Solar Panel Cost Guide in New Philadelphia, OH (Feb 2023)
- New Philadelphia Solar Installation Cost: $13,852
- 25-Year Savings: $21,508
- Payback Period: 9.8 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in New Philadelphia
Find out what the average cost of solar panels are in New Philadelphia.
In New Philadelphia, solar panels cost about $3 per watt on average. To cover the typical energy needs of the average home in New Philadelphia, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,852, or $10,250 after the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary depending on several factors, such as how many panels you need, your energy usage and what installation company you go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in New Philadelphia can save around $17,000 on their electricity bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in New Philadelphia
| Year | Return on Investment |
|---|---|
| 1 years | $-12,438 |
| 3 years | $-9,609 |
| 5 years | $-6,780 |
| 7 years | $-3,951 |
| 9 years | $-1,122 |
| 11 years | $1,706 |
| 13 years | $4,535 |
| 15 years | $7,364 |
| 17 years | $10,193 |
| 19 years | $13,022 |
| 21 years | $15,851 |
| 23 years | $18,680 |
| 25 years | $21,508 |
Top Solar Installers in New Philadelphia
Putting up solar panels yourself can be a dangerous undertaking, which is why getting a solar installation company is a good option for many homeowners. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.
If you're on the hunt 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 (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
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 solar system 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
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production need 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 $2,560. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like New Philadelphia, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in New Philadelphia offer solar loans, which reduce your upfront costs of installing solar panels. Although solar loans make switching to solar energy more accessible for New Philadelphia homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies in New Philadelphia, and each can charge varying amounts for labor and equipment. Companies that 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 find a company that provides the products, warranties and services you're looking for 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 | $2.66 | $11,182 | $16,251 | 10.2 years |
| 8 kW | $2.61 | $14,623 | $21,955 | 10.0 years |
| 10 kW | $2.56 | $17,920 | $27,802 | 9.8 years |
| 12 kW | $2.51 | $21,074 | $33,792 | 9.6 years |
| 14 kW | $2.46 | $24,084 | $39,926 | 9.4 years |
| 16 kW | $2.41 | $26,952 | $46,204 | 9.2 years |
| 18 kW | $2.36 | $29,676 | $52,624 | 9.0 years |
| 20 kW | $2.30 | $32,256 | $59,188 | 8.8 years |
How to Save on Solar Panels
The solar panel company you go with will affect 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 a few important things you should keep in mind, including:
- 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 how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: The model of solar panel you'd like to get plays a role in which company you should opt for, since different companies provide different panels.
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project completion timeline.
- Warranty: If you're concerned about the durability of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's New Philadelphia, OH Solar Cost FAQs
How much does it cost to install solar panels in New Philadelphia?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally 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 be more expensive 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 choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can you sell solar power back to the grid in New Philadelphia?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 higher amount 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.