Solar Panel Cost Guide in Twin, OH (2023 Update)
- Twin Solar Installation Cost: $13,404
- 25-Year Savings: $13,722
- Payback Period: 12.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Twin
See how much it might cost to make the switch to solar in Twin.
Although the national average of solar panels is $2.66 per watt, solar panels in Twin generally cost about 2.56. Because a 7.5-kW system is needed to cover the energy usage of a typical home in Twin, the average price of going solar will be about $13,404 after claiming the federal solar tax credit of 30%.
These figures are just averages, and your own solar costs will differ based on factors unique to your home and what company you go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Twin can save about $14,000 on their electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Twin
| Year | Return on Investment |
|---|---|
| 1 years | $-12,319 |
| 3 years | $-10,149 |
| 5 years | $-7,979 |
| 7 years | $-5,809 |
| 9 years | $-3,639 |
| 11 years | $-1,469 |
| 13 years | $702 |
| 15 years | $2,872 |
| 17 years | $5,042 |
| 19 years | $7,212 |
| 21 years | $9,382 |
| 23 years | $11,552 |
| 25 years | $13,722 |
Top Solar Installers in Twin
Trying to install solar panels on your own can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. The expertise that solar installers provide can be invaluable as well, particularly if you aren't sure what type of solar equipment you need.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Twin
Factors that Affect Solar Panel Costs in Twin
Though the average cost of a solar system in Twin is $13,404, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar system you need for your home, 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 about $2,560. The kind of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Twin homeowners choose to finance their solar panel systems to make paying for solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can play a part in determining your pricing. Twin's solar companies all have different labor costs and add varying upcharges to 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 promotions to compete with those major players.
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 select the right company for you, here are some tips to keep in mind:
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: The model of solar panel you need to install plays a part in which installer you should opt for, since different companies have different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable 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 satisfied reviews from past customers.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 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 $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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly 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 my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Twin is currently $138,616, which means you can look forward to a value of about $5,683 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Twin is a fruitful investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.