Solar Panel Cost Guide in Xenia, OH (2023 Update)
- Xenia Solar Installation Cost: $13,331
- 25-Year Savings: $10,466
- Payback Period: 14.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Xenia
We go over average solar pricing in Xenia.
Although the national average of solar panels is $2.66 per watt, solar panels in Xenia generally cost around 2.56. The average Xenia homeowner needs a 7.4-kilowatt system, which would cost about $13,332 with the federal tax credit, or $19,065 before the 30% tax credit is applied.
These figures are only estimates, and your own solar costs will most likely look different based on factors unique to your home and what company you choose to go with. Even with the significant initial cost, the average Xenia homeowner can save about $12,000 on their power bills over 20 years, which is one of the advantages of solar.
To get a free quote from a highly rated solar company in Xenia, you can click the button below.
Solar savings over time in Xenia
| Year | Return on Investment |
|---|---|
| 1 years | $-13,251 |
| 3 years | $-13,093 |
| 5 years | $-12,934 |
| 7 years | $-12,775 |
| 9 years | $-12,617 |
| 11 years | $-12,458 |
| 13 years | $-12,300 |
| 15 years | $-12,141 |
| 17 years | $-11,982 |
| 19 years | $-11,824 |
| 21 years | $-11,665 |
| 23 years | $-11,506 |
| 25 years | $-11,348 |
Top Solar Installers in Xenia
Many homeowners choose to hire a solar panel company since installing solar panels on your own can be hard. Also, companies with a good reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Xenia
Factors that Affect Solar Panel Costs in Xenia
The cost of installing a solar system in Xenia can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to greater 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
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Xenia homeowners choose to finance their solar panel systems to offset upfront costs. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can influence the cost. Xenia's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $8,011 | 14.6 years |
| 8 kW | $2.61 | $14,623 | $10,969 | 14.3 years |
| 10 kW | $2.56 | $17,920 | $14,069 | 14.0 years |
| 12 kW | $2.51 | $21,074 | $17,313 | 13.7 years |
| 14 kW | $2.46 | $24,084 | $20,700 | 13.4 years |
| 16 kW | $2.41 | $26,952 | $24,231 | 13.2 years |
| 18 kW | $2.36 | $29,676 | $27,905 | 12.9 years |
| 20 kW | $2.30 | $32,256 | $31,722 | 12.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Xenia, OH Solar Cost FAQs
What is the average cost of installing solar panels in Xenia?
This is a tough question to answer exactly, 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 more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Xenia?
A solar panel system isn't free in Xenia, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Xenia?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Xenia?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.