Solar Panel Cost Guide in Perkins, OH (2023 Update)
- Perkins Solar Installation Cost: $12,454
- 25-Year Savings: $13,983
- Payback Period: 11.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Perkins
See how much it might cost to install solar panels in Perkins.
The national average cost of solar panels is $2.66 per watt, but in Perkins it's 2.56 per watt. The average solar panel system size in Perkins is around 7.0 kilowatts, meaning a cost of about $12,454 for a solar installation, or $17,809 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Perkins depending on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $14,000 over 20 years on utility bills.
To get a free estimate from a pre-vetted solar installation company in Perkins, you can click the button below.
Solar savings over time in Perkins
| Year | Return on Investment |
|---|---|
| 1 years | $-11,397 |
| 3 years | $-9,282 |
| 5 years | $-7,167 |
| 7 years | $-5,052 |
| 9 years | $-2,937 |
| 11 years | $-822 |
| 13 years | $1,293 |
| 15 years | $3,408 |
| 17 years | $5,523 |
| 19 years | $7,638 |
| 21 years | $9,753 |
| 23 years | $11,868 |
| 25 years | $13,983 |
Top Solar Installers in Perkins
Trying to install solar panels by yourself can be a difficult task, which is why hiring a solar installer is a good option for many homeowners. Some solar companies, especially local ones, can help you take advantage of incentives in Perkins, thereby optimizing your ROI.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Perkins
Factors that Affect Solar Panel Costs in Perkins
There are several criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Perkins. There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you're looking 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
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Perkins, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can influence your pricing. Perkins' solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that has the products, warranties and services you're looking for and also fits within 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 | $11,634 | 12.3 years |
| 8 kW | $2.61 | $14,623 | $15,799 | 12.0 years |
| 10 kW | $2.56 | $17,920 | $20,107 | 11.8 years |
| 12 kW | $2.51 | $21,074 | $24,558 | 11.5 years |
| 14 kW | $2.46 | $24,084 | $29,153 | 11.3 years |
| 16 kW | $2.41 | $26,952 | $33,891 | 11.1 years |
| 18 kW | $2.36 | $29,676 | $38,773 | 10.8 years |
| 20 kW | $2.30 | $32,256 | $43,798 | 10.6 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Warranty: If you're worried about the longevity of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- 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 substantial role in the company you opt for.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar company, make sure you look it over carefully 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 if there are any guarantees about energy production.
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 Perkins, OH Solar Cost FAQs
What is the average cost of installing solar panels in Perkins?
This is a difficult question to answer precisely, because the cost depends on many 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Perkins?
You can't get solar panels for free in Perkins. 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 prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Perkins?
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 electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.