Solar Panel Cost Guide in Hobart, OK (Mar 2023)
- Hobart Solar Installation Cost: $14,837
- 25-Year Savings: $26,461
- Payback Period: 9.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hobart
Let's have a look at the average cost of solar panels in Hobart.
While the national average of solar panels is $2.66 per watt, solar panels in Hobart typically cost about 2.62. The average Hobart homeowner needs a 8.1-kilowatt system, which would cost about $14,837 with the federal tax credit, or $21,217 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what company you go with. But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $19,000 over 20 years on power bills.
You can click the button below to get connected with a pre-vetted solar company in Hobart for a quote for your home.
Solar savings over time in Hobart
| Year | Return on Investment |
|---|---|
| 1 years | $-13,185 |
| 3 years | $-9,881 |
| 5 years | $-6,577 |
| 7 years | $-3,273 |
| 9 years | $30 |
| 11 years | $3,334 |
| 13 years | $6,638 |
| 15 years | $9,942 |
| 17 years | $13,246 |
| 19 years | $16,550 |
| 21 years | $19,854 |
| 23 years | $23,158 |
| 25 years | $26,461 |
Top Solar Installers in Hobart
Installing solar panels on your own can be a difficult task, which is why hiring a solar installation company is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
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
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 Hobart
Factors that Affect Solar Panel Costs in Hobart
There are a number of criteria that can determine your solar system 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
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,620. The type of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Hobart provide solar loans, which reduce the initial cost of installing a solar system. Though solar loans make going solar more accessible for Hobart homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $2.72 | $11,444 | $19,189 | 9.3 years |
| 8 kW | $2.67 | $14,965 | $25,879 | 9.2 years |
| 10 kW | $2.62 | $18,340 | $32,715 | 9.0 years |
| 12 kW | $2.57 | $21,568 | $39,698 | 8.8 years |
| 14 kW | $2.52 | $24,649 | $46,828 | 8.6 years |
| 16 kW | $2.46 | $27,583 | $54,105 | 8.4 years |
| 18 kW | $2.41 | $30,371 | $61,528 | 8.3 years |
| 20 kW | $2.36 | $33,012 | $69,098 | 8.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies carry various brands and types of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Contract: Before you sign a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Hobart, OK Solar Cost FAQs
What is the average cost of installing solar panels in Hobart?
The average cost of solar panels in Hobart is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Hobart?
A solar panel system isn't free in Hobart, 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 further reduce the cost.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,021.10 per year.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.