Solar Panel Cost Guide in Perkins, OH (2024 Update)
- Perkins Solar Installation Cost: $16,595
- 25-Year Savings: $13,979
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Perkins
See how much it might cost to go solar in Perkins.
The average cost of a solar panel system in Perkins is 3 per watt.The average solar panel system size in Perkins is around 7.0 kilowatts, meaning a cost of about $16,595 for a solar installation, or $23,731 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Perkins homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the significant initial cost, the average Perkins homeowner can save about $14,000 on their energy bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a highly rated solar installer in your area for a custom quote.
Solar savings over time in Perkins
| Year | Return on Investment |
|---|---|
| 1 years | $-15,375 |
| 3 years | $-12,934 |
| 5 years | $-10,494 |
| 7 years | $-8,053 |
| 9 years | $-5,613 |
| 11 years | $-3,172 |
| 13 years | $-732 |
| 15 years | $1,708 |
| 17 years | $4,149 |
| 19 years | $6,589 |
| 21 years | $9,030 |
| 23 years | $11,470 |
| 25 years | $13,911 |
Top Solar Installers in Perkins
Many homeowners choose to use a solar panel installer since figuring out how to install solar panels on your own can be a labor-intensive endeavor. Another perk of utilizing a solar company is that they can help you optimize your investment by lowering your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
If you're searching for a solar company in Perkins, we've put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Perkins
Factors that Affect Solar Panel Costs in Perkins
There are a number of criteria that can play into your 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
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater 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 $3,410.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Perkins, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Perkins, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your all-in costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can play a role in determining your pricing. Perkins’s 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 come at a higher cost. It’s best to do some research and find a company that offers the products, warranties and services you want and also is 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 | $3.55 | $14,895 | $7,921 | 16.3 years |
| 8 kW | $3.48 | $19,478 | $10,944 | 16.0 years |
| 10 kW | $3.41 | $23,870 | $14,157 | 15.7 years |
| 12 kW | $3.34 | $28,071 | $17,561 | 15.4 years |
| 14 kW | $3.27 | $32,081 | $21,156 | 15.1 years |
| 16 kW | $3.21 | $35,900 | $24,943 | 14.8 years |
| 18 kW | $3.14 | $39,529 | $28,920 | 14.4 years |
| 20 kW | $3.07 | $42,966 | $33,088 | 14.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The type of solar panel you’d like plays a part in which installer you should choose, since different companies provide different panels.
- Warranty: If you’re concerned about the durability of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- 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.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Perkins, OH Solar Cost FAQs
How much does it cost to install solar panels in Perkins?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly 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 higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Perkins?
Solar panels can be a beneficial investment for a majority of 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 fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home 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.