Solar Panel Cost Guide in Brunswick Hills, OH (2024 Update)
- Brunswick Hills Solar Installation Cost: $18,134
- 25-Year Savings: $14,741
- Payback Period: 16.0 Years
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Average Cost of Solar Panels in Brunswick Hills
Find out what the average cost of solar panel installation is in Brunswick Hills.
The national average cost of solar panels is $2.66 per watt, but in Brunswick Hills it’s 3 per watt.Because a 7.6-kW system is needed to cover the energy needs of a typical home in Brunswick Hills, the average price of going solar will be about $18,134 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Brunswick Hills homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a fruitful investment. The average homeowner in Brunswick Hills can save about $14,000 on their energy bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Brunswick Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-16,905 |
| 3 years | $-14,448 |
| 5 years | $-11,991 |
| 7 years | $-9,534 |
| 9 years | $-7,076 |
| 11 years | $-4,619 |
| 13 years | $-2,162 |
| 15 years | $295 |
| 17 years | $2,753 |
| 19 years | $5,210 |
| 21 years | $7,667 |
| 23 years | $10,124 |
| 25 years | $12,582 |
Top Solar Installers in Brunswick Hills
Many homeowners opt for a solar panel installer since figuring out how to install solar panels yourself can be a labor-intensive endeavor. Local solar installers can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Brunswick Hills:
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 Brunswick Hills
Factors that Affect Solar Panel Costs in Brunswick Hills
There are several factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,410.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Brunswick Hills to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.However, the interest on solar loans also increases your total costs, so it’s vital to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you pick will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Brunswick Hills are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $7,499 | 16.6 years |
| 8 kW | $3.48 | $19,478 | $10,381 | 16.3 years |
| 10 kW | $3.41 | $23,870 | $13,454 | 16.0 years |
| 12 kW | $3.34 | $28,071 | $16,717 | 15.7 years |
| 14 kW | $3.27 | $32,081 | $20,172 | 15.3 years |
| 16 kW | $3.21 | $35,900 | $23,817 | 15.0 years |
| 18 kW | $3.14 | $39,529 | $27,654 | 14.7 years |
| 20 kW | $3.07 | $42,966 | $31,681 | 14.4 years |
How to Save on Solar Panels
The solar company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Contract: Before signing a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- 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 company, such as what permits you should secure and how long the project will take.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Brunswick Hills, OH Solar Cost FAQs
How much does it cost to install solar panels in Brunswick Hills?
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 more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Brunswick Hills?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The downside 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 maximize your savings.
Can you sell solar power back to the grid in Brunswick Hills?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
How long do solar panels last in Brunswick Hills?
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 their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.