Solar Panel Cost Guide in Xenia, OH (2024 Update)
- Xenia Solar Installation Cost: $17,757
- 25-Year Savings: $10,466
- Payback Period: 18.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Xenia
We break down average solar pricing in Xenia.
While the national average of solar panels is $2.66 per watt, solar panels in Xenia typically cost about 3.To account for the typical energy usage of the average home in Xenia, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,757, or $25,393 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and your own solar costs will look different based on your energy needs and what company you choose to go with.With average savings of about $12,000 on power bills over 20 years, many homeowners in Xenia find installing solar panels can pay off big.
Click the button below to get connected to a top solar company in Xenia for a personalized estimate.
Solar savings over time in Xenia
| Year | Return on Investment |
|---|---|
| 1 years | $-16,739 |
| 3 years | $-14,702 |
| 5 years | $-12,665 |
| 7 years | $-10,629 |
| 9 years | $-8,592 |
| 11 years | $-6,556 |
| 13 years | $-4,519 |
| 15 years | $-2,482 |
| 17 years | $-446 |
| 19 years | $1,591 |
| 21 years | $3,627 |
| 23 years | $5,664 |
| 25 years | $7,700 |
Top Solar Installers in Xenia
Trying to install solar panels by yourself can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar installers provide can be helpful as well, particularly if you don’t quite know what brand of solar equipment would be right for your home.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Xenia
Factors that Affect Solar Panel Costs in Xenia
There are several criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy 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 $3,410 per kilowatt in Xenia.The type of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Xenia, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.When trying to figure 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
Finally, the company you hire to install your solar panels can play a role in determining your pricing. Xenia’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $4,299 | 19.4 years |
| 8 kW | $3.48 | $19,478 | $6,113 | 19.0 years |
| 10 kW | $3.41 | $23,870 | $8,119 | 18.7 years |
| 12 kW | $3.34 | $28,071 | $10,316 | 18.3 years |
| 14 kW | $3.27 | $32,081 | $12,703 | 17.9 years |
| 16 kW | $3.21 | $35,900 | $15,282 | 17.5 years |
| 18 kW | $3.14 | $39,529 | $18,052 | 17.2 years |
| 20 kW | $3.07 | $42,966 | $21,012 | 16.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Xenia, OH Solar Cost FAQs
What is the average cost of installing solar panels in Xenia?
The average cost of solar panels in Xenia is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Xenia have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 larger amount 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.