Solar Panel Cost Guide in Brook Park, OH (2024 Update)
- Brook Park Solar Installation Cost: $18,803
- 25-Year Savings: $12,542
- Payback Period: 15.1 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Brook Park
Let’s take a look at the average cost of solar panels in Brook Park.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Brook Park, the typical cost of solar panels is 3 per watt.Since a 7.9-kW system is needed to cover the energy costs of a typical home in Brook Park, the average price of going solar will be about $18,803 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Brook Park homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $15,000 on energy bills over 20 years, many homeowners in Brook Park find going solar has a decent ROI.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Brook Park
Year | Return on Investment |
---|---|
1 years | $-17,549 |
3 years | $-15,041 |
5 years | $-12,534 |
7 years | $-10,026 |
9 years | $-7,518 |
11 years | $-5,011 |
13 years | $-2,503 |
15 years | $4 |
17 years | $2,512 |
19 years | $5,020 |
21 years | $7,527 |
23 years | $10,035 |
25 years | $12,542 |
Top Solar Installers in Brook Park
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Using an installer can make switching to solar power much easier. Local solar companies can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Brook Park
Factors that Affect Solar Panel Costs in Brook Park
The cost of installing a solar system in Brook Park can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,410. The kind of solar equipment you choose can increase or decrease your cost 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. On the other hand, more efficient panels could save you more over time on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Brook Park average.
Solar Financing Terms
Many homeowners find the average cost of solar in Brook Park to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you pick will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $8,817 | 15.7 years |
8 kW | $3.48 | $19,478 | $12,138 | 15.4 years |
10 kW | $3.41 | $23,870 | $15,650 | 15.1 years |
12 kW | $3.34 | $28,071 | $19,353 | 14.8 years |
14 kW | $3.27 | $32,081 | $23,247 | 14.5 years |
16 kW | $3.21 | $35,900 | $27,332 | 14.2 years |
18 kW | $3.14 | $39,529 | $31,608 | 13.9 years |
20 kW | $3.07 | $42,966 | $36,074 | 13.6 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose considerably influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
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 Brook Park, OH Solar Cost FAQs
How much does it cost to install solar panels in Brook Park?
The average cost of solar panels in Brook Park is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Brook Park?
Leasing solar panels can be an option if you are unable to 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 home 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 savings from going solar.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $790.40 per year.
How often do you have to replace solar panels?
Though 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 the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had 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.