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Best 3 Solar Companies in Newark, OH

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Written By Max Peterson | Last Updated: February 05, 2024

Newark homeowners are increasingly using solar panels to power their homes and heat their water. While going solar comes with upfront costs, local homeowners could ultimately save $880 per kilowatt on their electric bills. A professional technician can help you select the best panels to maximize your savings. On this page, we'll show you Newark's top solar contractors and give insightful advice for your solar journey.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
Most Reputable
4.4
  • Offers high-efficiency panels and storage options
  • Provides unique in-house financing options
  • Recognized as one of the most reputable solar companies

Top Newark Solar Companies

Paradise Energy Solutions Logo

Paradise Energy Solutions

4.7/5
Based on 18 customer reviews.

Services Offered

Battery Storage Residential Panels Maintenance Commercial Panels Consultation

Highlights

  • Free quotes
  • Informative resources
  • Reliable customer support
525 Belden Cir Ne, Sugarcreek, OH 330-852-4194 paradisesolarenergy.com
ARP Solar Logo

ARP Solar

4.3/5
Based on 19 customer reviews.

Services Offered

Tesla Powerwall Residential Panels Commercial Panels Maintenance

Highlights

  • Informative resources
  • Clear pricing policy
  • Reliable customer support
10131 Haga Ridge Rd, Stewart, OH 740-498-0498 arp-solar.com

Ranking Methodology

Our team used the following criteria to assess the best Newark solar companies.

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Facts about Newark
Average Max Temp: 60°F
Solar Payback Period: 13.1 years
Average Daily Sunlight: 52%
Homes Powered by Solar: 265
Average Annual Energy Bill: $1,332
Solar Power per Capita Percentile: 48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy provides multiple advantages that will enhance your home for years to come.

  • Reduced carbon footprint: Embracing solar is a surefire way to decrease your carbon footprint and home fossil fuel dependency.
  • Better energy independence: Solar energy can keep your home running through emergencies and blackouts. You can use your solar energy anytime with optional battery storage.
  • Lowered energy bills: You can dodge the expensive cost of grid-tied power by generating some electricity right where you use it.

What Solar Incentives Are Available to Newark Homeowners?

Ohio homeowners who go solar could qualify for special financing, tax credits, reimbursements and rebates. Here are just a few of the area's incentive offerings.

Incentive Type: Loan Program

Website: hamiltoncountyohio.gov

Incentive Amount:

$50,000

Incentive Type: PACE Financing

Incentive Amount:

Low-interest, 30-year loan

Incentive Type: Loan Program

Website: tos.ohio.gov

Incentive Amount:

Rate reduction available for up to $50,000 and 7 years of the bank loan

Incentive Type: Solar Renewable Energy Credit Program

Website: puco.ohio.gov

Incentive Amount:

SREC prices vary based on market conditions

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Newark

The purchase price and performance of solar panels often rely on which company installed them. Consider all of these criteria in your service provider search.

Licensing and Training

Ohio may require a solar company to hold a state contractors' license, but only for commercial work. For home solar panel installations, cities can establish their own licensing or regulatory requirements. Solar installers can also earn certifications from standards organizations and trade groups. The most respected ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Newark

The type of solar panels you choose determines how much power you can generate. Monocrystalline panels give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.

Additional accessories, such as electric vehicle (EV) chargers and battery storage, will add to your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar companies provide these extras, so look for a provider that sells them if it's important for you.

Generally speaking, it will cost about $17,050 for a five-kilowatt solar array in Newark. This table shows more specific pricing information for different solar panel types and system components in your area.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,168
Solar Polycrystalline $911
Thin-Film $533
Solar Battery $748
Solar Home EV Charger $2,804

Financing Solar Energy in Newark

There are numerous ways to pay for a new solar system, and the right one will minimize your overhead. A few of the most common options include leases, loans, cash payments, and power purchase agreements (PPAs). Though it requires a large up-front payment, cash is the most cost-effective choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the second most effective option. As with a car or home loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for money-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate based only on the energy you use, akin to an electric bill. We usually don’t recommend these two choices because you won't own the system and cannot use solar incentives. Ask each business you're evaluating about the financing options it offers. A representative can help you determine the optimal option for your pocketbook.

The table below lists the average payback periods for different capacities of solar systems in Newark.

You are eligible for a 26% federal tax credit for new solar power systems until the year 2032. City and state officials and utility companies might also offer discounts, rebates, and dedicated financing plans that could save you more.

Solar System Capacity Estimated Payback period
1 kW 2.6 years
2 kW 5.2 years
5 kW 13.1 years
10 kW 26.2 years

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Frequently Asked Questions About Solar in Newark

How much energy and money could I save per year by switching to solar?

Most Newark homeowners spend about $1,332 on energy each year. Your costs could drop by $877.68 for each kilowatt you generate after you pay off a solar array.

Is solar energy widely available in Newark?

Yes, solar energy is spreading quickly in Newark. Some homes already use solar power on-site or through utility grids, and they're backed by a state solar economy with 7282 jobs and counting.

Will solar energy systems improve my Newark home price?

Yes, solar energy systems will increase your property value. According to the National Renewable Energy Laboratory (NREL), for every dollar you reduce on energy bills, your home value rises by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

How many years will a typical solar system last?

Modern solar panels are designed for durability. The average panel is good for 25 years of service. Cheaper panels tend to last shorter than premium models.

How long does the solar panel installation process take?

Your solar job's duration will depend on its complexity and size, as well as Newark's permit and inspection procedures. It could take two weeks to a few months on average.

What's the average solar system size in Newark?

The average Newark solar system size is 7.6 kilowatts (kW). However, your final system size depends on your household's power consumption. Your panel model, roof size, and surrounding shading could also impact your final result. A professional solar contractor will consider these factors and determine the right array size for your home.

How can I boost my solar system's performance?

To enhance your solar system's performance, you can use the following steps:
  • optimize the panels' position with your solar installer
  • regularly clean your solar panels
  • upgrade to a more efficient inverter trim or cut down trees in the way of your panels
  • use energy-efficient appliances

How many estimates should I get before making a final solar company decision?

Yes, we recommend asking for free solar quotes from three or more companies. You should examine each quote and compare equipment costs, labor fees, financing options, warranty details and prework scope and costs. Ensure each quote provides an itemized financial plan and includes your projected payback period.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Sources