Solar Panel Cost Guide in Twin, OH (2024 Update)

  • Twin Solar Installation Cost: $17,844
  • 25-Year Savings: $13,731
  • Payback Period: 16.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Twin

Let’s have a look at the average cost of solar in Twin.

The average cost of a solar panel system in Twin is 3 per watt.To cover the typical energy usage of the average home in Twin, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,844, or $25,517 before the federal solar tax credit of 0 is applied.

The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary quite a bit based on several factors, such as what size system you need, your energy usage and what solar installer you go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $14,000 over 20 years on power bills.

To see your potential savings and connect with a local solar installer, 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

When going solar, many homeowners opt to go with a solar company since handling can be a difficult project. Another good thing about going with a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.

If you’d like to switch to solar energy but still aren’t certain which solar installer to go with, here are our suggestions for providers in Twin:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Twin

Factors that Affect Solar Panel Costs in Twin

The cost of installing a solar system in Twin can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer 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 significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,410. The type of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.

Solar Financing Terms

Most solar installers in Twin offer solar loans, which reduce the initial cost of installing solar panels.Although solar loans make switching to solar energy more accessible for Twin homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The last major cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Twin, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 $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 solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:

  • Solar Panel Brands: The type of solar panel you want to install plays a part in which installer you should opt for, since different companies have access to different panels.
  • Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
  • Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Warranty: If you’re worried about the endurance of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Twin, OH Solar Cost FAQs

What is the average cost of installing 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 like the kind of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider apart 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.

How will solar panels impact the value of my home?

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 Twin is currently $165,441, which means you can expect a value of about $6,783 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Twin is a worthwhile investment.

How often do you have to replace solar panels?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.

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