Solar Panel Cost Guide in Sidney, OH (2024 Update)
- Sidney Solar Installation Cost: $17,976
- 25-Year Savings: $7,481
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Sidney
Find out what the average cost of a solar system is in Sidney.
In Sidney, solar panels cost about 3 per watt on average.Using this figure, a typical 7.5-kW system would cost about $17,976 before the 0 federal solar tax credit is applied.
The true cost of your system can go above or below the average in Sidney depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar system is a sound investment. The average homeowner in Sidney can save about $16,000 on their power bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Sidney
| Year | Return on Investment |
|---|---|
| 1 years | $-16,958 |
| 3 years | $-14,921 |
| 5 years | $-12,885 |
| 7 years | $-10,848 |
| 9 years | $-8,811 |
| 11 years | $-6,775 |
| 13 years | $-4,738 |
| 15 years | $-2,702 |
| 17 years | $-665 |
| 19 years | $1,372 |
| 21 years | $3,408 |
| 23 years | $5,445 |
| 25 years | $7,481 |
Top Solar Installers in Sidney
Installing solar panels on your own can be a time-consuming task, which is why using a solar installation company is a good option for many homeowners. In addition, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
If you’d like to make the switch to solar but still aren’t sure which solar system installer to go with, here are our suggestions for providers 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 Sidney
Factors that Affect Solar Panel Costs in Sidney
Although the average cost of a solar system in Sidney is $17,976, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,410. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Sidney, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.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’re only able to 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 getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Sidney, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Sidney have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $10,634 | 14.6 years |
| 8 kW | $3.48 | $19,478 | $14,561 | 14.3 years |
| 10 kW | $3.41 | $23,870 | $18,678 | 14.0 years |
| 12 kW | $3.34 | $28,071 | $22,987 | 13.7 years |
| 14 kW | $3.27 | $32,081 | $27,486 | 13.5 years |
| 16 kW | $3.21 | $35,900 | $32,177 | 13.2 years |
| 18 kW | $3.14 | $39,529 | $37,058 | 12.9 years |
| 20 kW | $3.07 | $42,966 | $42,130 | 12.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose greatly affects your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The type of solar panel you’d like to install plays a part in which company you should choose, since different companies have different panels.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- 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 good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Sidney, OH Solar Cost FAQs
What is the average cost of installing solar panels in Sidney?
The average cost of solar panels in Sidney 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 model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Sidney?
A solar panel system isn’t free in Sidney, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is switching to solar power worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 larger 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.