Solar Panel Cost Guide in Tiffin, OH (Mar 2023)
- Tiffin Solar Installation Cost: $13,350
- 25-Year Savings: $16,453
- Payback Period: 11.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Tiffin
Find out what the average cost of installing solar panels is in Tiffin.
In Tiffin, solar panels cost about 2.56 per watt on average. The average Tiffin homeowner needs a 7.5-kilowatt system, which would cost about $13,350 with the federal tax credit, or $19,090 before the 30% tax credit is applied.
The true cost of your system can be higher or lower than the average in Tiffin depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire. Many homeowners find adopting solar power is a sound investment. The average homeowner in Tiffin can save about $15,000 on their electricity bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in Tiffin for a personalized quote.
Solar savings over time in Tiffin
| Year | Return on Investment |
|---|---|
| 1 years | $-12,158 |
| 3 years | $-9,774 |
| 5 years | $-7,390 |
| 7 years | $-5,005 |
| 9 years | $-2,621 |
| 11 years | $-237 |
| 13 years | $2,147 |
| 15 years | $4,532 |
| 17 years | $6,916 |
| 19 years | $9,300 |
| 21 years | $11,685 |
| 23 years | $14,069 |
| 25 years | $16,453 |
Top Solar Installers in Tiffin
Putting up solar panels yourself can be a stressful task, which is why getting a solar installer is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you choose which one will be best for your home.
If you're on the hunt for a solar company in Tiffin, we've compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 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 most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, 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 nearly $2,560. There are a lot of different solar panel brands and the one you choose also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Tiffin, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Tiffin, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Tiffin know more about local solar incentives and can help you make good use 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 help you save 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 | $12,830 | 11.6 years |
| 8 kW | $2.61 | $14,623 | $17,393 | 11.4 years |
| 10 kW | $2.56 | $17,920 | $22,100 | 11.2 years |
| 12 kW | $2.51 | $21,074 | $26,950 | 11.0 years |
| 14 kW | $2.46 | $24,084 | $31,943 | 10.7 years |
| 16 kW | $2.41 | $26,952 | $37,080 | 10.5 years |
| 18 kW | $2.36 | $29,676 | $42,360 | 10.3 years |
| 20 kW | $2.30 | $32,256 | $47,784 | 10.1 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 difficult, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project timeline incentives and warranties.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one mark of a good company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Tiffin, OH Solar Cost FAQs
What is the average cost of installing solar panels in Tiffin?
The average cost of solar panels in Tiffin is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Tiffin is currently $115,500, which means you can look forward to a value of about $4,736 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Tiffin is a rewarding investment.
How long do solar panels last in Tiffin?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.