Solar Panel Cost Guide in Cedarville, OH (2023 Update)
- Cedarville Solar Installation Cost: $13,332
- 25-Year Savings: $11,125
- Payback Period: 13.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Cedarville
Find out what the average cost of installing solar panels is in Cedarville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cedarville, the typical cost of a solar system is 2.56 per watt. The average Cedarville homeowner needs a 7.4-kilowatt system, which would cost about $13,332 with the federal tax credit, or $19,065 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what company you go with. Despite the large initial cost, the average Cedarville homeowner can save around $12,000 on their power bills over 20 years, which is one of the benefits of solar.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Cedarville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,354 |
| 3 years | $-10,398 |
| 5 years | $-8,441 |
| 7 years | $-6,485 |
| 9 years | $-4,528 |
| 11 years | $-2,571 |
| 13 years | $-615 |
| 15 years | $1,342 |
| 17 years | $3,298 |
| 19 years | $5,255 |
| 21 years | $7,211 |
| 23 years | $9,168 |
| 25 years | $11,125 |
Top Solar Installers in Cedarville
Many homeowners choose to use a solar panel company since installing solar panels by yourself can be a lot of work. Plus, if you're not certain what kind of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
Working with a vetted solar installer can help your solar project go smoothly. 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 Cedarville
Factors that Affect Solar Panel Costs in Cedarville
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Cedarville: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most important 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 electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,560 per kilowatt in Cedarville. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Cedarville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of 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
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Cedarville, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, 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 principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can play a part in determining how much it costs. Cedarville's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $8,544 | 14.2 years |
| 8 kW | $2.61 | $14,623 | $11,678 | 13.9 years |
| 10 kW | $2.56 | $17,920 | $14,956 | 13.6 years |
| 12 kW | $2.51 | $21,074 | $18,378 | 13.4 years |
| 14 kW | $2.46 | $24,084 | $21,943 | 13.1 years |
| 16 kW | $2.41 | $26,952 | $25,651 | 12.8 years |
| 18 kW | $2.36 | $29,676 | $29,502 | 12.5 years |
| 20 kW | $2.30 | $32,256 | $33,497 | 12.3 years |
How to Save on Solar Panels
There are a large number of companies available in Cedarville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: The type of solar panel you'd like to get plays a part in which company you should opt for, since different companies offer different panels.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
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 Cedarville, OH Solar Cost FAQs
How much does it cost to install solar panels in Cedarville?
This is a difficult question to answer precisely, 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How long do solar panels last in Cedarville?
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.