Solar Panel Cost Guide in Mount Gilead, OH (Feb 2023)
- Mount Gilead Solar Installation Cost: $13,745
- 25-Year Savings: $15,747
- Payback Period: 11.6 Years
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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:
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.
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.
EcoWatch's Mount Gilead, 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.