Solar Panel Cost Guide in Randolph, OH (2023 Update)
- Randolph Solar Installation Cost: $13,960
- 25-Year Savings: $12,478
- Payback Period: 13.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Randolph
Let's take a look at the average cost of solar panels in Randolph.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Randolph, the average cost of solar panels is 2.56 per watt. The average solar panel system size in Randolph is around 7.8 kilowatts, meaning a cost of about $13,960 for a solar installation, or $19,963 before the 30% federal solar tax credit is applied.
These figures are just estimates, and your own solar costs may differ based on factors unique to your home and what company you go with. But, once you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $13,000 over 20 years on power bills.
Click the button below to get connected to a reputable solar installer in Randolph for a custom quote.
Solar savings over time in Randolph
| Year | Return on Investment |
|---|---|
| 1 years | $-12,902 |
| 3 years | $-10,787 |
| 5 years | $-8,672 |
| 7 years | $-6,557 |
| 9 years | $-4,442 |
| 11 years | $-2,327 |
| 13 years | $-212 |
| 15 years | $1,903 |
| 17 years | $4,018 |
| 19 years | $6,133 |
| 21 years | $8,248 |
| 23 years | $10,363 |
| 25 years | $12,478 |
Top Solar Installers in Randolph
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Using an installer can make your switch to solar power much easier. The payback period on an investment in solar panels will vary depending on factors like your location and energy use, but going with a solar company can shorten it. Your provider will be able to help you apply for incentives available in your area.
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 Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Randolph
Factors that Affect Solar Panel Costs in Randolph
Even though the average cost of a solar system in Randolph is $13,960, your actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Randolph. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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, higher efficiency could save you more over time on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Randolph average.
Solar Financing Terms
Most solar installers in Randolph offer solar loans, which reduce your upfront costs of installing solar. While solar loans make switching to solar energy more accessible for Randolph homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact your pricing. Randolph's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $9,179 | 13.7 years |
| 8 kW | $2.61 | $14,623 | $12,525 | 13.5 years |
| 10 kW | $2.56 | $17,920 | $16,015 | 13.2 years |
| 12 kW | $2.51 | $21,074 | $19,648 | 12.9 years |
| 14 kW | $2.46 | $24,084 | $23,425 | 12.7 years |
| 16 kW | $2.41 | $26,952 | $27,345 | 12.4 years |
| 18 kW | $2.36 | $29,676 | $31,408 | 12.1 years |
| 20 kW | $2.30 | $32,256 | $35,614 | 11.9 years |
How to Save on Solar Panels
The solar company you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of 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 Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Randolph, OH Solar Cost FAQs
What is the average cost of installing solar panels in Randolph?
The average cost of solar panels in Randolph is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Randolph have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can receive compensation 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.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.