Solar Panel Cost Guide in Amberley, OH (2024 Update)
- Amberley Solar Installation Cost: $17,636
- 25-Year Savings: $10,949
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Amberley
Let’s take a look at the average cost of solar in Amberley.
The average cost of solar panels in Amberley is 3 per watt.The average Amberley homeowner needs a 7.4-kilowatt system, which would cost about $17,636 with the federal tax credit, or $25,219 before the 0 tax credit is applied.
These figures are only averages, and how much solar costs for you will most likely look different based on your specific situation and what company you go with.With typical savings of about $12,000 on utility bills over 20 years, many homeowners in Amberley find investing in solar can pay off big.
Click the button below to get connected to a vetted solar installer in Amberley for a customized estimate.
Solar savings over time in Amberley
Year | Return on Investment |
---|---|
1 years | $-16,471 |
3 years | $-14,141 |
5 years | $-11,811 |
7 years | $-9,481 |
9 years | $-7,151 |
11 years | $-4,821 |
13 years | $-2,491 |
15 years | $-161 |
17 years | $2,169 |
19 years | $4,499 |
21 years | $6,828 |
23 years | $9,158 |
25 years | $11,488 |
Top Solar Installers in Amberley
Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be hard. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
There are various licensed solar professionals that can install solar panels for you. 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 Amberley
Factors that Affect Solar Panel Costs in Amberley
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in Amberley: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,410. The model of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
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 Amberley homeowners choose to finance their solar panel systems to make going solar more affordable.It’s wise to factor 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can impact the cost. Amberley’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.55 | $14,895 | $4,748 | 19.0 years |
8 kW | $3.48 | $19,478 | $6,713 | 18.6 years |
10 kW | $3.41 | $23,870 | $8,868 | 18.2 years |
12 kW | $3.34 | $28,071 | $11,215 | 17.9 years |
14 kW | $3.27 | $32,081 | $13,752 | 17.5 years |
16 kW | $3.21 | $35,900 | $16,481 | 17.1 years |
18 kW | $3.14 | $39,529 | $19,400 | 16.8 years |
20 kW | $3.07 | $42,966 | $22,511 | 16.4 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Amberley, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the completion timeline.
- Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Amberley, OH Solar Cost FAQs
What is the average cost of installing solar panels in Amberley?
The average cost of solar panels in Amberley is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Amberley?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $654.77 per year.
How long do solar panels last in Amberley?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.