Solar Panel Cost Guide in Willard, OH (2023 Update)
- Willard Solar Installation Cost: $12,419
- 25-Year Savings: $18,037
- Payback Period: 10.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Willard
Let's take a look at the average cost of solar panels in Willard.
Although the national average of solar panels is $2.66 per watt, solar panels in Willard typically cost about 2.56. Using this figure, a typical 6.9-kW system would cost about $12,419 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of solar panels you want, your solar contractor and more. Many homeowners find going solar is a sound investment. The average homeowner in Willard can save around $17,000 on their energy bills over 20 years.
To get a free quote from a pre-vetted solar installer in Willard, you can click the button below.
Solar savings over time in Willard
| Year | Return on Investment |
|---|---|
| 1 years | $-11,200 |
| 3 years | $-8,764 |
| 5 years | $-6,327 |
| 7 years | $-3,891 |
| 9 years | $-1,454 |
| 11 years | $982 |
| 13 years | $3,418 |
| 15 years | $5,855 |
| 17 years | $8,291 |
| 19 years | $10,728 |
| 21 years | $13,164 |
| 23 years | $15,601 |
| 25 years | $18,037 |
Top Solar Installers in Willard
When switching to solar energy, many homeowners decide to use a solar installer since handling can be a difficult project. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be best for your home.
If you're on the hunt for a solar company in Willard, we've organized a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Willard
Factors that Affect Solar Panel Costs in Willard
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Willard: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Willard. There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose 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
If paying for a solar system in cash is too expensive, solar loans are a popular option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Willard is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services at different costs. Additionally, some companies in Willard 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 | $15,205 | 10.6 years |
| 8 kW | $2.61 | $14,623 | $20,560 | 10.4 years |
| 10 kW | $2.56 | $17,920 | $26,058 | 10.2 years |
| 12 kW | $2.51 | $21,074 | $31,700 | 10.0 years |
| 14 kW | $2.46 | $24,084 | $37,485 | 9.8 years |
| 16 kW | $2.41 | $26,952 | $43,413 | 9.6 years |
| 18 kW | $2.36 | $29,676 | $49,485 | 9.4 years |
| 20 kW | $2.30 | $32,256 | $55,700 | 9.2 years |
How to Save on Solar Panels
There are a large number of companies available in Willard, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Different companies offer different brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Willard, OH Solar Cost FAQs
How much does it cost to install solar panels in Willard?
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 higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power 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 how much 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 cover 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.