Solar Panel Cost Guide in Worthington, OH (Mar 2023)
- Worthington Solar Installation Cost: $13,530
- 25-Year Savings: $19,331
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Worthington
Let's have a look at the average cost of solar panels in Worthington.
The national average cost of solar panels is $2.66 per watt, but in Worthington it's 2.56 per watt. The average Worthington homeowner needs a 7.5-kilowatt system, which would cost about $13,530 with the federal tax credit, or $19,348 before the 30% tax credit is applied.
The actual price you pay can be above or below the average in Worthington based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire. With average savings of about $17,000 on utility bills over 20 years, many homeowners in Worthington find investing in solar can be quite rewarding.
You can click the button below to get connected with a top solar installer in Worthington that can help you get a more accurate cost estimate for your home.
Solar savings over time in Worthington
| Year | Return on Investment |
|---|---|
| 1 years | $-12,215 |
| 3 years | $-9,586 |
| 5 years | $-6,957 |
| 7 years | $-4,329 |
| 9 years | $-1,700 |
| 11 years | $929 |
| 13 years | $3,558 |
| 15 years | $6,187 |
| 17 years | $8,816 |
| 19 years | $11,445 |
| 21 years | $14,073 |
| 23 years | $16,702 |
| 25 years | $19,331 |
Top Solar Installers in Worthington
When making the switch to solar, many homeowners opt to use a solar company since overseeing your solar installation yourself can be a challenging project. Local solar companies can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Worthington
Factors that Affect Solar Panel Costs in Worthington
For many Worthington homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Worthington, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Worthington average.
Solar Financing Terms
Many homeowners find the average cost of solar in Worthington to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Worthington, and each can charge different amounts for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that provides the products, warranties and services you want and also fit into your budget.
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 | $14,943 | 10.7 years |
| 8 kW | $2.61 | $14,623 | $20,211 | 10.5 years |
| 10 kW | $2.56 | $17,920 | $25,623 | 10.3 years |
| 12 kW | $2.51 | $21,074 | $31,177 | 10.1 years |
| 14 kW | $2.46 | $24,084 | $36,875 | 9.9 years |
| 16 kW | $2.41 | $26,952 | $42,716 | 9.7 years |
| 18 kW | $2.36 | $29,676 | $48,701 | 9.5 years |
| 20 kW | $2.30 | $32,256 | $54,829 | 9.3 years |
How to Save on Solar Panels
There are numerous companies to choose from in Worthington, 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:
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. 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 (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Worthington, OH Solar Cost FAQs
How much does it cost to install solar panels in Worthington?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally 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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Worthington?
Solar panels aren't free in Worthington, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels eliminate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Worthington, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.