Solar Panel Cost Guide in Shiloh, OH (2024 Update)
- Shiloh Solar Installation Cost: $18,379
- 25-Year Savings: $13,033
- Payback Period: 17.1 Years
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Average Cost of Solar Panels in Shiloh
Find out what the average cost of solar panels are in Shiloh.
Although the national average of solar panels is $2.66 per watt, solar panels in Shiloh generally cost about 3.Using this figure, a typical 7.7-kW system would cost about $18,379 before the 0 federal solar tax credit 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 solar system you choose, your solar contractor and more.Despite the large upfront cost, the average Shiloh homeowner can save around $14,000 on their power bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a reputable solar installer in Shiloh for a customized estimate.
Solar savings over time in Shiloh
| Year | Return on Investment |
|---|---|
| 1 years | $-17,158 |
| 3 years | $-14,718 |
| 5 years | $-12,277 |
| 7 years | $-9,837 |
| 9 years | $-7,397 |
| 11 years | $-4,956 |
| 13 years | $-2,516 |
| 15 years | $-75 |
| 17 years | $2,365 |
| 19 years | $4,806 |
| 21 years | $7,246 |
| 23 years | $9,687 |
| 25 years | $12,127 |
Top Solar Installers in Shiloh
Many homeowners opt for a solar panel installer since trying to put up solar panels yourself can be hard. Also, companies with a high reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you’d like to start using solar energy but still aren’t certain which solar company to go with, here are our recommendations for providers in Shiloh:
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 Shiloh
Factors that Affect Solar Panel Costs in Shiloh
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Shiloh: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Shiloh, one of the most important 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 usage, which you can determine by looking at past power bills. Your overall cost can increase by about $3,410 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Shiloh offer solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to 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 getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies operating in Shiloh, and each can charge varying amounts for labor and equipment.The company’s size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk 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 lower to compete with bigger names.
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 | $6,013 | 17.8 years |
| 8 kW | $3.48 | $19,478 | $8,399 | 17.5 years |
| 10 kW | $3.41 | $23,870 | $10,977 | 17.1 years |
| 12 kW | $3.34 | $28,071 | $13,745 | 16.8 years |
| 14 kW | $3.27 | $32,081 | $16,704 | 16.4 years |
| 16 kW | $3.21 | $35,900 | $19,854 | 16.1 years |
| 18 kW | $3.14 | $39,529 | $23,195 | 15.8 years |
| 20 kW | $3.07 | $42,966 | $26,728 | 15.4 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. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Shiloh, OH Solar Cost FAQs
What is the average cost of installing solar panels in Shiloh?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $696.94 per year.
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 higher amount 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.