Solar Panel Cost Guide in Clyde, OH (2024 Update)
- Clyde Solar Installation Cost: $17,987
- 25-Year Savings: $16,326
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Clyde
Let’s take a look at the average cost of solar in Clyde.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Clyde, the typical cost of solar panels is 3 per watt.Because a 7.5-kW system is needed to cover the energy usage of a typical home in Clyde, the average price of going solar will be about $17,987 after claiming the federal solar tax credit of 0.
These figures are only estimates, and the cost of going solar for you will vary based on your specific situation and what company you choose to go with.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $15,000 over 20 years on power bills.
You can click the button below to get connected with a vetted solar company in Clyde for a quote for your home.
Solar savings over time in Clyde
| Year | Return on Investment |
|---|---|
| 1 years | $-16,767 |
| 3 years | $-14,326 |
| 5 years | $-11,886 |
| 7 years | $-9,445 |
| 9 years | $-7,005 |
| 11 years | $-4,564 |
| 13 years | $-2,124 |
| 15 years | $317 |
| 17 years | $2,757 |
| 19 years | $5,197 |
| 21 years | $7,638 |
| 23 years | $10,078 |
| 25 years | $12,519 |
Top Solar Installers in Clyde
Although you can install solar panels on your own, it takes extra time and handiness. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy usage, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
If you're looking for a solar company in Clyde, we've organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Clyde
Factors that Affect Solar Panel Costs in Clyde
The cost of installing a solar system in Clyde can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.There are a lot of different solar panel brands and the one you pick also changes the cost. Typically, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want 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 Clyde provide solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also increases your overall costs, so it’s vital to take that into consideration 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 choose to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Clyde, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $8,857 | 15.7 years |
| 8 kW | $3.48 | $19,478 | $12,191 | 15.4 years |
| 10 kW | $3.41 | $23,870 | $15,716 | 15.1 years |
| 12 kW | $3.34 | $28,071 | $19,432 | 14.8 years |
| 14 kW | $3.27 | $32,081 | $23,339 | 14.5 years |
| 16 kW | $3.21 | $35,900 | $27,437 | 14.2 years |
| 18 kW | $3.14 | $39,529 | $31,726 | 13.9 years |
| 20 kW | $3.07 | $42,966 | $36,206 | 13.6 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
- Warranty: If you care about the endurance of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Clyde, OH Solar Cost FAQs
How much does it cost to install solar panels in Clyde?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Clyde?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Does Clyde have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.