Solar Panel Cost Guide in North Baltimore, OH (Feb 2023)
- North Baltimore Solar Installation Cost: $13,709
- 25-Year Savings: $18,146
- Payback Period: 10.8 Years
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Top Solar Installers in North Baltimore
Many homeowners choose to hire a solar installation company since figuring out how to install solar panels yourself can be a labor-intensive endeavor. Companies can also offer access to quality options of the best solar panels and help you decide which one will be right for your home.
If you're looking for a solar company in North Baltimore, we've organized a list of our top suggestions here:
See all of the solar companies in North Baltimore
Factors that Affect Solar Panel Costs in North Baltimore
There are many factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use 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 $2,560. The brand of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment consists of more than 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
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many North Baltimore homeowners opt to finance their solar panel systems to make paying for solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in North Baltimore is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for instance, you'll have no shortage of solar installers that provide a range of services for different budgets. The company's size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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||$13,788||11.2 years|
|8 kW||$2.61||$14,623||$18,671||11.0 years|
|10 kW||$2.56||$17,920||$23,697||10.8 years|
|12 kW||$2.51||$21,074||$28,867||10.5 years|
|14 kW||$2.46||$24,084||$34,180||10.3 years|
|16 kW||$2.41||$26,952||$39,636||10.1 years|
|18 kW||$2.36||$29,676||$45,236||9.9 years|
|20 kW||$2.30||$32,256||$50,979||9.7 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Different companies carry different brands and models of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
EcoWatch's North Baltimore, OH Solar Cost FAQs
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.