Solar Panel Cost Guide in Salisbury, OH (2023 Update)
- Salisbury Solar Installation Cost: $13,393
- 25-Year Savings: $19,086
- Payback Period: 10.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Salisbury
Let's have a look at the average cost of solar in Salisbury.
While the national average of solar panels is $2.66 per watt, solar panels in Salisbury generally cost about 2.56. Using this figure, a typical 7.5-kW system would cost about $13,386 before the 30% federal solar tax credit is applied.
These figures are just averages, and your own solar costs may differ based on your specific situation and what company you go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Salisbury can save about $17,000 on their electricity bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Salisbury
| Year | Return on Investment |
|---|---|
| 1 years | $-13,284 |
| 3 years | $-13,068 |
| 5 years | $-12,851 |
| 7 years | $-12,635 |
| 9 years | $-12,418 |
| 11 years | $-12,202 |
| 13 years | $-11,985 |
| 15 years | $-11,769 |
| 17 years | $-11,552 |
| 19 years | $-11,336 |
| 21 years | $-11,119 |
| 23 years | $-10,903 |
| 25 years | $-10,686 |
Top Solar Installers in Salisbury
Although it's possible to install solar panels yourself, it requires extra labor and knowledge. Because of that, the majority of homeowners choose to hire a solar panel installer. The payback period on an investment in solar panels will vary based on factors like your location and energy consumption, but going with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 Salisbury
Factors that Affect Solar Panel Costs in Salisbury
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Salisbury: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,560. The kind 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, more efficient panels could save you more over time on your power bills. Additionally, extra products, like solar batteries, can bring your total well above the Salisbury average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. It's wise to include 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 back the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can affect your pricing. Salisbury's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $14,893 | 10.7 years |
| 8 kW | $2.61 | $14,623 | $20,144 | 10.5 years |
| 10 kW | $2.56 | $17,920 | $25,538 | 10.3 years |
| 12 kW | $2.51 | $21,074 | $31,076 | 10.1 years |
| 14 kW | $2.46 | $24,084 | $36,757 | 9.9 years |
| 16 kW | $2.41 | $26,952 | $42,581 | 9.7 years |
| 18 kW | $2.36 | $29,676 | $48,549 | 9.5 years |
| 20 kW | $2.30 | $32,256 | $54,660 | 9.3 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, such as:
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Salisbury, OH Solar Cost FAQs
What is the average cost of installing solar panels in Salisbury?
The average cost of solar panels in Salisbury 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Salisbury?
Leasing solar panels can be an option if you can't 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 financial benefits from going solar.
Is it worth going solar in Salisbury?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.