Solar Panel Cost Guide in Wilmington, OH (Feb 2023)
- Wilmington Solar Installation Cost: $13,279
- 25-Year Savings: $9,198
- Payback Period: 14.8 Years
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Top Solar Installers in Wilmington
Although you can install solar panels by yourself, it requires extra energy and expertise. That's why almost all homeowners choose a solar panel installer. Some solar companies, especially local ones, can help you take advantage of incentives in Wilmington, optimizing your ROI.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Wilmington
Factors that Affect Solar Panel Costs in Wilmington
Even though the average cost of a solar system in Wilmington is $13,279, your final cost may be above or below the average. 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.
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Wilmington. The brand and type of equipment you get 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular choice because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can impact your pricing. Wilmington's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Wilmington are more knowledgeable about local solar incentives and can help you make good use of 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||$7,022||15.4 years|
|8 kW||$2.61||$14,623||$9,649||15.1 years|
|10 kW||$2.56||$17,920||$12,419||14.8 years|
|12 kW||$2.51||$21,074||$15,333||14.5 years|
|14 kW||$2.46||$24,084||$18,391||14.2 years|
|16 kW||$2.41||$26,952||$21,591||13.9 years|
|18 kW||$2.36||$29,676||$24,935||13.6 years|
|20 kW||$2.30||$32,256||$28,423||13.3 years|
How to Save on Solar Panels
There are a large number of companies available in Wilmington, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
EcoWatch's Wilmington, OH Solar Cost FAQs
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.