Solar Panel Cost Guide in Powell, OH (2024 Update)
- Powell Solar Installation Cost: $18,184
- 25-Year Savings: $17,743
- Payback Period: 14.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Powell
Let’s have a look at the average cost of solar in Powell.
The average cost of a solar system in Powell is 3 per watt.The average Powell homeowner needs a 7.6-kilowatt system, which would cost about $18,184 with the federal tax credit, or $26,003 before the 0 tax credit is applied.
How much you pay can go higher or lower than the average in Powell depending on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Powell see about $16,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar company in Powell for a quote for your home.
Solar savings over time in Powell
| Year | Return on Investment |
|---|---|
| 1 years | $-16,963 |
| 3 years | $-14,523 |
| 5 years | $-12,083 |
| 7 years | $-9,642 |
| 9 years | $-7,202 |
| 11 years | $-4,761 |
| 13 years | $-2,321 |
| 15 years | $120 |
| 17 years | $2,560 |
| 19 years | $5,001 |
| 21 years | $7,441 |
| 23 years | $9,882 |
| 25 years | $12,322 |
Top Solar Installers in Powell
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make converting to solar power much easier. Another good thing about choosing a top solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
Working with a vetted solar installer can help your solar project go smoothly. 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 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 Powell
Factors that Affect Solar Panel Costs in Powell
Although the average cost of a solar system in Powell is $18,184, your final cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Powell average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular option because they lower your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also adds to your overall 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 making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Powell is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that provide a range of services at different costs.The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and bulk 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 promotion 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 | $3.55 | $14,895 | $9,832 | 15.1 years |
| 8 kW | $3.48 | $19,478 | $13,491 | 14.8 years |
| 10 kW | $3.41 | $23,870 | $17,341 | 14.5 years |
| 12 kW | $3.34 | $28,071 | $21,382 | 14.2 years |
| 14 kW | $3.27 | $32,081 | $25,614 | 13.9 years |
| 16 kW | $3.21 | $35,900 | $30,037 | 13.6 years |
| 18 kW | $3.14 | $39,529 | $34,651 | 13.3 years |
| 20 kW | $3.07 | $42,966 | $39,456 | 13.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- Warranty: If you care about the longevity of your solar panel system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Powell, OH Solar Cost FAQs
How much does it cost to install solar panels in Powell?
The average cost of solar panels in Powell is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Powell?
Although 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 their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use 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.