Solar Panel Cost Guide in Clearcreek, OH (2023 Update)
- Clearcreek Solar Installation Cost: $13,476
- 25-Year Savings: $21,143
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Clearcreek
We break down average solar pricing in Clearcreek.
Although the national average of solar panels is $2.66 per watt, solar panels in Clearcreek typically cost about 2.56. To cover the typical energy needs of the average home in Clearcreek, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,476, or $19,271 before the federal solar tax credit of 30% is applied.
How much you pay can be higher or lower than the average in Clearcreek based on a few factors, such as the model of solar panels you choose and the solar installer you hire. For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Clearcreek see about $17,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Clearcreek for a quote for your home.
Solar savings over time in Clearcreek
| Year | Return on Investment |
|---|---|
| 1 years | $-12,091 |
| 3 years | $-9,322 |
| 5 years | $-6,552 |
| 7 years | $-3,783 |
| 9 years | $-1,013 |
| 11 years | $1,756 |
| 13 years | $4,526 |
| 15 years | $7,295 |
| 17 years | $10,065 |
| 19 years | $12,834 |
| 21 years | $15,604 |
| 23 years | $18,373 |
| 25 years | $21,143 |
Top Solar Installers in Clearcreek
Trying to install solar panels yourself can be a dangerous undertaking, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar companies provide can be valuable as well, particularly if you aren't sure what kind of solar equipment you need.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Clearcreek
Factors that Affect Solar Panel Costs in Clearcreek
Though the average cost of a solar system in Clearcreek is $13,476, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of a solar system in Clearcreek, 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 power bills. Your total cost can increase by about $2,560 for each additional kilowatt you need. The kind of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Clearcreek to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time due to interest. You'll have to consider the long-term cost of financing options, 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 original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Clearcreek, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $16,448 | 10.1 years |
| 8 kW | $2.61 | $14,623 | $22,218 | 9.9 years |
| 10 kW | $2.56 | $17,920 | $28,131 | 9.7 years |
| 12 kW | $2.51 | $21,074 | $34,187 | 9.5 years |
| 14 kW | $2.46 | $24,084 | $40,387 | 9.3 years |
| 16 kW | $2.41 | $26,952 | $46,730 | 9.1 years |
| 18 kW | $2.36 | $29,676 | $53,216 | 9.0 years |
| 20 kW | $2.30 | $32,256 | $59,846 | 8.8 years |
How to Save on Solar Panels
The solar panel company you opt for will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Before you sign a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
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 Clearcreek, OH Solar Cost FAQs
How much does it cost to install solar panels in Clearcreek?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels eliminate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Clearcreek, that will require at least a 10-kW system. Not all homes will have roofs that 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, 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 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.