Solar Panel Cost Guide in Pultney, OH (2023 Update)
- Pultney Solar Installation Cost: $13,853
- 25-Year Savings: $16,017
- Payback Period: 11.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pultney
See how much it might cost to make the switch to solar in Pultney.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pultney, the average cost of solar panels is 2.56 per watt. Since a 7.7-kW system is needed to cover the energy consumption of a typical home in Pultney, the average price of going solar will be about $13,852 after claiming the federal solar tax credit of 30%.
These figures are only averages, and how much solar costs for you may vary based on your energy needs and what company you go with. But, after you've paid the initial cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $15,000 over 20 years on utility bills.
To get a free quote from a vetted solar installer in Pultney, you can click the button below.
Solar savings over time in Pultney
| Year | Return on Investment |
|---|---|
| 1 years | $-13,754 |
| 3 years | $-13,555 |
| 5 years | $-13,356 |
| 7 years | $-13,156 |
| 9 years | $-12,957 |
| 11 years | $-12,758 |
| 13 years | $-12,559 |
| 15 years | $-12,360 |
| 17 years | $-12,161 |
| 19 years | $-11,962 |
| 21 years | $-11,762 |
| 23 years | $-11,563 |
| 25 years | $-11,364 |
Top Solar Installers in Pultney
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of an installer can make your swap to solar power much easier. A solar installer can also help save you money over time by providing warranties, repairs and system component replacements.
Working with a licensed solar company 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
See all of the solar companies in Pultney
Factors that Affect Solar Panel Costs in Pultney
There are many factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of a solar system in Pultney, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past energy bills. Your overall cost can increase by about $2,560 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you just 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 out of pocket can be a challenge. Solar loans are available from most installers in Pultney, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you choose will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Pultney know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $2.66 | $11,182 | $12,001 | 12.1 years |
| 8 kW | $2.61 | $14,623 | $16,288 | 11.8 years |
| 10 kW | $2.56 | $17,920 | $20,718 | 11.6 years |
| 12 kW | $2.51 | $21,074 | $25,292 | 11.4 years |
| 14 kW | $2.46 | $24,084 | $30,009 | 11.1 years |
| 16 kW | $2.41 | $26,952 | $34,870 | 10.9 years |
| 18 kW | $2.36 | $29,676 | $39,873 | 10.7 years |
| 20 kW | $2.30 | $32,256 | $45,021 | 10.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Pultney, OH Solar Cost FAQs
What is the average cost of installing solar panels in Pultney?
This is a tough question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want 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 without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.