Solar Panel Cost Guide in Avon Lake, OH (2024 Update)
- Avon Lake Solar Installation Cost: $16,893
- 25-Year Savings: $14,226
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Avon Lake
We break down average solar pricing in Avon Lake.
The national average cost of solar panels is $2.66 per watt, but in Avon Lake it’s 3 per watt.The average solar panel system size in Avon Lake is around 7.1 kilowatts, meaning a cost of about $16,893 for a solar installation, or $24,157 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Avon Lake homeowners. 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.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Avon Lake can save around $14,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Avon Lake that can help you get a more accurate cost estimate for your home.
Solar savings over time in Avon Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-15,639 |
| 3 years | $-13,132 |
| 5 years | $-10,624 |
| 7 years | $-8,117 |
| 9 years | $-5,609 |
| 11 years | $-3,101 |
| 13 years | $-594 |
| 15 years | $1,914 |
| 17 years | $4,421 |
| 19 years | $6,929 |
| 21 years | $9,437 |
| 23 years | $11,944 |
| 25 years | $14,452 |
Top Solar Installers in Avon Lake
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make swapping over to solar power much easier. Another upside of working with a solar installer is that they can help you make the most of your investment by bringing down your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
If you’d like to go solar but still aren’t certain which solar system installer to go with, here are our suggestions for providers in Avon Lake:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Avon Lake
Factors that Affect Solar Panel Costs in Avon Lake
Although the average cost of a solar system in Avon Lake is $16,893, your final cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Avon Lake.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Avon Lake, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Avon Lake to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.Although solar loans make going solar more accessible for Avon Lake homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Avon Lake is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets.The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and bulk 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 companies.
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 | $7,918 | 16.3 years |
| 8 kW | $3.48 | $19,478 | $10,939 | 16.0 years |
| 10 kW | $3.41 | $23,870 | $14,151 | 15.7 years |
| 12 kW | $3.34 | $28,071 | $17,555 | 15.4 years |
| 14 kW | $3.27 | $32,081 | $21,149 | 15.1 years |
| 16 kW | $3.21 | $35,900 | $24,934 | 14.8 years |
| 18 kW | $3.14 | $39,529 | $28,910 | 14.4 years |
| 20 kW | $3.07 | $42,966 | $33,077 | 14.1 years |
How to Save on Solar Panels
There are a large number of companies available in Avon Lake, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: It’s important to read through your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Avon Lake, OH Solar Cost FAQs
How much does it cost to install solar panels in Avon Lake?
The average cost of solar panels in Avon Lake 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons 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.
Does Avon Lake have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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.