Solar Panel Cost Guide in Pike, OH (2025 Update)
- Pike Solar Installation Cost: $17,961
- 25-Year Savings: $17,217
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Pike
Find out what the average cost of solar panel installation is in Pike.
The national average cost of solar panels is $2.66 per watt, but in Pike it’s 3 per watt.To account for the typical energy usage of the average home in Pike, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,961, or $25,684 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.Despite the large initial cost, the average Pike homeowner can save about $16,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar company in Pike that can help you get a more accurate cost estimate for your home.
Solar savings over time in Pike
| Year | Return on Investment |
|---|---|
| 1 years | $-16,629 |
| 3 years | $-13,965 |
| 5 years | $-11,301 |
| 7 years | $-8,637 |
| 9 years | $-5,973 |
| 11 years | $-3,309 |
| 13 years | $-645 |
| 15 years | $2,020 |
| 17 years | $4,684 |
| 19 years | $7,348 |
| 21 years | $10,012 |
| 23 years | $12,676 |
| 25 years | $15,340 |
Top Solar Installers in Pike
Many homeowners opt for a solar panel installer since figuring out how to install solar panels yourself can be hard. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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 Pike
Factors that Affect Solar Panel Costs in Pike
There are several criteria that can determine your solar system 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
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,410. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Pike, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
Many homeowners find the average cost of solar in Pike to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can influence how much you pay. Pike’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Pike are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $9,586 | 15.2 years |
| 8 kW | $3.48 | $19,478 | $13,163 | 14.9 years |
| 10 kW | $3.41 | $23,870 | $16,931 | 14.6 years |
| 12 kW | $3.34 | $28,071 | $20,890 | 14.3 years |
| 14 kW | $3.27 | $32,081 | $25,040 | 14.0 years |
| 16 kW | $3.21 | $35,900 | $29,381 | 13.7 years |
| 18 kW | $3.14 | $39,529 | $33,913 | 13.5 years |
| 20 kW | $3.07 | $42,966 | $38,635 | 13.2 years |
How to Save on Solar Panels
The solar company you choose 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 some important things you should consider, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Pike, OH Solar Cost FAQs
How much does it cost to install solar panels in Pike?
The average cost of solar panels in Pike 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 consume.
Can you get solar panels for free in Pike?
Solar panels aren’t free in Pike, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Pike 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 utility bills.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.