Ohio Energy Reporter

Cost considerations for installing home solar systems
Business
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Wm. Brett Burgett, President/Co-CEO, Kokosing, Inc. | https://kokosingsolar.com

One of the most common inquiries from individuals considering solar energy is the cost of installation. Despite advertisements suggesting $0 down and free installation, there are costs involved similar to purchasing a car with a loan. While upfront payments may not be required, ownership entails eventual payments for the solar panels.

The average cost for a home solar panel system is approximately $32,000 before incentives, reducing to $22,400 after applying the federal tax credit. In Ohio, typical solar prices range from $25,000 to $40,000 before tax credits. Prices can vary significantly based on factors such as energy usage and system size.

Solar systems are custom-designed according to individual needs. The overall price can range from $15,000 to $100,000 depending on specific requirements like batteries and budget. To obtain an accurate estimate, potential customers are encouraged to sign up for a free solar quote.

Solar Consultants offer guidance on options and financial calculations. Smart Solar Financing allows many clients to adopt solar with no initial payment and lower monthly expenses compared to previous electric bills.

System size is a key factor in determining cost; larger systems require more materials and labor but benefit from economies of scale by reducing the price per watt. Typically installed on rooftops, some rural customers opt for ground-mounted arrays due to land availability or shading issues. This choice increases project costs by 10-15% but may result in greater long-term savings through increased power generation.

Batteries are optional additions that enhance self-consumption or provide power during outages. While they add cost, they may align with goals related to energy resilience.

For those prioritizing system cost payback over other factors, batteries might not be necessary. However, exploring storage options could be beneficial if maintaining power during outages is important.

To start the evaluation process and receive a tailored quote, interested parties can contact Solar Consultants at 877-696-7652 or complete an online form.