Solar Panel Cost Guide in South Point, OH (2023 Update)
- South Point Solar Installation Cost: $13,243
- 25-Year Savings: $20,212
- Payback Period: 9.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in South Point
We break down average solar pricing in South Point.
Although the national average of solar panels is $2.66 per watt, solar panels in South Point typically cost around 2.56. Using this figure, a typical 7.4-kW system would cost about $13,243 before the 30% 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 consumption, the type of solar system you want, your solar contractor and more. Many homeowners find adopting solar power is a sound investment. The average homeowner in South Point can save about $17,000 on their power bills over 20 years.
To receive a free quote from a vetted solar installer in South Point, you can click the button below.
Solar savings over time in South Point
| Year | Return on Investment |
|---|---|
| 1 years | $-11,905 |
| 3 years | $-9,228 |
| 5 years | $-6,552 |
| 7 years | $-3,876 |
| 9 years | $-1,199 |
| 11 years | $1,477 |
| 13 years | $4,153 |
| 15 years | $6,830 |
| 17 years | $9,506 |
| 19 years | $12,183 |
| 21 years | $14,859 |
| 23 years | $17,535 |
| 25 years | $20,212 |
Top Solar Installers in South Point
Installing solar panels on your own can be a dangerous project, which is why hiring a solar installation company is a good option for many homeowners. The payback period on a solar system will vary depending on factors like your roof configuration and energy needs, but working with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in South Point
Factors that Affect Solar Panel Costs in South Point
For many South Point homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in South Point, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need, 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. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, like 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 too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. Although solar loans make adopting solar energy more accessible for South Point homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you select will affect your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $15,976 | 10.3 years |
| 8 kW | $2.61 | $14,623 | $21,588 | 10.1 years |
| 10 kW | $2.56 | $17,920 | $27,343 | 9.9 years |
| 12 kW | $2.51 | $21,074 | $33,242 | 9.7 years |
| 14 kW | $2.46 | $24,084 | $39,284 | 9.5 years |
| 16 kW | $2.41 | $26,952 | $45,470 | 9.3 years |
| 18 kW | $2.36 | $29,676 | $51,798 | 9.1 years |
| 20 kW | $2.30 | $32,256 | $58,271 | 8.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one indication of a quality company.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: The brand of solar panel you'd like plays a part in which company you should choose, since different companies provide different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's South Point, OH Solar Cost FAQs
What is the average cost of installing solar panels in South Point?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in South Point?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is it worth going solar in South Point?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs 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 install between 20 and 35 panels to account for 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.