Solar Panel Cost Guide in Salt Creek, OH (2023 Update)
- Salt Creek Solar Installation Cost: $13,798
- 25-Year Savings: $18,371
- Payback Period: 10.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Salt Creek
Find out what the average cost of installing solar panels 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 2.56 per watt. To account for the typical energy needs of the average home in Salt Creek, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,798, or $19,731 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want to get, your solar contractor and more. With typical savings of about $16,000 on power bills over 20 years, many homeowners in Salt Creek find installing solar panels can pay off big.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Salt Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-12,512 |
| 3 years | $-9,938 |
| 5 years | $-7,365 |
| 7 years | $-4,791 |
| 9 years | $-2,218 |
| 11 years | $356 |
| 13 years | $2,929 |
| 15 years | $5,503 |
| 17 years | $8,077 |
| 19 years | $10,650 |
| 21 years | $13,224 |
| 23 years | $15,797 |
| 25 years | $18,371 |
Top Solar Installers in Salt Creek
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Going with a solar company can make converting to solar power much easier. The payback period on a solar system will vary depending on factors like your location and energy usage, but working with a solar company can shorten it. 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 estimate on the cost of solar panels for your home. Here are some in Salt Creek:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Salt Creek
Factors that Affect Solar Panel Costs in Salt Creek
There are a number of factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
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 crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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, higher efficiency could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Salt Creek average.
Solar Financing Terms
Most solar installers in Salt Creek offer solar loans, which reduce the initial cost of installing solar. Although solar loans make switching to solar energy more accessible for Salt Creek homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
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 get to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger 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 | $13,883 | 11.2 years |
| 8 kW | $2.61 | $14,623 | $18,797 | 10.9 years |
| 10 kW | $2.56 | $17,920 | $23,854 | 10.7 years |
| 12 kW | $2.51 | $21,074 | $29,055 | 10.5 years |
| 14 kW | $2.46 | $24,084 | $34,400 | 10.3 years |
| 16 kW | $2.41 | $26,952 | $39,887 | 10.1 years |
| 18 kW | $2.36 | $29,676 | $45,518 | 9.9 years |
| 20 kW | $2.30 | $32,256 | $51,293 | 9.7 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: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: If you care about the durability of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Salt Creek?
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 can't take advantage of many solar incentives. Also your property 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.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.