Solar Panel Cost Guide in Tiffin, OH (2024 Update)
- Tiffin Solar Installation Cost: $17,776
- 25-Year Savings: $16,458
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Tiffin
We go over average solar pricing in Tiffin.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Tiffin, the typical cost of solar panels is 3 per watt.Because a 7.4-kW system is needed to cover the energy consumption of a typical home in Tiffin, the average price of going solar will be about $17,776 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Tiffin homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $15,000 on power bills over 20 years, many homeowners in Tiffin find going solar can pay off big.
Click the button below to get connected to a vetted solar panel company in Tiffin for a personalized estimate.
Solar savings over time in Tiffin
| Year | Return on Investment |
|---|---|
| 1 years | $-16,444 |
| 3 years | $-13,780 |
| 5 years | $-11,116 |
| 7 years | $-8,452 |
| 9 years | $-5,788 |
| 11 years | $-3,124 |
| 13 years | $-460 |
| 15 years | $2,204 |
| 17 years | $4,868 |
| 19 years | $7,532 |
| 21 years | $10,196 |
| 23 years | $12,860 |
| 25 years | $15,524 |
Top Solar Installers in Tiffin
Many homeowners opt for a solar installer since trying to install solar panels yourself can be a labor-intensive endeavor. Plus, if you aren’t sure what brand of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
You can get a free estimate from a local solar installer 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 Tiffin
Factors that Affect Solar Panel Costs in Tiffin
The cost of installing a solar system in Tiffin can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.The brand and type of equipment you choose 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 have a higher price tag 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. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Tiffin provide solar loans, which reduce the initial cost of installing solar.Even though solar loans make switching to solar energy more accessible for Tiffin 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 company you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Tiffin, and each can charge different amounts for labor and equipment.Additionally, some companies in Tiffin are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $3.55 | $14,895 | $9,117 | 15.5 years |
| 8 kW | $3.48 | $19,478 | $12,538 | 15.2 years |
| 10 kW | $3.41 | $23,870 | $16,150 | 14.9 years |
| 12 kW | $3.34 | $28,071 | $19,953 | 14.6 years |
| 14 kW | $3.27 | $32,081 | $23,947 | 14.3 years |
| 16 kW | $3.21 | $35,900 | $28,131 | 14.0 years |
| 18 kW | $3.14 | $39,529 | $32,507 | 13.7 years |
| 20 kW | $3.07 | $42,966 | $37,074 | 13.4 years |
How to Save on Solar Panels
There are many companies available in Tiffin, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- 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 support, such as part repairs and replacements.
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Tiffin, OH Solar Cost FAQs
How much does it cost to install solar panels in Tiffin?
This is a hard question to answer precisely, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Tiffin?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Tiffin?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.