Solar Panel Cost Guide in Clyde, OH (2023 Update)
- Clyde Solar Installation Cost: $13,512
- 25-Year Savings: $16,318
- Payback Period: 11.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Clyde
We break down average solar pricing in Clyde.
The average cost of a solar panel system in Clyde is 2.56 per watt. Since a 7.5-kW system is needed to cover the energy consumption of a typical home in Clyde, the average price of going solar will be about $13,512 after claiming the federal solar tax credit of 30%.
How much you pay can be higher or lower than the average in Clyde depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Clyde see about $15,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Clyde that can help you get a more accurate cost estimate for your home.
Solar savings over time in Clyde
| Year | Return on Investment |
|---|---|
| 1 years | $-12,318 |
| 3 years | $-9,932 |
| 5 years | $-7,546 |
| 7 years | $-5,159 |
| 9 years | $-2,773 |
| 11 years | $-387 |
| 13 years | $2,000 |
| 15 years | $4,386 |
| 17 years | $6,773 |
| 19 years | $9,159 |
| 21 years | $11,545 |
| 23 years | $13,932 |
| 25 years | $16,318 |
Top Solar Installers in Clyde
Many homeowners opt for a solar installation company since installing solar panels by yourself can be time-consuming. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our suggestions for providers in Clyde:
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 Clyde
Factors that Affect Solar Panel Costs in Clyde
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Clyde: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use 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 $2,560. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much 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 Clyde to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $12,569 | 11.8 years |
| 8 kW | $2.61 | $14,623 | $17,046 | 11.5 years |
| 10 kW | $2.56 | $17,920 | $21,666 | 11.3 years |
| 12 kW | $2.51 | $21,074 | $26,429 | 11.1 years |
| 14 kW | $2.46 | $24,084 | $31,336 | 10.9 years |
| 16 kW | $2.41 | $26,952 | $36,386 | 10.6 years |
| 18 kW | $2.36 | $29,676 | $41,579 | 10.4 years |
| 20 kW | $2.30 | $32,256 | $46,916 | 10.2 years |
How to Save on Solar Panels
There are many companies to choose from in Clyde, 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:
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: The kind of solar panel you'd like plays a role in which installer you should choose, since different companies offer different panels.
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 Clyde, OH Solar Cost FAQs
What is the average cost of installing solar panels in Clyde?
The average cost of solar panels in Clyde 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 things such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Clyde?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
How will installing solar panels impact the value of my home?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Clyde?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.