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.
Although the national average of solar panels is $2.66 per watt, solar panels in New Philadelphia generally cost about 3.The average New Philadelphia homeowner needs a 7.7-kilowatt system, which would cost about $18,460 with the federal tax credit, or $26,398 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary based on a few factors, such as what size system you need, your energy consumption and what company you go with.For most homeowners, the upfront investment in solar panels is worth paying. On average New Philadelphia homeowners see about $17,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
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
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with a solar panel installer can make converting to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in New Philadelphia
Factors that Affect Solar Panel Costs in New Philadelphia
The cost of installing a solar system in New Philadelphia can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the New Philadelphia average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in New Philadelphia is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for example, you’ll have many options for solar installers that offer a range of services for different budgets.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 solar panel company you choose will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, such as:
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Review the contract terms carefully to make sure you understand the total cost, project timeline incentives and warranties.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Solar Panel Brands: The model of solar panel you want to get plays a role in which company you should opt for, since different companies offer different panels.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's New Philadelphia, OH Solar Cost FAQs
What is the average cost of installing solar panels in New Philadelphia?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally 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 higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in New Philadelphia?
A solar panel system isn’t free in New Philadelphia, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in New Philadelphia?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
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 choose to replace them after having them for that long or you can keep using 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.