Solar Panel Cost Guide in Copley, OH (2023 Update)
- Copley Solar Installation Cost: $13,996
- 25-Year Savings: $13,360
- Payback Period: 12.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Copley
Find out how much it might cost to switch to solar power in Copley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Copley, the average cost of solar panels is 2.56 per watt. The average Copley homeowner needs a 7.8-kilowatt system, which would cost about $13,996 with the federal tax credit, or $20,014 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of solar panels you choose, your solar contractor and more. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $13,000 in savings on utility bills over 20 years.
To receive a free estimate from a highly rated solar installation company in Copley, you can click the button below.
Solar savings over time in Copley
| Year | Return on Investment |
|---|---|
| 1 years | $-12,901 |
| 3 years | $-10,713 |
| 5 years | $-8,524 |
| 7 years | $-6,336 |
| 9 years | $-4,148 |
| 11 years | $-1,959 |
| 13 years | $229 |
| 15 years | $2,418 |
| 17 years | $4,606 |
| 19 years | $6,794 |
| 21 years | $8,983 |
| 23 years | $11,171 |
| 25 years | $13,360 |
Top Solar Installers in Copley
Trying to put up solar panels yourself can be a time-consuming task, which is why using a solar installation company is a good option for many homeowners. Some solar companies, particularly local ones, can help you make the most of incentives in Copley, therefore optimizing your ROI.
There are a number of licensed solar professionals that can help you install your solar system. 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 Copley
Factors that Affect Solar Panel Costs in Copley
For many Copley homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Copley, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production 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 $2,560. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Copley average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Copley homeowners decide to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of loans, 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. 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 cost more. It's best to do some research and find a company that has the products, warranties and services you want and also fit into 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 | $9,825 | 13.3 years |
| 8 kW | $2.61 | $14,623 | $13,387 | 13.1 years |
| 10 kW | $2.56 | $17,920 | $17,092 | 12.8 years |
| 12 kW | $2.51 | $21,074 | $20,941 | 12.5 years |
| 14 kW | $2.46 | $24,084 | $24,933 | 12.3 years |
| 16 kW | $2.41 | $26,952 | $29,068 | 12.0 years |
| 18 kW | $2.36 | $29,676 | $33,346 | 11.8 years |
| 20 kW | $2.30 | $32,256 | $37,768 | 11.5 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose significantly influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Copley, OH Solar Cost FAQs
How much does it cost to install solar panels in Copley?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in Copley?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Copley?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.