Solar Panel Cost Guide in Champion Heights, OH (2023 Update)
- Champion Heights Solar Installation Cost: $14,092
- 25-Year Savings: $12,345
- Payback Period: 13.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Champion Heights
Let's take a look at the average cost of solar panels in Champion Heights.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Champion Heights, the average cost of solar panels is 2.56 per watt. The average solar panel system size in Champion Heights is around 7.9 kilowatts, meaning a cost of about $14,085 for a solar installation, or $20,142 before the 30% federal solar tax credit is applied.
These figures are just averages, and your own solar costs will differ based on your specific situation and what company you go with. For many homeowners, the upfront investment in solar is worth paying. On average Champion Heights homeowners see about $13,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a top solar installer in Champion Heights that can help you get a more accurate cost estimate for your home.
Solar savings over time in Champion Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-14,004 |
| 3 years | $-13,828 |
| 5 years | $-13,652 |
| 7 years | $-13,475 |
| 9 years | $-13,299 |
| 11 years | $-13,123 |
| 13 years | $-12,947 |
| 15 years | $-12,771 |
| 17 years | $-12,594 |
| 19 years | $-12,418 |
| 21 years | $-12,242 |
| 23 years | $-12,066 |
| 25 years | $-11,889 |
Top Solar Installers in Champion Heights
Many homeowners decide to use a solar panel installer since figuring out how to install solar panels yourself can be hard. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Champion Heights
Factors that Affect Solar Panel Costs in Champion Heights
While the average cost of a solar system in Champion Heights is $14,085, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,560. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Additionally, 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
Many homeowners find the average cost of solar in Champion Heights to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Champion Heights, you'll have many options to choose from, but each comes at various price points 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 come at a higher cost. It's best to do some research and go with the company that offers the products, warranties and services you want and also is 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 | $8,989 | 13.9 years |
| 8 kW | $2.61 | $14,623 | $12,272 | 13.6 years |
| 10 kW | $2.56 | $17,920 | $15,698 | 13.3 years |
| 12 kW | $2.51 | $21,074 | $19,268 | 13.1 years |
| 14 kW | $2.46 | $24,084 | $22,981 | 12.8 years |
| 16 kW | $2.41 | $26,952 | $26,837 | 12.5 years |
| 18 kW | $2.36 | $29,676 | $30,837 | 12.3 years |
| 20 kW | $2.30 | $32,256 | $34,980 | 12.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Champion Heights, OH Solar Cost FAQs
How much does it cost to install solar panels in Champion Heights?
The average cost of solar panels in Champion Heights is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Champion Heights is currently $95,313, so you can expect a value of about $3,908 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Champion Heights is a rewarding investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.