Solar Panel Cost Guide in Scioto, OH (2023 Update)
- Scioto Solar Installation Cost: $13,315
- 25-Year Savings: $26,087
- Payback Period: 8.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Scioto
Find out what the average cost of a solar system is in Scioto.
In Scioto, solar panels cost about 2.56 per watt on average. Using this figure, a typical 7.4-kW system would cost about $13,315 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of solar panels you want, your solar contractor and more. But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $20,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar installer in Scioto for a quote for your home.
Solar savings over time in Scioto
| Year | Return on Investment |
|---|---|
| 1 years | $-11,739 |
| 3 years | $-8,586 |
| 5 years | $-5,434 |
| 7 years | $-2,282 |
| 9 years | $870 |
| 11 years | $4,022 |
| 13 years | $7,174 |
| 15 years | $10,326 |
| 17 years | $13,478 |
| 19 years | $16,630 |
| 21 years | $19,782 |
| 23 years | $22,935 |
| 25 years | $26,087 |
Top Solar Installers in Scioto
When going solar, many homeowners prefer to hire a solar installation company since installing solar panels yourself can be a challenging project. The expertise that solar companies offer can be helpful as well, especially if you don't quite know what brand of solar equipment you need.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Scioto
Factors that Affect Solar Panel Costs in Scioto
For many Scioto homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Scioto, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require 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 brand and type of equipment you choose for your solar system can increase or decrease 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Scioto offer solar loans, which reduce the initial cost of installing solar. You'll have to consider the long-term cost of loans, including the amount of 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 original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Scioto is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that offer a range of services at different costs. The company's size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount 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 | $20,630 | 8.8 years |
| 8 kW | $2.61 | $14,623 | $27,794 | 8.6 years |
| 10 kW | $2.56 | $17,920 | $35,101 | 8.4 years |
| 12 kW | $2.51 | $21,074 | $42,551 | 8.3 years |
| 14 kW | $2.46 | $24,084 | $50,144 | 8.1 years |
| 16 kW | $2.41 | $26,952 | $57,881 | 7.9 years |
| 18 kW | $2.36 | $29,676 | $65,761 | 7.8 years |
| 20 kW | $2.30 | $32,256 | $73,785 | 7.6 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 efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
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 Scioto, OH Solar Cost FAQs
How much does it cost to install solar panels in Scioto?
This is a hard question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Scioto?
You can't get solar panels for free in Scioto. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Scioto?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.