Solar Panel Cost Guide in Mount Vernon, OH (2023 Update)
- Mount Vernon Solar Installation Cost: $13,727
- 25-Year Savings: $17,144
- Payback Period: 11.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mount Vernon
We break down average solar pricing in Mount Vernon.
In Mount Vernon, solar panels cost about 2.56 per watt on average. To account for the typical energy usage of the average home in Mount Vernon, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs around $13,727, or $19,630 before the federal solar tax credit of 30% is applied.
The actual price you pay can go above or below the average in Mount Vernon depending on a few factors, such as the brand of solar panels you choose and the solar company you hire. With typical savings of about $15,000 on electricity bills over 20 years, many homeowners in Mount Vernon find going solar can be quite rewarding.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Mount Vernon
| Year | Return on Investment |
|---|---|
| 1 years | $-12,492 |
| 3 years | $-10,022 |
| 5 years | $-7,553 |
| 7 years | $-5,083 |
| 9 years | $-2,613 |
| 11 years | $-144 |
| 13 years | $2,326 |
| 15 years | $4,795 |
| 17 years | $7,265 |
| 19 years | $9,735 |
| 21 years | $12,204 |
| 23 years | $14,674 |
| 25 years | $17,144 |
Top Solar Installers in Mount Vernon
Many homeowners choose to hire a solar panel company since figuring out how to install solar panels yourself can be time-consuming. Plus, if you'd like to maximize your investment in solar power, opting for a solar installer can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
If you're on the hunt for a solar installer in Mount Vernon, the EcoWatch team has organized 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
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 Vernon
Factors that Affect Solar Panel Costs in Mount Vernon
While the average cost of a solar system in Mount Vernon is $13,727, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Mount Vernon provide solar loans, which reduce your upfront costs of installing solar panels. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Mount Vernon is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different price points. 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 cost more. It's best to do some research and go with the company that provides the products, warranties and services you want and also fits within 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 | $13,008 | 11.6 years |
| 8 kW | $2.61 | $14,623 | $17,631 | 11.3 years |
| 10 kW | $2.56 | $17,920 | $22,397 | 11.1 years |
| 12 kW | $2.51 | $21,074 | $27,307 | 10.9 years |
| 14 kW | $2.46 | $24,084 | $32,360 | 10.7 years |
| 16 kW | $2.41 | $26,952 | $37,556 | 10.4 years |
| 18 kW | $2.36 | $29,676 | $42,896 | 10.2 years |
| 20 kW | $2.30 | $32,256 | $48,379 | 10.0 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which brand 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 peruse their list of offerings before making your decision.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
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 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 $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 higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Mount Vernon, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Mount Vernon?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.