Solar Panel Cost Guide in Tate, OH (2024 Update)
- Tate Solar Installation Cost: $17,585
- 25-Year Savings: $12,146
- Payback Period: 17.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Tate
Let’s have a look at the average cost of solar panels in Tate.
The national average cost of solar panels is $2.66 per watt, but in Tate it’s 3 per watt.To cover the typical energy needs of the average home in Tate, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,585, or $25,147 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and the cost of going solar for you will most likely look different based on your specific situation and what company you go with.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Tate can save about $13,000 on their energy bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in your area for a customized estimate.
Solar savings over time in Tate
| Year | Return on Investment |
|---|---|
| 1 years | $-16,420 |
| 3 years | $-14,090 |
| 5 years | $-11,760 |
| 7 years | $-9,430 |
| 9 years | $-7,100 |
| 11 years | $-4,770 |
| 13 years | $-2,440 |
| 15 years | $-110 |
| 17 years | $2,220 |
| 19 years | $4,550 |
| 21 years | $6,880 |
| 23 years | $9,210 |
| 25 years | $11,540 |
Top Solar Installers in Tate
Many homeowners opt for a solar installation company since trying to install solar panels by yourself can be hard. Another good thing about going with a top solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
Working with a licensed solar installer can help you make the most of your investment in solar. 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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Tate
Factors that Affect Solar Panel Costs in Tate
There are a number of criteria that can influence your total 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
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you pick will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.The company’s size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $5,749 | 18.0 years |
| 8 kW | $3.48 | $19,478 | $8,047 | 17.7 years |
| 10 kW | $3.41 | $23,870 | $10,537 | 17.3 years |
| 12 kW | $3.34 | $28,071 | $13,217 | 17.0 years |
| 14 kW | $3.27 | $32,081 | $16,088 | 16.7 years |
| 16 kW | $3.21 | $35,900 | $19,150 | 16.3 years |
| 18 kW | $3.14 | $39,529 | $22,403 | 16.0 years |
| 20 kW | $3.07 | $42,966 | $25,847 | 15.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Tate, OH Solar Cost FAQs
How much does it cost to install solar panels in Tate?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 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 above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Tate is currently $245,711, so you could be looking at a value of about $10,074 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Tate is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 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.