Solar Panel Cost Guide in South Point, OH (2024 Update)
- South Point Solar Installation Cost: $17,642
- 25-Year Savings: $20,210
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in South Point
Let’s take a look at the average cost of solar panels in South Point.
Currently, the national average cost of solar panels is $2.66 per watt. However, in South Point, the average cost of a solar system is 3 per watt.To cover the typical energy usage of the average home in South Point, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,642, or $25,228 before the federal solar tax credit of 0 is applied.
These figures are only averages, and how much solar costs for you will most likely differ based on your specific situation and what company you go with.With typical savings of about $17,000 on utility bills over 20 years, many homeowners in South Point find investing in solar can be quite rewarding.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in South Point
| Year | Return on Investment |
|---|---|
| 1 years | $-16,310 |
| 3 years | $-13,646 |
| 5 years | $-10,982 |
| 7 years | $-8,318 |
| 9 years | $-5,654 |
| 11 years | $-2,990 |
| 13 years | $-326 |
| 15 years | $2,338 |
| 17 years | $5,002 |
| 19 years | $7,666 |
| 21 years | $10,330 |
| 23 years | $12,994 |
| 25 years | $15,658 |
Top Solar Installers in South Point
When going solar, many homeowners opt to go with a solar installer since DIY solar panel installation can be a difficult project. Plus, if you’re unsure what type of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in South Point
Factors that Affect Solar Panel Costs in South Point
There are a number of factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel 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, your total will most likely increase by about $3,410. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the South Point average.
Solar Financing Terms
Many homeowners find the average cost of solar in South Point to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can play a role in determining your pricing. South Point’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in South Point know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $12,263 | 13.7 years |
| 8 kW | $3.48 | $19,478 | $16,733 | 13.4 years |
| 10 kW | $3.41 | $23,870 | $21,393 | 13.2 years |
| 12 kW | $3.34 | $28,071 | $26,245 | 12.9 years |
| 14 kW | $3.27 | $32,081 | $31,287 | 12.7 years |
| 16 kW | $3.21 | $35,900 | $36,521 | 12.4 years |
| 18 kW | $3.14 | $39,529 | $41,945 | 12.1 years |
| 20 kW | $3.07 | $42,966 | $47,561 | 11.9 years |
How to Save on Solar Panels
Since the type of solar panels and the company 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 tips to keep in mind to help with your decision:
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: If you care about the durability of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's South Point, OH Solar Cost FAQs
How much does it cost to install solar panels in South Point?
The average cost of solar panels in South Point 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 like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in South Point?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in South Point?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.