Solar Panel Cost Guide in Ranson, WV (2025 Update)
- Ranson Solar Installation Cost: $25,705
- 25-Year Savings: $28,042
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Ranson
Find out how much it might cost to go solar in Ranson.
In Ranson, solar panels cost about 3 per watt on average.To account for the typical energy needs of the average home in Ranson, most homeowners require a 10.8-kilowatt system. Using the figure above, a solar installation costs about $25,705, or $36,758 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in Ranson find investing in solar can pay off big.
You can click the button below to get connected with a vetted solar company in Ranson for a quote for your home.
Solar savings over time in Ranson
| Year | Return on Investment |
|---|---|
| 1 years | $-24,276 |
| 3 years | $-21,417 |
| 5 years | $-18,558 |
| 7 years | $-15,699 |
| 9 years | $-12,840 |
| 11 years | $-9,981 |
| 13 years | $-7,122 |
| 15 years | $-4,263 |
| 17 years | $-1,404 |
| 19 years | $1,455 |
| 21 years | $4,314 |
| 23 years | $7,173 |
| 25 years | $10,031 |
Top Solar Installers in Ranson
When switching to solar energy, many homeowners decide to use a solar company since overseeing your solar installation yourself can be a time-consuming project. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Ranson
Factors that Affect Solar Panel Costs in Ranson
There are a number of factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional 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 power bills over many years, but they can also be a big investment. That’s why many Ranson homeowners opt to finance their solar panel systems to make going solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Ranson, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk 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 | $3.53 | $14,808 | $11,812 | 13.9 years |
| 8 kW | $3.46 | $19,364 | $16,130 | 13.6 years |
| 10 kW | $3.39 | $23,730 | $20,637 | 13.4 years |
| 12 kW | $3.32 | $27,906 | $25,334 | 13.1 years |
| 14 kW | $3.25 | $31,893 | $30,220 | 12.8 years |
| 16 kW | $3.19 | $35,690 | $35,297 | 12.6 years |
| 18 kW | $3.12 | $39,297 | $40,563 | 12.3 years |
| 20 kW | $3.05 | $42,714 | $46,019 | 12.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: The model of solar panel you need plays a role in which installer you should go with, since different companies offer different panels.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
EcoWatch's Ranson, WV Solar Cost FAQs
How much does it cost to install solar panels in Ranson?
The average cost of solar panels in Ranson is about $16,950 for a 5-kW system and $33,900 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Ranson?
You can’t get solar panels for free in Ranson. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ranson is currently $253,035, which means you can expect a value of about $10,374 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Ranson is a fruitful investment.
How long do solar panels last in Ranson?
On average, the lifespan of solar panels is 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 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.