid in Mount Gilead?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How often do you have to replace solar panels?
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.