Solar Panel Cost Guide in Norwich, OH (2023 Update)
- Norwich Solar Installation Cost: $13,524
- 25-Year Savings: $17,081
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Norwich
Find out what the average cost of solar panel installation is in Norwich.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Norwich, the average cost of solar panels is 2.56 per watt. The average solar panel system size in Norwich is around 7.5 kilowatts, meaning a cost of about $13,530 for a solar installation, or $19,348 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what installation company you go with. Even with the significant upfront cost, the average Norwich homeowner can save about $15,000 on their power bills over 20 years, which is one of the positives of solar.
To get a free quote from a highly rated solar installation company in Norwich, you can click the button below.
Solar savings over time in Norwich
| Year | Return on Investment |
|---|---|
| 1 years | $-13,422 |
| 3 years | $-13,218 |
| 5 years | $-13,014 |
| 7 years | $-12,810 |
| 9 years | $-12,606 |
| 11 years | $-12,402 |
| 13 years | $-12,197 |
| 15 years | $-11,993 |
| 17 years | $-11,789 |
| 19 years | $-11,585 |
| 21 years | $-11,381 |
| 23 years | $-11,177 |
| 25 years | $-10,973 |
Top Solar Installers in Norwich
When going solar, many homeowners opt to go with a solar installation company since overseeing your solar installation yourself can be a difficult project. Local solar companies can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Norwich
Factors that Affect Solar Panel Costs in Norwich
There are several criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. While solar loans make switching to solar energy more accessible for Norwich 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can affect the cost. Norwich's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $13,150 | 11.5 years |
| 8 kW | $2.61 | $14,623 | $17,820 | 11.3 years |
| 10 kW | $2.56 | $17,920 | $22,633 | 11.0 years |
| 12 kW | $2.51 | $21,074 | $27,590 | 10.8 years |
| 14 kW | $2.46 | $24,084 | $32,690 | 10.6 years |
| 16 kW | $2.41 | $26,952 | $37,933 | 10.4 years |
| 18 kW | $2.36 | $29,676 | $43,320 | 10.2 years |
| 20 kW | $2.30 | $32,256 | $48,850 | 9.9 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining 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, such as:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Norwich, OH Solar Cost FAQs
How much does it cost to install solar panels in Norwich?
This is a hard 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 cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Norwich?
A solar panel system isn't free in Norwich, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does Norwich have a net metering program?
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 offer you credit toward your future electricity bills.
How long do solar panels last in Norwich?
On average, solar panels can last 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 level 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.