Solar Panel Cost Guide in Reynoldsburg, OH (Mar 2023)
- Reynoldsburg Solar Installation Cost: $13,530
- 25-Year Savings: $19,492
- Payback Period: 10.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Reynoldsburg
We go over average solar pricing in Reynoldsburg.
In Reynoldsburg, solar panels cost about 2.56 per watt on average. The average solar panel system size in Reynoldsburg is around 7.5 kilowatts, meaning a cost of about $13,530 for a solar installation, or $19,348 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will look different based on your specific situation and what company you go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Reynoldsburg can save about $17,000 on their energy bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Reynoldsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-12,209 |
| 3 years | $-9,567 |
| 5 years | $-6,925 |
| 7 years | $-4,284 |
| 9 years | $-1,642 |
| 11 years | $1,000 |
| 13 years | $3,642 |
| 15 years | $6,283 |
| 17 years | $8,925 |
| 19 years | $11,567 |
| 21 years | $14,208 |
| 23 years | $16,850 |
| 25 years | $19,492 |
Top Solar Installers in Reynoldsburg
Installing solar panels on your own can be a dangerous task, which is why using a solar installer is a good option for many homeowners. The expertise that solar installers offer can be invaluable as well, particularly if you don't quite know what type of solar equipment you need.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our recommendations for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Reynoldsburg
Factors that Affect Solar Panel Costs in Reynoldsburg
For many Reynoldsburg homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Reynoldsburg, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy 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 pay around $2,560 per kilowatt in Reynoldsburg. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Reynoldsburg average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Reynoldsburg, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor 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 installer you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $15,054 | 10.7 years |
| 8 kW | $2.61 | $14,623 | $20,359 | 10.5 years |
| 10 kW | $2.56 | $17,920 | $25,807 | 10.2 years |
| 12 kW | $2.51 | $21,074 | $31,398 | 10.0 years |
| 14 kW | $2.46 | $24,084 | $37,133 | 9.8 years |
| 16 kW | $2.41 | $26,952 | $43,012 | 9.6 years |
| 18 kW | $2.36 | $29,676 | $49,033 | 9.4 years |
| 20 kW | $2.30 | $32,256 | $55,198 | 9.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Reputation: Your solar installer should have a sound 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 good reviews from previous customers.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: If you're worried about the longevity of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Reynoldsburg, OH Solar Cost FAQs
How much does it cost to install solar panels in Reynoldsburg?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Reynoldsburg?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can solar panels significantly reduce my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Reynoldsburg, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get 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 get between 20 and 35 panels to cover 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.