Solar Panel Cost Guide in Aurora, OH (2024 Update)
- Aurora Solar Installation Cost: $18,596
- 25-Year Savings: $12,948
- Payback Period: 17.3 Years
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Average Cost of Solar Panels in Aurora
Let’s have a look at the average cost of solar panels in Aurora.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Aurora, the average cost of solar panels is 3 per watt.The average solar panel system size in Aurora is around 7.8 kilowatts, meaning a cost of about $18,596 for a solar installation, or $26,592 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will look different based on your specific situation and what company you go with.For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $13,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Aurora that can help you get a more accurate cost estimate for your home.
Solar savings over time in Aurora
| Year | Return on Investment |
|---|---|
| 1 years | $-17,342 |
| 3 years | $-14,834 |
| 5 years | $-12,327 |
| 7 years | $-9,819 |
| 9 years | $-7,312 |
| 11 years | $-4,804 |
| 13 years | $-2,296 |
| 15 years | $211 |
| 17 years | $2,719 |
| 19 years | $5,226 |
| 21 years | $7,734 |
| 23 years | $10,242 |
| 25 years | $12,749 |
Top Solar Installers in Aurora
Many homeowners opt for a solar panel installer since figuring out how to install solar panels yourself can be challenging. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Aurora
Factors that Affect Solar Panel Costs in Aurora
For many Aurora homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Aurora, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Aurora, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Aurora average.
Solar Financing Terms
Most solar companies in Aurora have solar loans, which reduce the initial cost of installing solar.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
The final significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of sustainable energy solutions in Aurora, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $5,829 | 18.0 years |
| 8 kW | $3.48 | $19,478 | $8,154 | 17.6 years |
| 10 kW | $3.41 | $23,870 | $10,670 | 17.3 years |
| 12 kW | $3.34 | $28,071 | $13,377 | 16.9 years |
| 14 kW | $3.27 | $32,081 | $16,275 | 16.6 years |
| 16 kW | $3.21 | $35,900 | $19,364 | 16.2 years |
| 18 kW | $3.14 | $39,529 | $22,644 | 15.9 years |
| 20 kW | $3.07 | $42,966 | $26,114 | 15.5 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. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Aurora, OH Solar Cost FAQs
How much does it cost to install solar panels in Aurora?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How much can I save on electricity 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 $690.80 per year.
How long do solar panels last in Aurora?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.