Solar Panel Cost Guide in Chagrin Falls, OH (2024 Update)
- Chagrin Falls Solar Installation Cost: $18,803
- 25-Year Savings: $12,950
- Payback Period: 17.4 Years
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Average Cost of Solar Panels in Chagrin Falls
Let’s take a look at the average cost of solar panels in Chagrin Falls.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Chagrin Falls, the average cost of solar panels is 3 per watt.Using this figure, a typical 7.9-kW system would cost about $18,803 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar system you want to get, your solar contractor and more.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $13,000 in savings on utility bills over 20 years.
To get a free quote from a top solar installer in Chagrin Falls, you can click the button below.
Solar savings over time in Chagrin Falls
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 Chagrin Falls
When making the switch to solar, many homeowners choose to hire a solar installer since DIY solar panel installation can be a difficult project. Another benefit of using a solar company is that they can help you make the most of your ROI by bringing down your future costs of repairs and replacements because 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 panel company to go with, here are our suggestions for providers in Chagrin Falls:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Chagrin Falls
Factors that Affect Solar Panel Costs in Chagrin Falls
There are a number of factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of solar panels in Chagrin Falls, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Chagrin Falls provide solar loans, which reduce the initial cost of installing solar.Even though solar loans make going solar more accessible for Chagrin Falls homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Chagrin Falls, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $5,721 | 18.1 years |
8 kW | $3.48 | $19,478 | $8,010 | 17.7 years |
10 kW | $3.41 | $23,870 | $10,490 | 17.4 years |
12 kW | $3.34 | $28,071 | $13,160 | 17.0 years |
14 kW | $3.27 | $32,081 | $16,022 | 16.7 years |
16 kW | $3.21 | $35,900 | $19,075 | 16.3 years |
18 kW | $3.14 | $39,529 | $22,319 | 16.0 years |
20 kW | $3.07 | $42,966 | $25,753 | 15.6 years |
How to Save on Solar Panels
There are many companies to choose from in Chagrin Falls, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the completion timeline.
- Contract: Before signing a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Chagrin Falls, OH Solar Cost FAQs
What is the average cost of installing solar panels in Chagrin Falls?
The average cost of solar panels in Chagrin Falls 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Chagrin Falls?
Solar panels aren’t free in Chagrin Falls, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Chagrin Falls is currently $447,602, so you can expect a value of about $18,352 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Chagrin Falls is a rewarding investment.
How long do solar panels last in Chagrin Falls?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.