Solar Panel Cost Guide in Ashtabula, OH (2024 Update)
- Ashtabula Solar Installation Cost: $18,687
- 25-Year Savings: $12,658
- Payback Period: 17.1 Years
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Average Cost of Solar Panels in Ashtabula
Find out what the average cost of a solar system is in Ashtabula.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ashtabula, the average cost of solar panels is 3 per watt.Because a 7.8-kW system is needed to cover the energy usage of a typical home in Ashtabula, the average price of going solar will be about $18,687 after claiming the federal solar tax credit of 0.
These figures are only averages, and the cost of going solar for you will differ based on factors unique to your home and what company you choose to go with.Many homeowners find going solar is a sound investment. The average homeowner in Ashtabula can save about $13,000 on their power bills over 20 years.
To receive a free estimate from a top solar company in Ashtabula, you can click the button below.
Solar savings over time in Ashtabula
| Year | Return on Investment |
|---|---|
| 1 years | $-17,434 |
| 3 years | $-14,926 |
| 5 years | $-12,418 |
| 7 years | $-9,911 |
| 9 years | $-7,403 |
| 11 years | $-4,895 |
| 13 years | $-2,388 |
| 15 years | $120 |
| 17 years | $2,627 |
| 19 years | $5,135 |
| 21 years | $7,643 |
| 23 years | $10,150 |
| 25 years | $12,658 |
Top Solar Installers in Ashtabula
When switching to solar energy, many homeowners prefer to hire a solar installation company since installing solar panels yourself can be a time-consuming project. The payback period of solar panels will vary based on factors like your location and energy consumption, but going with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
If you're looking for a solar installer in Ashtabula, we've put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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
See all of the solar companies in Ashtabula
Factors that Affect Solar Panel Costs in Ashtabula
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Ashtabula: 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
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,410 per kilowatt in Ashtabula.The model of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to think 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’s in your budget.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid choice because they lower your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also adds to your total costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Ashtabula, and each can charge varying amounts for labor and equipment.The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $6,089 | 17.7 years |
| 8 kW | $3.48 | $19,478 | $8,501 | 17.4 years |
| 10 kW | $3.41 | $23,870 | $11,103 | 17.1 years |
| 12 kW | $3.34 | $28,071 | $13,897 | 16.7 years |
| 14 kW | $3.27 | $32,081 | $16,881 | 16.4 years |
| 16 kW | $3.21 | $35,900 | $20,056 | 16.0 years |
| 18 kW | $3.14 | $39,529 | $23,423 | 15.7 years |
| 20 kW | $3.07 | $42,966 | $26,980 | 15.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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
EcoWatch's Ashtabula, OH Solar Cost FAQs
How much does it cost to install solar panels in Ashtabula?
The average cost of solar panels in Ashtabula 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Ashtabula?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.