Solar Panel Cost Guide in Silverton, OH (Jan 2023)
- Silverton Solar Installation Cost: $13,243
- 25-Year Savings: $10,946
- Payback Period: 13.7 Years
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Top Solar Installers in Silverton
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Hiring a solar company can make swapping over to solar power much easier. The expertise that solar companies provide can be invaluable as well, particularly if you aren't sure what kind of solar equipment you need.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Silverton
Factors that Affect Solar Panel Costs in Silverton
Though the average cost of a solar system in Silverton is $13,243, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,560. There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Silverton homeowners opt to finance their solar panel systems to offset upfront costs. While solar loans make adopting solar energy more accessible for Silverton homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installation company you choose will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Silverton 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 end up saving you 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||$2.66||$11,182||$8,461||14.2 years|
|8 kW||$2.61||$14,623||$11,568||14.0 years|
|10 kW||$2.56||$17,920||$14,818||13.7 years|
|12 kW||$2.51||$21,074||$18,212||13.4 years|
|14 kW||$2.46||$24,084||$21,749||13.1 years|
|16 kW||$2.41||$26,952||$25,430||12.9 years|
|18 kW||$2.36||$29,676||$29,253||12.6 years|
|20 kW||$2.30||$32,256||$33,221||12.3 years|
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
EcoWatch's Silverton, OH Solar Cost FAQs
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.