Solar Panel Cost Guide in New Lebanon, OH (2025 Update)
- New Lebanon Solar Installation Cost: $17,915
- 25-Year Savings: $9,027
- Payback Period: 19.9 Years
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Average Cost of Solar Panels in New Lebanon
We break down average solar pricing in New Lebanon.
While the national average of solar panels is $2.66 per watt, solar panels in New Lebanon typically cost around 3.Because a 7.5-kW system is needed to cover the energy consumption of a typical home in New Lebanon, the average price of going solar will be about $17,915 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of equipment you want, your solar contractor and more.With typical savings of about $11,000 on energy bills over 20 years, many homeowners in New Lebanon find investing in solar can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in New Lebanon for a quote for your home.
Solar savings over time in New Lebanon
Year | Return on Investment |
---|---|
1 years | $-16,897 |
3 years | $-14,860 |
5 years | $-12,823 |
7 years | $-10,787 |
9 years | $-8,750 |
11 years | $-6,714 |
13 years | $-4,677 |
15 years | $-2,640 |
17 years | $-604 |
19 years | $1,433 |
21 years | $3,469 |
23 years | $5,506 |
25 years | $7,543 |
Top Solar Installers in New Lebanon
Although you can install solar panels by yourself, it involves extra energy and handiness. That's why most people choose a solar panel installer. Plus, if you’d like to maximize your investment in solar, using a solar installer can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
If you’d like to switch to solar energy but still aren’t certain which solar system company to go with, here are our recommendations for providers in New Lebanon:
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 New Lebanon
Factors that Affect Solar Panel Costs in New Lebanon
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in New Lebanon: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,410 per kilowatt in New Lebanon.There are several different solar panel brands and the one you choose also affects the cost. Typically, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in New Lebanon, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your total costs, so it’s crucial to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in New Lebanon, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $3,074 | 20.7 years |
8 kW | $3.48 | $19,478 | $4,480 | 20.3 years |
10 kW | $3.41 | $23,870 | $6,078 | 19.9 years |
12 kW | $3.34 | $28,071 | $7,866 | 19.5 years |
14 kW | $3.27 | $32,081 | $9,846 | 19.1 years |
16 kW | $3.21 | $35,900 | $12,016 | 18.7 years |
18 kW | $3.14 | $39,529 | $14,377 | 18.3 years |
20 kW | $3.07 | $42,966 | $16,930 | 17.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's New Lebanon, OH Solar Cost FAQs
What is the average cost of installing solar panels in New Lebanon?
The average cost of solar panels in New Lebanon is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in New Lebanon?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The drawback 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 get the most savings.
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 New Lebanon, 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 many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.