Solar Panel Cost Guide in Noble, OH (2023 Update)
- Noble Solar Installation Cost: $13,655
- 25-Year Savings: $16,259
- Payback Period: 11.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Noble
Find out what the average cost of solar panels are in Noble.
While the national average of solar panels is $2.66 per watt, solar panels in Noble typically cost around 2.56. Using this figure, a typical 7.6-kW system would cost about $13,655 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you may differ based on the amount of energy your home requires and what company you go with. Even with the significant initial cost, the average Noble homeowner can save around $15,000 on their power bills over 20 years, which is one of the perks of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Noble
| Year | Return on Investment |
|---|---|
| 1 years | $-12,458 |
| 3 years | $-10,065 |
| 5 years | $-7,672 |
| 7 years | $-5,279 |
| 9 years | $-2,886 |
| 11 years | $-493 |
| 13 years | $1,900 |
| 15 years | $4,294 |
| 17 years | $6,687 |
| 19 years | $9,080 |
| 21 years | $11,473 |
| 23 years | $13,866 |
| 25 years | $16,259 |
Top Solar Installers in Noble
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with a solar panel installer can make converting to solar power much easier. Some solar installers, particularly local ones, can help you better understand incentives in Noble, optimizing your ROI.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Noble:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Noble
Factors that Affect Solar Panel Costs in Noble
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Noble: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The model of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Noble, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your total costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Noble, and each can charge varying amounts for labor and equipment. 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 with an above-average cost. It's best to do some research and go with the company that has 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 | $12,383 | 11.9 years |
| 8 kW | $2.61 | $14,623 | $16,798 | 11.6 years |
| 10 kW | $2.56 | $17,920 | $21,356 | 11.4 years |
| 12 kW | $2.51 | $21,074 | $26,057 | 11.2 years |
| 14 kW | $2.46 | $24,084 | $30,902 | 11.0 years |
| 16 kW | $2.41 | $26,952 | $35,889 | 10.7 years |
| 18 kW | $2.36 | $29,676 | $41,021 | 10.5 years |
| 20 kW | $2.30 | $32,256 | $46,295 | 10.3 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose greatly impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Warranty: If you care about the endurance of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project completion timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Noble, OH Solar Cost FAQs
How much does it cost to install solar panels in Noble?
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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Noble is currently $122,479, which means you could be looking at a value of about $5,022 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Noble is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.