Solar Panel Cost Guide in Rittman, OH (Mar 2023)
- Rittman Solar Installation Cost: $13,727
- 25-Year Savings: $16,078
- Payback Period: 11.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Rittman
Here's how much it might cost to go solar in Rittman.
The average cost of a solar panel system in Rittman is 2.56 per watt. To cover the typical energy needs of the average home in Rittman, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,727, or $19,630 before the federal solar tax credit of 30% is applied.
The true cost of your system can go higher or lower than the average in Rittman based on a few factors, such as the kind of solar panels you choose and the solar installer you hire. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually rewarding, with a net average savings of about $15,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar company in Rittman for a custom estimate.
Solar savings over time in Rittman
| Year | Return on Investment |
|---|---|
| 1 years | $-12,535 |
| 3 years | $-10,150 |
| 5 years | $-7,766 |
| 7 years | $-5,381 |
| 9 years | $-2,997 |
| 11 years | $-613 |
| 13 years | $1,772 |
| 15 years | $4,156 |
| 17 years | $6,541 |
| 19 years | $8,925 |
| 21 years | $11,309 |
| 23 years | $13,694 |
| 25 years | $16,078 |
Top Solar Installers in Rittman
Many homeowners opt for a solar installer since figuring out how to install solar panels by yourself can be challenging. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be best for your home.
If you're on the hunt for a solar company in Rittman, the EcoWatch team has organized a list of our top suggestions here:
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 Rittman
Factors that Affect Solar Panel Costs in Rittman
For many Rittman homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Rittman, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That's why 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 brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular route because they lower your upfront costs and let you pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Rittman, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $12,152 | 12.0 years |
| 8 kW | $2.61 | $14,623 | $16,489 | 11.8 years |
| 10 kW | $2.56 | $17,920 | $20,970 | 11.5 years |
| 12 kW | $2.51 | $21,074 | $25,594 | 11.3 years |
| 14 kW | $2.46 | $24,084 | $30,361 | 11.1 years |
| 16 kW | $2.41 | $26,952 | $35,272 | 10.8 years |
| 18 kW | $2.36 | $29,676 | $40,326 | 10.6 years |
| 20 kW | $2.30 | $32,256 | $45,523 | 10.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Read the contract terms carefully to make sure you understand the total cost, completion timeline rebates and warranties.
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 Rittman, OH Solar Cost FAQs
What is the average cost of installing solar panels in Rittman?
The average cost of solar panels in Rittman 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Rittman?
You can't get solar panels for free in Rittman. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact my home value?
Solar panels can increase your home value considerably 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 long do solar panels last in Rittman?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.