Solar Panel Cost Guide in North Baltimore, OH (2024 Update)
- North Baltimore Solar Installation Cost: $18,271
- 25-Year Savings: $18,139
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in North Baltimore
Find out what the average cost of installing solar panels is in North Baltimore.
The average cost of solar panels in North Baltimore is 3 per watt.To account for the typical energy needs of the average home in North Baltimore, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs about $18,271, or $26,128 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and the cost of going solar for you will most likely vary based on factors unique to your home and what company you want to go with.For many homeowners, the upfront investment in solar is worth paying. On average homeowners in North Baltimore see about $16,000 in savings on energy bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in North Baltimore
| Year | Return on Investment |
|---|---|
| 1 years | $-16,939 |
| 3 years | $-14,275 |
| 5 years | $-11,611 |
| 7 years | $-8,946 |
| 9 years | $-6,282 |
| 11 years | $-3,618 |
| 13 years | $-954 |
| 15 years | $1,710 |
| 17 years | $4,374 |
| 19 years | $7,038 |
| 21 years | $9,702 |
| 23 years | $12,366 |
| 25 years | $15,030 |
Top Solar Installers in North Baltimore
Although you can install solar panels by yourself, it takes extra effort and know-how. That's one of the reasons most people choose a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over time.
If you're on the hunt for a solar company in North Baltimore, we've organized a list of our top suggestions here:
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 North Baltimore
Factors that Affect Solar Panel Costs in North Baltimore
The cost of installing a solar system in North Baltimore can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in North Baltimore have solar loans, which reduce your upfront costs of installing a solar system.It’s wise to include 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 back the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can impact the cost. North Baltimore’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 | $10,076 | 14.9 years |
| 8 kW | $3.48 | $19,478 | $13,816 | 14.6 years |
| 10 kW | $3.41 | $23,870 | $17,747 | 14.3 years |
| 12 kW | $3.34 | $28,071 | $21,870 | 14.1 years |
| 14 kW | $3.27 | $32,081 | $26,183 | 13.8 years |
| 16 kW | $3.21 | $35,900 | $30,687 | 13.5 years |
| 18 kW | $3.14 | $39,529 | $35,383 | 13.2 years |
| 20 kW | $3.07 | $42,966 | $40,269 | 12.9 years |
How to Save on Solar Panels
There are many companies to choose from in North Baltimore, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Contract: Before signing a contract with a solar company, be sure to look it over fully 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 what services you can expect from them.
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 North Baltimore, OH Solar Cost FAQs
What is the average cost of installing solar panels in North Baltimore?
This is a hard 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 above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in North Baltimore?
You can’t get solar panels for free in North Baltimore. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does North Baltimore have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 get between 20 and 35 panels to account for 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.