Solar Panel Cost Guide in Mount Orab, OH (2023 Update)
- Mount Orab Solar Installation Cost: $13,225
- 25-Year Savings: $14,440
- Payback Period: 12.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mount Orab
Find out what the average cost of installing solar panels is in Mount Orab.
In Mount Orab, solar panels cost about 2.56 per watt on average. The average solar panel system size in Mount Orab is around 7.4 kilowatts, meaning a cost of about $13,225 for a solar installation, or $18,912 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what company you go with. With typical savings of about $14,000 on electricity bills over 20 years, many homeowners in Mount Orab find going solar can pay off big.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Mount Orab
| Year | Return on Investment |
|---|---|
| 1 years | $-12,118 |
| 3 years | $-9,905 |
| 5 years | $-7,692 |
| 7 years | $-5,479 |
| 9 years | $-3,265 |
| 11 years | $-1,052 |
| 13 years | $1,161 |
| 15 years | $3,374 |
| 17 years | $5,587 |
| 19 years | $7,801 |
| 21 years | $10,014 |
| 23 years | $12,227 |
| 25 years | $14,440 |
Top Solar Installers in Mount Orab
When switching to solar energy, many homeowners decide to go with a solar installation company since overseeing your solar installation yourself can be a challenging project. Plus, if you aren't sure what kind of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 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 depends on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,560. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Mount Orab, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, 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
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Mount Orab, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. While solar loans make going solar more accessible for Mount Orab homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you choose will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that has the products, warranties and services you're looking for and also fit into your budget.
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 | $11,304 | 12.4 years |
| 8 kW | $2.61 | $14,623 | $15,359 | 12.2 years |
| 10 kW | $2.56 | $17,920 | $19,557 | 12.0 years |
| 12 kW | $2.51 | $21,074 | $23,899 | 11.7 years |
| 14 kW | $2.46 | $24,084 | $28,384 | 11.5 years |
| 16 kW | $2.41 | $26,952 | $33,012 | 11.2 years |
| 18 kW | $2.36 | $29,676 | $37,784 | 11.0 years |
| 20 kW | $2.30 | $32,256 | $42,699 | 10.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: When making the switch to solar, it's crucial to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the project completion timeline.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
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 Orab, OH Solar Cost FAQs
What is the average cost of installing solar panels in Mount Orab?
This is a difficult question to answer exactly, because the cost depends on a variety of 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Mount Orab?
Leasing solar panels can be an attractive 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 maximize your savings.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $749.55 per year.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.