Solar Panel Cost Guide in Rittman, OH (2023 Update)
- Rittman Solar Installation Cost: $13,734
- 25-Year Savings: $16,071
- Payback Period: 11.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Rittman
Let's have a look at the average cost of solar panels in Rittman.
While the national average of solar panels is $2.66 per watt, solar panels in Rittman typically cost around 2.56. Using this figure, a typical 7.7-kW system would cost about $13,727 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Rittman homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the significant upfront cost, the average Rittman homeowner can save around $15,000 on their energy bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a vetted solar installer in Rittman for a quote for your home.
Solar savings over time in Rittman
| Year | Return on Investment |
|---|---|
| 1 years | $-13,634 |
| 3 years | $-13,436 |
| 5 years | $-13,237 |
| 7 years | $-13,038 |
| 9 years | $-12,840 |
| 11 years | $-12,641 |
| 13 years | $-12,442 |
| 15 years | $-12,243 |
| 17 years | $-12,045 |
| 19 years | $-11,846 |
| 21 years | $-11,647 |
| 23 years | $-11,449 |
| 25 years | $-11,250 |
Top Solar Installers in Rittman
Although you can install solar panels on your own, it requires extra labor and expertise. That's why the majority of homeowners choose a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't sure which solar system company to go with, here are our suggestions for providers nearby:
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 Rittman
Factors that Affect Solar Panel Costs in Rittman
The cost of installing a solar system in Rittman can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels 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 Rittman. The kind of solar equipment you choose can bring your price up or down 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 in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Rittman average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Rittman, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Rittman is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets. Larger national companies usually 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 | $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 installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: The model of solar panel you'd like to get plays a role in which installer you should opt for, since different companies have different panels.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Rittman, OH Solar Cost FAQs
What is the average cost of installing solar panels in Rittman?
This is a difficult question to answer precisely, because the cost depends on many 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. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Rittman is currently $153,817, which means you could be looking at a value of about $6,306 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Rittman is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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.