Solar Panel Cost Guide in Mount Vernon, OH (2024 Update)
- Mount Vernon Solar Installation Cost: $18,277
- 25-Year Savings: $17,149
- Payback Period: 14.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Mount Vernon
We break down average solar pricing in Mount Vernon.
In Mount Vernon, solar panels cost about 3 per watt on average.Using this figure, a typical 7.7-kW system would cost about $18,277 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want to get, your solar contractor and more.Many homeowners find going solar is a sound investment. The average homeowner in Mount Vernon can save around $15,000 on their electricity bills over 20 years.
Click the button below to get connected to a top solar panel company in Mount Vernon for a customized estimate.
Solar savings over time in Mount Vernon
Year | Return on Investment |
---|---|
1 years | $-17,056 |
3 years | $-14,616 |
5 years | $-12,176 |
7 years | $-9,735 |
9 years | $-7,295 |
11 years | $-4,854 |
13 years | $-2,414 |
15 years | $27 |
17 years | $2,467 |
19 years | $4,908 |
21 years | $7,348 |
23 years | $9,789 |
25 years | $12,229 |
Top Solar Installers in Mount Vernon
Although you can install solar panels by yourself, it requires extra effort and handiness. That's why most homeowners choose to hire a solar panel installer. Another benefit of using a solar installer is that they can help you maximize your return of investment by reducing your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
If you're on the hunt for a solar company in Mount Vernon, the EcoWatch team has put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Mount Vernon
Factors that Affect Solar Panel Costs in Mount Vernon
There are a number of factors that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Mount Vernon to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.It’s a good idea to factor 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 the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies in Mount Vernon, and each can charge different amounts for labor and equipment.The company’s size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger 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 | $9,296 | 15.4 years |
8 kW | $3.48 | $19,478 | $12,776 | 15.1 years |
10 kW | $3.41 | $23,870 | $16,447 | 14.8 years |
12 kW | $3.34 | $28,071 | $20,310 | 14.5 years |
14 kW | $3.27 | $32,081 | $24,363 | 14.2 years |
16 kW | $3.21 | $35,900 | $28,607 | 13.9 years |
18 kW | $3.14 | $39,529 | $33,043 | 13.6 years |
20 kW | $3.07 | $42,966 | $37,669 | 13.3 years |
How to Save on Solar Panels
There are a large number of companies available in Mount Vernon, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: The model of solar panel you’d like to install plays a part in which company you should go with, since different companies have different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Mount Vernon, OH Solar Cost FAQs
What is the average cost of installing solar panels in Mount Vernon?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Mount Vernon?
A solar panel system isn’t free in Mount Vernon, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will having solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mount Vernon is currently $218,410, which means you can expect a value of about $8,955 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Mount Vernon is a rewarding investment.
How long do solar panels last in Mount Vernon?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide 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.