Solar Panel Cost Guide in Vandalia, OH (2023 Update)
- Vandalia Solar Installation Cost: $13,449
- 25-Year Savings: $14,986
- Payback Period: 11.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Vandalia
Find out what the average cost of solar panel installation is in Vandalia.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Vandalia, the average cost of solar panels is 2.56 per watt. The average solar panel system size in Vandalia is around 7.5 kilowatts, meaning a cost of about $13,458 for a solar installation, or $19,245 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Vandalia can save about $14,000 on their power bills over 20 years.
To get a free estimate from a pre-vetted solar installer in Vandalia, you can click the button below.
Solar savings over time in Vandalia
| Year | Return on Investment |
|---|---|
| 1 years | $-12,431 |
| 3 years | $-10,394 |
| 5 years | $-8,358 |
| 7 years | $-6,321 |
| 9 years | $-4,285 |
| 11 years | $-2,248 |
| 13 years | $-211 |
| 15 years | $1,825 |
| 17 years | $3,862 |
| 19 years | $5,898 |
| 21 years | $7,935 |
| 23 years | $9,972 |
| 25 years | $12,008 |
Top Solar Installers in Vandalia
Putting up solar panels on your own can be a dangerous task, which is why getting a solar installation company is a good option for many homeowners. Plus, if you aren't sure what brand of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Vandalia
Factors that Affect Solar Panel Costs in Vandalia
While the average cost of a solar system in Vandalia is $13,458, your actual cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar energy system you need, 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 around $2,560. The model of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You'll also need to make decisions 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Vandalia to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Vandalia, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk 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 | $2.66 | $11,182 | $11,550 | 12.3 years |
| 8 kW | $2.61 | $14,623 | $15,687 | 12.1 years |
| 10 kW | $2.56 | $17,920 | $19,968 | 11.8 years |
| 12 kW | $2.51 | $21,074 | $24,391 | 11.6 years |
| 14 kW | $2.46 | $24,084 | $28,958 | 11.4 years |
| 16 kW | $2.41 | $26,952 | $33,668 | 11.1 years |
| 18 kW | $2.36 | $29,676 | $38,522 | 10.9 years |
| 20 kW | $2.30 | $32,256 | $43,519 | 10.6 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Solar Panel Brands: The type of solar panel you need to install plays a role in which company you should go with, since different companies offer different panels.
- Contract: It's important to look over 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 project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Vandalia, OH Solar Cost FAQs
How much does it cost to install solar panels in Vandalia?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Vandalia have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a 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 install 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.