Solar Panel Cost Guide in Twin, OH (2025 Update)
- Twin Solar Installation Cost: $17,844
- 25-Year Savings: $13,731
- Payback Period: 16.4 Years
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Average Cost of Solar Panels in Twin
Let’s have a look at the average cost of solar in Twin.
In Twin, solar panels cost about 3 per watt on average.The average solar panel system size in Twin is around 7.5 kilowatts, meaning a cost of about $17,844 for a solar installation, or $25,517 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Twin 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.Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Twin can save around $14,000 on their electricity bills over 20 years.
To receive a free estimate from a highly rated solar installation company in Twin, you can click the button below.
Solar savings over time in Twin
| Year | Return on Investment |
|---|---|
| 1 years | $-16,826 |
| 3 years | $-14,789 |
| 5 years | $-12,752 |
| 7 years | $-10,716 |
| 9 years | $-8,679 |
| 11 years | $-6,643 |
| 13 years | $-4,606 |
| 15 years | $-2,569 |
| 17 years | $-533 |
| 19 years | $1,504 |
| 21 years | $3,540 |
| 23 years | $5,577 |
| 25 years | $7,613 |
Top Solar Installers in Twin
Although you can install solar panels yourself, it involves extra energy and handiness. Because of that, the majority of homeowners choose a solar panel installer. Another good thing about choosing a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
If you're looking for a solar company in Twin, the EcoWatch team has 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
See all of the solar companies in Twin
Factors that Affect Solar Panel Costs in Twin
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Twin: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,410. The type of solar equipment you choose can bring your price up or down 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. However, higher efficiency could save you more in the long run on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Twin average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Twin, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, including the amount of 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
Finally, the company you opt for to install your solar panel system can influence how much you pay. Twin’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Twin have more knowledge about local solar incentives and can help you learn about 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 | $3.55 | $14,895 | $6,877 | 17.1 years |
| 8 kW | $3.48 | $19,478 | $9,552 | 16.8 years |
| 10 kW | $3.41 | $23,870 | $12,417 | 16.4 years |
| 12 kW | $3.34 | $28,071 | $15,474 | 16.1 years |
| 14 kW | $3.27 | $32,081 | $18,721 | 15.8 years |
| 16 kW | $3.21 | $35,900 | $22,159 | 15.5 years |
| 18 kW | $3.14 | $39,529 | $25,788 | 15.1 years |
| 20 kW | $3.07 | $42,966 | $29,608 | 14.8 years |
How to Save on Solar Panels
There are many companies to choose from in Twin, 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:
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of 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 past customers.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: If you care about the longevity of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Twin, OH Solar Cost FAQs
How much does it cost to install solar panels in Twin?
The average cost of solar panels in Twin is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly 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 the value of your home?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Twin?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable 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 after having 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.