Solar Panel Cost Guide in Colerain, OH (Dec 2022)

  • Colerain Solar Installation Cost: $13,243
  • 25-Year Savings: $13,851
  • Payback Period: 12.2 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Colerain

Find out what the average cost of installing solar panels is in Colerain.

The national average cost of solar panels is $2.66 per watt, but in Colerain it's $3 per watt. The average solar panel system size in Colerain is around 7.4 kilowatts, meaning a cost of about $13,243 for a solar installation, or $9,800 after the 30% federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average Colerain homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Colerain see about $14,000 in savings on utility bills over 20 years.

You can click the button below to get connected with a top solar installer in Colerain for a quote for your home.

Solar savings over time in Colerain

Year Return on Investment
1 years $-12,159
3 years $-9,992
5 years $-7,824
7 years $-5,657
9 years $-3,489
11 years $-1,322
13 years $846
15 years $3,013
17 years $5,181
19 years $7,348
21 years $9,516
23 years $11,683
25 years $13,851

Top Solar Installers in Colerain

Although you can install solar panels by yourself, it involves extra time and expertise. Because of that, most homeowners choose to hire a solar panel installer. Companies can also have access to a large variety of the best solar panels and help you decide which one will be right for your home.

If you're looking for a solar company in Colerain, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Colerain

Factors that Affect Solar Panel Costs in Colerain

For many Colerain homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Colerain, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the cost of a solar system in Colerain, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can figure out by looking at past electricity bills. Your total cost can increase by about $2,560 for each additional kilowatt you need. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Colerain average.

Solar Financing Terms

If paying for solar panels in cash is out of reach, solar loans are a solid option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.

Solar Panel Installation Company

The solar company you choose to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies in Colerain, and each can charge varying amounts for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, 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 $2.66 $11,182 $10,820 12.7 years
8 kW $2.61 $14,623 $14,713 12.5 years
10 kW $2.56 $17,920 $18,750 12.2 years
12 kW $2.51 $21,074 $22,930 12.0 years
14 kW $2.46 $24,084 $27,254 11.7 years
16 kW $2.41 $26,952 $31,721 11.5 years
18 kW $2.36 $29,676 $36,331 11.2 years
20 kW $2.30 $32,256 $41,084 11.0 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:

  • Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • 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 considerable role in the company you go with.
  • Installation Process: When making the switch to solar energy, it's necessary to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project timeline.
  • Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Colerain, OH Solar Cost FAQs

How much does it cost to install solar panels in Colerain?

This is a difficult question to answer precisely, because the cost depends on many 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 higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

Can you get solar panels for free in Colerain?

A solar panel system isn't free in Colerain, 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 can help lower the cost.

Can solar panels eliminate my power bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Colerain, that will require at least a 10-kW system. Not all homes 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 long do solar panels last in Colerain?

Though 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 opt to replace them after having them for that long or you can continue to use 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.

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