Solar Panel Cost Guide in Paint, OH (2024 Update)
- Paint Solar Installation Cost: $17,694
- 25-Year Savings: $15,280
- Payback Period: 15.5 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Paint
See how much it might cost to go solar in Paint.
The national average cost of solar panels is $2.66 per watt, but in Paint it’s 3 per watt.Since a 7.4-kW system is needed to cover the energy consumption of a typical home in Paint, the average price of going solar will be about $17,694 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Paint homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $15,000 on energy bills over 20 years, many homeowners in Paint find investing in solar has a decent ROI.
Click the button below to get connected to a reputable solar panel company in Paint for a customized quote.
Solar savings over time in Paint
Year | Return on Investment |
---|---|
1 years | $-16,598 |
3 years | $-14,404 |
5 years | $-12,211 |
7 years | $-10,017 |
9 years | $-7,824 |
11 years | $-5,630 |
13 years | $-3,437 |
15 years | $-1,243 |
17 years | $950 |
19 years | $3,144 |
21 years | $5,337 |
23 years | $7,531 |
25 years | $9,724 |
Top Solar Installers in Paint
Although you can install solar panels yourself, it requires extra time and knowledge. That's why the majority of homeowners choose to go with a solar panel installer. Solar warranties and repairs are typically included in the cost of installation when you hire a solar contractor too, which can save you more money after your initial investment.
If you're looking for a solar installer in Paint, we've put together 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 Paint
Factors that Affect Solar Panel Costs in Paint
While the average cost of a solar system in Paint is $17,694, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar energy system in Paint, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Paint provide solar loans, which reduce your upfront costs of installing solar.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Paint, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $8,225 | 16.1 years |
8 kW | $3.48 | $19,478 | $11,349 | 15.8 years |
10 kW | $3.41 | $23,870 | $14,663 | 15.5 years |
12 kW | $3.34 | $28,071 | $18,169 | 15.2 years |
14 kW | $3.27 | $32,081 | $21,865 | 14.9 years |
16 kW | $3.21 | $35,900 | $25,753 | 14.6 years |
18 kW | $3.14 | $39,529 | $29,831 | 14.2 years |
20 kW | $3.07 | $42,966 | $34,101 | 13.9 years |
How to Save on Solar Panels
There are a large number of companies available in Paint, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: Warranties that provide coverage for defective panels and repairs 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 indication of a quality company.
- Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Reputation: Long-standing companies likely have a solid 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.
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 Paint, OH Solar Cost FAQs
How much does it cost to install solar panels in Paint?
The average cost of solar panels in Paint is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Paint?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is switching to solar power worth it?
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 a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Paint?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.