Solar Panel Cost Guide in Pultney, OH (2024 Update)
- Pultney Solar Installation Cost: $18,453
- 25-Year Savings: $16,017
- Payback Period: 15.4 Years
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Average Cost of Solar Panels in Pultney
See how much it might cost to switch to solar power in Pultney.
In Pultney, solar panels cost about 3 per watt on average.The average Pultney homeowner needs a 7.7-kilowatt system, which would cost about $18,453 with the federal tax credit, or $26,388 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of equipment you want to get, your solar contractor and more.But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $15,000 over 20 years on utility bills.
You can click the button below to get connected with a pre-vetted solar installer in Pultney that can help you get a more accurate cost estimate for your home.
Solar savings over time in Pultney
Year | Return on Investment |
---|---|
1 years | $-17,121 |
3 years | $-14,457 |
5 years | $-11,793 |
7 years | $-9,129 |
9 years | $-6,465 |
11 years | $-3,801 |
13 years | $-1,137 |
15 years | $1,527 |
17 years | $4,191 |
19 years | $6,855 |
21 years | $9,519 |
23 years | $12,183 |
25 years | $14,847 |
Top Solar Installers in Pultney
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar company can make converting to solar power much easier. Local solar companies can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
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 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 Pultney
Factors that Affect Solar Panel Costs in Pultney
Though the average cost of a solar system in Pultney is $18,453, your final cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar system in Pultney, one of the most important 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 determine by looking at past power bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Pultney provide solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also increases your overall costs, so it’s important to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can play a part in determining the cost. Pultney’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $8,288 | 16.1 years |
8 kW | $3.48 | $19,478 | $11,433 | 15.8 years |
10 kW | $3.41 | $23,870 | $14,768 | 15.4 years |
12 kW | $3.34 | $28,071 | $18,295 | 15.1 years |
14 kW | $3.27 | $32,081 | $22,012 | 14.8 years |
16 kW | $3.21 | $35,900 | $25,921 | 14.5 years |
18 kW | $3.14 | $39,529 | $30,020 | 14.2 years |
20 kW | $3.07 | $42,966 | $34,311 | 13.9 years |
How to Save on Solar Panels
There are a lot of companies available in Pultney, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of 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 good reviews from past customers.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
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 Pultney, OH Solar Cost FAQs
How much does it cost to install solar panels in Pultney?
The average cost of solar panels in Pultney 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Pultney?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Can you sell solar power back to the grid in Pultney?
The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 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 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.