Solar Panel Cost Guide in Sebring, OH (2023 Update)
- Sebring Solar Installation Cost: $14,058
- 25-Year Savings: $12,930
- Payback Period: 13.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sebring
Find out what the average cost of installing solar panels is in Sebring.
While the national average of solar panels is $2.66 per watt, solar panels in Sebring typically cost about 2.56. The average Sebring homeowner needs a 7.8-kilowatt system, which would cost about $14,049 with the federal tax credit, or $20,090 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Sebring homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find going solar is a sound investment. The average homeowner in Sebring can save about $13,000 on their power bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Sebring
| Year | Return on Investment |
|---|---|
| 1 years | $-13,968 |
| 3 years | $-13,788 |
| 5 years | $-13,608 |
| 7 years | $-13,428 |
| 9 years | $-13,248 |
| 11 years | $-13,068 |
| 13 years | $-12,889 |
| 15 years | $-12,709 |
| 17 years | $-12,529 |
| 19 years | $-12,349 |
| 21 years | $-12,169 |
| 23 years | $-11,989 |
| 25 years | $-11,809 |
Top Solar Installers in Sebring
Although you can install solar panels by yourself, it requires extra energy and handiness. That's one of the reasons most people choose to go with a solar panel installer. A solar company can also help save you money over time by offering warranties, repairs and part replacements.
You can get a free estimate from a local solar installer 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 Sebring
Factors that Affect Solar Panel Costs in Sebring
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Sebring: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Sebring, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by around $2,560 for each additional kilowatt you need. The brand of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment is 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 falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Sebring to be too steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time due to interest. 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installation company you choose will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that offers the products, warranties and services you want and also fit into your budget.
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 | $9,459 | 13.5 years |
| 8 kW | $2.61 | $14,623 | $12,899 | 13.3 years |
| 10 kW | $2.56 | $17,920 | $16,482 | 13.0 years |
| 12 kW | $2.51 | $21,074 | $20,208 | 12.8 years |
| 14 kW | $2.46 | $24,084 | $24,078 | 12.5 years |
| 16 kW | $2.41 | $26,952 | $28,091 | 12.2 years |
| 18 kW | $2.36 | $29,676 | $32,248 | 12.0 years |
| 20 kW | $2.30 | $32,256 | $36,548 | 11.7 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Warranty: If you're worried about the durability of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before you sign a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Sebring, OH Solar Cost FAQs
How much does it cost to install solar panels in Sebring?
The average cost of solar panels in Sebring 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Sebring?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
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 should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide 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.