Solar Panel Cost Guide in Twin, OH (2023 Update)
- Twin Solar Installation Cost: $13,396
- 25-Year Savings: $13,731
- Payback Period: 12.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Twin
Find out what the average cost of installing solar panels is in Twin.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Twin, the average cost of solar panels is 2.56 per watt. The average solar panel system size in Twin is around 7.5 kilowatts, meaning a cost of about $13,404 for a solar installation, or $19,168 before the 30% federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Twin depending on a variety of factors, such as the type of solar panels you choose and the solar installer you hire. Many homeowners find going solar is a sound investment. The average homeowner in Twin can save about $14,000 on their electricity bills over 20 years.
Click the button below to get connected to a highly rated solar company in your area for a personalized estimate.
Solar savings over time in Twin
| Year | Return on Investment |
|---|---|
| 1 years | $-12,378 |
| 3 years | $-10,341 |
| 5 years | $-8,305 |
| 7 years | $-6,268 |
| 9 years | $-4,231 |
| 11 years | $-2,195 |
| 13 years | $-158 |
| 15 years | $1,878 |
| 17 years | $3,915 |
| 19 years | $5,952 |
| 21 years | $7,988 |
| 23 years | $10,025 |
| 25 years | $12,061 |
Top Solar Installers in Twin
Many homeowners opt for a solar panel installer since trying to put up solar panels on your own can be a lot of work. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be right for you.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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
Even though the average cost of a solar system in Twin is $13,404, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of solar panels in Twin, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by about $2,560 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a 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 more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid option because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Twin is the company you get to install your PV system. As with choosing a company to build a deck or pool, for example, you'll have many options for solar installers that offer a range of services for different budgets. Additionally, some companies in Twin are more knowledgeable about local solar incentives and can help you learn about 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 | $2.66 | $11,182 | $10,590 | 12.8 years |
| 8 kW | $2.61 | $14,623 | $14,407 | 12.6 years |
| 10 kW | $2.56 | $17,920 | $18,367 | 12.3 years |
| 12 kW | $2.51 | $21,074 | $22,471 | 12.1 years |
| 14 kW | $2.46 | $24,084 | $26,718 | 11.9 years |
| 16 kW | $2.41 | $26,952 | $31,108 | 11.6 years |
| 18 kW | $2.36 | $29,676 | $35,641 | 11.4 years |
| 20 kW | $2.30 | $32,256 | $40,318 | 11.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Different companies carry different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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 $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Twin?
A solar panel system isn't free in Twin, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is switching to solar power worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 account for 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.