Solar Panel Cost Guide in Salt Creek, OH (2025 Update)
- Salt Creek Solar Installation Cost: $18,381
- 25-Year Savings: $18,370
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in Salt Creek
Find out what the average cost of a solar system is in Salt Creek.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Salt Creek, the average cost of solar panels is 3 per watt.The average Salt Creek homeowner needs a 7.7-kilowatt system, which would cost about $18,381 with the federal tax credit, or $26,285 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary depending on a few factors, such as what size system you need, your energy usage and what company you go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite fruitful, with a net average savings of about $16,000 over 20 years on utility bills.
To get a free quote from a vetted solar installer in Salt Creek, you can click the button below.
Solar savings over time in Salt Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-17,049 |
| 3 years | $-14,385 |
| 5 years | $-11,721 |
| 7 years | $-9,057 |
| 9 years | $-6,393 |
| 11 years | $-3,729 |
| 13 years | $-1,065 |
| 15 years | $1,599 |
| 17 years | $4,263 |
| 19 years | $6,927 |
| 21 years | $9,591 |
| 23 years | $12,255 |
| 25 years | $14,919 |
Top Solar Installers in Salt Creek
Although it's possible to install solar panels by yourself, it involves extra time and know-how. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Some solar companies, particularly local ones, can help you make the most of incentives in Salt Creek, therefore optimizing your ROI.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost 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 Salt Creek
Factors that Affect Solar Panel Costs in Salt Creek
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Salt Creek: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The brand of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Salt Creek homeowners choose to finance their solar panel systems to offset upfront costs.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 more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Salt Creek is the company you hire to install your solar panel 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 at different price points.Additionally, some companies in Salt Creek have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.55 | $14,895 | $10,170 | 14.9 years |
| 8 kW | $3.48 | $19,478 | $13,942 | 14.6 years |
| 10 kW | $3.41 | $23,870 | $17,904 | 14.3 years |
| 12 kW | $3.34 | $28,071 | $22,058 | 14.0 years |
| 14 kW | $3.27 | $32,081 | $26,403 | 13.7 years |
| 16 kW | $3.21 | $35,900 | $30,939 | 13.4 years |
| 18 kW | $3.14 | $39,529 | $35,665 | 13.1 years |
| 20 kW | $3.07 | $42,966 | $40,583 | 12.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: If you care about the durability of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The brand of solar panel you need plays a role in which installer you should choose, since different companies provide different panels.
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Salt Creek, OH Solar Cost FAQs
What is the average cost of installing solar panels in Salt Creek?
The average cost of solar panels in Salt Creek is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration 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.
How much can I save on electricity bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Salt Creek, 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 check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Salt Creek?
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 opt to replace them after having them for that long or you can keep using 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.