Solar Panel Cost Guide in Southington, OH (Feb 2023)
- Southington Solar Installation Cost: $14,085
- 25-Year Savings: $12,352
- Payback Period: 13.3 Years
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Top Solar Installers in Southington
Many homeowners choose to hire a solar panel installer since installing solar panels by yourself can be time-consuming. The expertise that solar companies offer can be valuable as well, particularly if you don't quite know what kind of solar equipment would be right for your home.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
See all of the solar companies in Southington
Factors that Affect Solar Panel Costs in Southington
There are several factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,560. The type of solar equipment you choose can increase or decrease your cost 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. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Southington average.
Solar Financing Terms
Many homeowners find the average cost of solar in Southington to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. Although solar loans make adopting solar energy more accessible for Southington homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Southington, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Southington are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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||$8,989||13.9 years|
|8 kW||$2.61||$14,623||$12,272||13.6 years|
|10 kW||$2.56||$17,920||$15,698||13.3 years|
|12 kW||$2.51||$21,074||$19,268||13.1 years|
|14 kW||$2.46||$24,084||$22,981||12.8 years|
|16 kW||$2.41||$26,952||$26,837||12.5 years|
|18 kW||$2.36||$29,676||$30,837||12.3 years|
|20 kW||$2.30||$32,256||$34,980||12.0 years|
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The kind of solar panel you want to install plays a role in which installer you should go with, since different companies provide different panels.
EcoWatch's Southington, 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.