Solar Panel Cost Guide in Brook Park, OH (2023 Update)
- Brook Park Solar Installation Cost: $14,121
- 25-Year Savings: $17,010
- Payback Period: 11.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Brook Park
Find out what the average cost of a solar system is 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 2.56 per watt. Using this figure, a typical 7.9-kW system would cost about $14,121 before the 30% federal solar tax credit is applied.
These figures are only averages, and your own solar costs will look different based on your energy needs and what company you go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is quite good, with a net average savings of about $15,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar company in Brook Park for a quote for your home.
Solar savings over time in Brook Park
| Year | Return on Investment |
|---|---|
| 1 years | $-12,876 |
| 3 years | $-10,385 |
| 5 years | $-7,895 |
| 7 years | $-5,404 |
| 9 years | $-2,914 |
| 11 years | $-423 |
| 13 years | $2,067 |
| 15 years | $4,557 |
| 17 years | $7,048 |
| 19 years | $9,538 |
| 21 years | $12,029 |
| 23 years | $14,519 |
| 25 years | $17,010 |
Top Solar Installers in Brook Park
Many homeowners choose to hire a solar panel installer since trying to put up solar panels yourself can be hard. A solar installer can also help save you money over time by providing warranties, repairs and component replacements.
Working with a professional solar company can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Brook Park
Factors that Affect Solar Panel Costs in Brook Park
Though the average cost of a solar system in Brook Park is $14,121, your final cost may differ. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the cost of solar panels in Brook Park, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by about $2,560 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you choose also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Brook Park, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. Although solar loans make adopting solar energy more accessible for Brook Park homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Brook Park, and each can charge varying amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — 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 has the products, warranties and services you want 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 | $12,530 | 11.8 years |
| 8 kW | $2.61 | $14,623 | $16,993 | 11.6 years |
| 10 kW | $2.56 | $17,920 | $21,600 | 11.3 years |
| 12 kW | $2.51 | $21,074 | $26,350 | 11.1 years |
| 14 kW | $2.46 | $24,084 | $31,244 | 10.9 years |
| 16 kW | $2.41 | $26,952 | $36,281 | 10.7 years |
| 18 kW | $2.36 | $29,676 | $41,461 | 10.4 years |
| 20 kW | $2.30 | $32,256 | $46,784 | 10.2 years |
How to Save on Solar Panels
There are many companies to choose from in Brook Park, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Brook Park, OH Solar Cost FAQs
How much does it cost to install solar panels in Brook Park?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Brook Park?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Brook Park, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.