Solar Panel Cost Guide in Mulberry, OH (2025 Update)
- Mulberry Solar Installation Cost: $17,585
- 25-Year Savings: $10,987
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Mulberry
Here’s how much it might cost to switch to solar power in Mulberry.
In Mulberry, solar panels cost about 3 per watt on average.The average Mulberry homeowner needs a 7.4-kilowatt system, which would cost about $17,585 with the federal tax credit, or $25,147 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Mulberry homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Mulberry can save about $12,000 on their energy bills over 20 years.
To receive a free estimate from a pre-vetted solar company in Mulberry, you can click the button below.
Solar savings over time in Mulberry
| Year | Return on Investment |
|---|---|
| 1 years | $-16,420 |
| 3 years | $-14,090 |
| 5 years | $-11,760 |
| 7 years | $-9,430 |
| 9 years | $-7,100 |
| 11 years | $-4,770 |
| 13 years | $-2,440 |
| 15 years | $-110 |
| 17 years | $2,220 |
| 19 years | $4,550 |
| 21 years | $6,880 |
| 23 years | $9,210 |
| 25 years | $11,540 |
Top Solar Installers in Mulberry
When going solar, many homeowners decide to go with a solar installer since DIY solar panel installation can be a challenging project. Plus, if you’d like to maximize your investment in solar power, going with a solar company can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Mulberry
Factors that Affect Solar Panel Costs in Mulberry
For many Mulberry homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Mulberry, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation 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 $3,410.The kind of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider 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
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Mulberry homeowners opt to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can influence your pricing. Mulberry’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that offers the products, warranties and services you’re looking for and also is 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 | $3.55 | $14,895 | $4,805 | 18.9 years |
| 8 kW | $3.48 | $19,478 | $6,789 | 18.5 years |
| 10 kW | $3.41 | $23,870 | $8,964 | 18.2 years |
| 12 kW | $3.34 | $28,071 | $11,329 | 17.8 years |
| 14 kW | $3.27 | $32,081 | $13,886 | 17.4 years |
| 16 kW | $3.21 | $35,900 | $16,633 | 17.1 years |
| 18 kW | $3.14 | $39,529 | $19,572 | 16.7 years |
| 20 kW | $3.07 | $42,966 | $22,701 | 16.4 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Mulberry, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
EcoWatch's Mulberry, OH Solar Cost FAQs
What is the average cost of installing solar panels in Mulberry?
The average cost of solar panels in Mulberry is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Mulberry?
Leasing solar panels can be an attractive choice, as it often 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.
How much can I save on energy bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Mulberry, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
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 their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use 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.