Solar Panel Cost Guide in Austintown, OH (Jan 2023)
- Austintown Solar Installation Cost: $14,049
- 25-Year Savings: $12,388
- Payback Period: 13.3 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Austintown
Find out what the average cost of a solar system is in Austintown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Austintown, the typical cost of solar panels is $3 per watt. The average solar panel system size in Austintown is around 7.8 kilowatts, meaning a cost of about $14,049 for a solar installation, or $10,396 after the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Austintown homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Austintown see about $13,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Austintown that can help you get a more accurate cost estimate for your home.
Solar savings over time in Austintown
| Year | Return on Investment |
|---|---|
| 1 years | $-12,992 |
| 3 years | $-10,877 |
| 5 years | $-8,762 |
| 7 years | $-6,647 |
| 9 years | $-4,532 |
| 11 years | $-2,417 |
| 13 years | $-302 |
| 15 years | $1,813 |
| 17 years | $3,928 |
| 19 years | $6,043 |
| 21 years | $8,158 |
| 23 years | $10,273 |
| 25 years | $12,388 |
Top Solar Installers in Austintown
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring an installer can make your switch to solar power much easier. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Austintown:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Austintown
Factors that Affect Solar Panel Costs in Austintown
For many Austintown homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Austintown, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Austintown. There are many different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Austintown have solar loans, which reduce your upfront costs of installing solar. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can influence how much it costs. Austintown's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that provides the products, warranties and services you're looking for and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.66 | $11,182 | $9,038 | 13.8 years |
| 8 kW | $2.61 | $14,623 | $12,337 | 13.6 years |
| 10 kW | $2.56 | $17,920 | $15,780 | 13.3 years |
| 12 kW | $2.51 | $21,074 | $19,366 | 13.0 years |
| 14 kW | $2.46 | $24,084 | $23,095 | 12.8 years |
| 16 kW | $2.41 | $26,952 | $26,968 | 12.5 years |
| 18 kW | $2.36 | $29,676 | $30,984 | 12.2 years |
| 20 kW | $2.30 | $32,256 | $35,144 | 12.0 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- Installation Process: Make sure you're on the same page with the installer regarding how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Different companies have various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Austintown, OH Solar Cost FAQs
How much does it cost to install solar panels in Austintown?
The average cost of solar panels in Austintown is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Austintown?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How will installing solar panels impact my home value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 buy between 20 and 35 panels to cover 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.