Solar Panel Cost Guide in Steubenville, OH (2023 Update)
- Steubenville Solar Installation Cost: $13,925
- 25-Year Savings: $15,829
- Payback Period: 11.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Steubenville
Find out how much it might cost to switch to solar power in Steubenville.
In Steubenville, solar panels cost about 2.56 per watt on average. The average Steubenville homeowner needs a 7.8-kilowatt system, which would cost about $13,924 with the federal tax credit, or $19,911 before the 30% tax credit is applied.
These figures are just estimates, and your own solar costs will most likely differ based on your energy needs and what company you want to go with. Many homeowners find going solar is a rewarding investment. The average homeowner in Steubenville can save around $15,000 on their electricity bills over 20 years.
Click the button below to get connected to a top solar panel company in Steubenville for a customized estimate.
Solar savings over time in Steubenville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,593 |
| 3 years | $-9,929 |
| 5 years | $-7,265 |
| 7 years | $-4,601 |
| 9 years | $-1,936 |
| 11 years | $728 |
| 13 years | $3,392 |
| 15 years | $6,056 |
| 17 years | $8,720 |
| 19 years | $11,384 |
| 21 years | $14,048 |
| 23 years | $16,712 |
| 25 years | $19,376 |
Top Solar Installers in Steubenville
When making the switch to solar, many homeowners choose to go with a solar installer since overseeing your solar installation yourself can be a challenging project. A solar installer can also help save you money in the long run by offering warranties, repairs and system component replacements.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
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 Steubenville
Factors that Affect Solar Panel Costs in Steubenville
There are several factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,560. There are a lot of different solar panel brands and the one you choose also changes the cost. In many cases, 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 only 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 power bills over time, but they can also be a big investment. That's why many Steubenville homeowners choose to finance their solar panel systems to offset upfront costs. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Steubenville, you'll have many options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices because of their larger 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 | $11,793 | 12.2 years |
| 8 kW | $2.61 | $14,623 | $16,010 | 11.9 years |
| 10 kW | $2.56 | $17,920 | $20,371 | 11.7 years |
| 12 kW | $2.51 | $21,074 | $24,875 | 11.5 years |
| 14 kW | $2.46 | $24,084 | $29,523 | 11.2 years |
| 16 kW | $2.41 | $26,952 | $34,314 | 11.0 years |
| 18 kW | $2.36 | $29,676 | $39,248 | 10.8 years |
| 20 kW | $2.30 | $32,256 | $44,326 | 10.5 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Reputation: Your solar installer should have a good 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.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Steubenville, OH Solar Cost FAQs
What is the average cost of installing solar panels in Steubenville?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally 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 more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Steubenville?
Solar panels aren't free in Steubenville, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Steubenville is currently $95,241, so you could be looking at a value of about $3,905 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Steubenville is a worthwhile investment.
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 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 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.