Solar Panel Cost Guide in Wapakoneta, OH (2024 Update)
- Wapakoneta Solar Installation Cost: $18,045
- 25-Year Savings: $18,264
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Wapakoneta
See how much it might cost to switch to solar power in Wapakoneta.
While the national average of solar panels is $2.66 per watt, solar panels in Wapakoneta typically cost about 3.The average Wapakoneta homeowner needs a 7.6-kilowatt system, which would cost about $18,045 with the federal tax credit, or $25,804 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Wapakoneta homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing solar panels is a sound investment. The average homeowner in Wapakoneta can save about $16,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Wapakoneta for a quote for your home.
Solar savings over time in Wapakoneta
| Year | Return on Investment |
|---|---|
| 1 years | $-17,027 |
| 3 years | $-14,990 |
| 5 years | $-12,954 |
| 7 years | $-10,917 |
| 9 years | $-8,880 |
| 11 years | $-6,844 |
| 13 years | $-4,807 |
| 15 years | $-2,771 |
| 17 years | $-734 |
| 19 years | $1,303 |
| 21 years | $3,339 |
| 23 years | $5,376 |
| 25 years | $7,412 |
Top Solar Installers in Wapakoneta
Installing solar panels yourself can be a challenging undertaking, which is why using a solar installer is a good option for many homeowners. Another great thing about going with a top solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
Working with a vetted solar installer can help you make the most of your investment in solar. 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 Wapakoneta
Factors that Affect Solar Panel Costs in Wapakoneta
There are several factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,410.There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Wapakoneta offer solar loans, which reduce your upfront costs of installing a solar system.Although solar loans make adopting solar energy more accessible for Wapakoneta 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 put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Wapakoneta, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $10,353 | 14.7 years |
| 8 kW | $3.48 | $19,478 | $14,186 | 14.5 years |
| 10 kW | $3.41 | $23,870 | $18,210 | 14.2 years |
| 12 kW | $3.34 | $28,071 | $22,424 | 13.9 years |
| 14 kW | $3.27 | $32,081 | $26,830 | 13.6 years |
| 16 kW | $3.21 | $35,900 | $31,427 | 13.3 years |
| 18 kW | $3.14 | $39,529 | $36,215 | 13.0 years |
| 20 kW | $3.07 | $42,966 | $41,193 | 12.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Wapakoneta, OH Solar Cost FAQs
How much does it cost to install solar panels in Wapakoneta?
The average cost of solar panels in Wapakoneta is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the type 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 definitely 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 your home value remarkably as long as you buy or finance your panels and don’t opt for 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 a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 buy 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.