Solar Panel Cost Guide in Mount Orab, OH (2024 Update)
- Mount Orab Solar Installation Cost: $17,620
- 25-Year Savings: $14,437
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Mount Orab
Find out how much it might cost to go solar in Mount Orab.
In Mount Orab, solar panels cost about 3 per watt on average.The average solar panel system size in Mount Orab is around 7.4 kilowatts, meaning a cost of about $17,620 for a solar installation, or $25,197 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy consumption and what solar installer you go with.But, after you've paid the upfront cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $14,000 over 20 years on utility bills.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Mount Orab
| Year | Return on Investment |
|---|---|
| 1 years | $-16,455 |
| 3 years | $-14,125 |
| 5 years | $-11,795 |
| 7 years | $-9,466 |
| 9 years | $-7,136 |
| 11 years | $-4,806 |
| 13 years | $-2,476 |
| 15 years | $-146 |
| 17 years | $2,184 |
| 19 years | $4,514 |
| 21 years | $6,844 |
| 23 years | $9,174 |
| 25 years | $11,504 |
Top Solar Installers in Mount Orab
Although it's possible to install solar panels by yourself, it involves extra time and knowledge. Because of that, almost all homeowners choose a solar panel installer. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Mount Orab:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Mount Orab
Factors that Affect Solar Panel Costs in Mount Orab
The cost of installing a solar system in Mount Orab can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Mount Orab average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable route because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installer you choose will play a role in your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk prices, 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 | $3.55 | $14,895 | $7,591 | 16.6 years |
| 8 kW | $3.48 | $19,478 | $10,504 | 16.2 years |
| 10 kW | $3.41 | $23,870 | $13,607 | 15.9 years |
| 12 kW | $3.34 | $28,071 | $16,902 | 15.6 years |
| 14 kW | $3.27 | $32,081 | $20,387 | 15.3 years |
| 16 kW | $3.21 | $35,900 | $24,063 | 15.0 years |
| 18 kW | $3.14 | $39,529 | $27,930 | 14.6 years |
| 20 kW | $3.07 | $42,966 | $31,989 | 14.3 years |
How to Save on Solar Panels
There are many companies to choose from in Mount Orab, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: When making the switch to solar energy, it’s necessary to keep an open line of communication with your solar company. Confirm that you understand how the installation process works and the project timeline.
- Warranty: If you’re concerned about the longevity of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Mount Orab, OH Solar Cost FAQs
What is the average cost of installing solar panels in Mount Orab?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Mount Orab?
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 energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.