Solar Panel Cost Guide in New Philadelphia, OH (2024 Update)
- New Philadelphia Solar Installation Cost: $18,460
- 25-Year Savings: $21,502
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in New Philadelphia
Find out how much it might cost to switch to solar power in New Philadelphia.
The national average cost of solar panels is $2.66 per watt, but in New Philadelphia it’s 3 per watt.The average solar panel system size in New Philadelphia is around 7.7 kilowatts, meaning a cost of about $18,460 for a solar installation, or $26,398 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of going solar can vary depending on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with.With average savings of about $17,000 on energy bills over 20 years, many homeowners in New Philadelphia find investing in solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar company in New Philadelphia that can help you get a more accurate cost estimate for your home.
Solar savings over time in New Philadelphia
| Year | Return on Investment |
|---|---|
| 1 years | $-17,128 |
| 3 years | $-14,464 |
| 5 years | $-11,800 |
| 7 years | $-9,136 |
| 9 years | $-6,472 |
| 11 years | $-3,808 |
| 13 years | $-1,144 |
| 15 years | $1,520 |
| 17 years | $4,184 |
| 19 years | $6,848 |
| 21 years | $9,512 |
| 23 years | $12,176 |
| 25 years | $14,840 |
Top Solar Installers in New Philadelphia
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using a solar panel installer can make swapping over to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you're looking for a solar installer in New Philadelphia, 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 New Philadelphia
Factors that Affect Solar Panel Costs in New Philadelphia
There are many factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the price of solar panels in New Philadelphia, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by about $3,410 for each additional kilowatt you need.The brand and kind of equipment you want 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 additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.While solar loans make switching to solar energy more accessible for New Philadelphia homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. 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 pick will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Some companies only sell high-efficiency and high-priced 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 decide on the company that has the products, warranties and services you want 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 | $3.55 | $14,895 | $12,538 | 13.6 years |
| 8 kW | $3.48 | $19,478 | $17,100 | 13.3 years |
| 10 kW | $3.41 | $23,870 | $21,852 | 13.1 years |
| 12 kW | $3.34 | $28,071 | $26,795 | 12.8 years |
| 14 kW | $3.27 | $32,081 | $31,930 | 12.5 years |
| 16 kW | $3.21 | $35,900 | $37,255 | 12.3 years |
| 18 kW | $3.14 | $39,529 | $42,771 | 12.0 years |
| 20 kW | $3.07 | $42,966 | $48,478 | 11.7 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. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Before you sign a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's New Philadelphia, OH Solar Cost FAQs
What is the average cost of installing solar panels in New Philadelphia?
This is a tough question to answer precisely, because the cost depends on many 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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in New Philadelphia?
Solar panels aren’t free in New Philadelphia, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in New Philadelphia?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Although 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 replace them once you've had 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.
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.