Solar Panel Cost Guide in Woodville, OH (2023 Update)
- Woodville Solar Installation Cost: $13,512
- 25-Year Savings: $16,870
- Payback Period: 11.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Woodville
We break down average solar pricing in Woodville.
Although the national average of solar panels is $2.66 per watt, solar panels in Woodville generally cost around 2.56. To account for the typical energy usage of the average home in Woodville, most homeowners require a 7.5-kilowatt system. Using the figure above, a solar installation costs about $13,512, or $19,322 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of solar system you want, your solar contractor and more. But, after you've paid the upfront cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $15,000 over 20 years on electricity bills.
You can click the button below to get connected with a top solar company in Woodville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Woodville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,296 |
| 3 years | $-9,866 |
| 5 years | $-7,435 |
| 7 years | $-5,005 |
| 9 years | $-2,574 |
| 11 years | $-144 |
| 13 years | $2,287 |
| 15 years | $4,718 |
| 17 years | $7,148 |
| 19 years | $9,579 |
| 21 years | $12,009 |
| 23 years | $14,440 |
| 25 years | $16,870 |
Top Solar Installers in Woodville
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make converting to solar power much easier. The expertise that solar companies provide can be useful as well, especially if you aren't sure what kind of solar equipment you need.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Woodville:
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 Woodville
Factors that Affect Solar Panel Costs in Woodville
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Woodville: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
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 require 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 $2,560. The brand of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of 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 researching a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Woodville to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. However, the interest on solar loans also adds to your total costs, so it's important to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Woodville is the company you get to install your PV system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different price points. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger 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 | $13,009 | 11.6 years |
| 8 kW | $2.61 | $14,623 | $17,632 | 11.3 years |
| 10 kW | $2.56 | $17,920 | $22,399 | 11.1 years |
| 12 kW | $2.51 | $21,074 | $27,309 | 10.9 years |
| 14 kW | $2.46 | $24,084 | $32,362 | 10.7 years |
| 16 kW | $2.41 | $26,952 | $37,558 | 10.4 years |
| 18 kW | $2.36 | $29,676 | $42,898 | 10.2 years |
| 20 kW | $2.30 | $32,256 | $48,382 | 10.0 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Woodville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
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 Woodville, OH Solar Cost FAQs
What is the average cost of installing solar panels in Woodville?
The average cost of solar panels in Woodville 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 stuff 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 in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $806.38 per year.
How long do solar panels last in Woodville?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.