Solar Panel Cost Guide in Crane, OH (2023 Update)
- Crane Solar Installation Cost: $13,761
- 25-Year Savings: $17,507
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Crane
Find out what the average cost of installing solar panels is in Crane.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Crane, the average cost of solar panels is 2.56 per watt. The average solar panel system size in Crane is around 7.7 kilowatts, meaning a cost of about $13,763 for a solar installation, or $19,681 before the 30% federal solar tax credit is applied.
How much you pay can be above or below the average in Crane based on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire. With average savings of about $15,000 on electricity bills over 20 years, many homeowners in Crane find installing solar panels can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in Crane that can help you get a more accurate cost estimate for your home.
Solar savings over time in Crane
| Year | Return on Investment |
|---|---|
| 1 years | $-12,429 |
| 3 years | $-9,765 |
| 5 years | $-7,101 |
| 7 years | $-4,437 |
| 9 years | $-1,773 |
| 11 years | $891 |
| 13 years | $3,555 |
| 15 years | $6,219 |
| 17 years | $8,883 |
| 19 years | $11,547 |
| 21 years | $14,211 |
| 23 years | $16,875 |
| 25 years | $19,539 |
Top Solar Installers in Crane
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Using an installer can make switching to solar power much easier. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be right for your family.
If you're searching for a solar company in Crane, we've put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Crane
Factors that Affect Solar Panel Costs in Crane
For many Crane homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Crane, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Crane, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Crane, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can influence how much you pay. Crane's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Crane are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,248 | 11.4 years |
| 8 kW | $2.61 | $14,623 | $17,951 | 11.2 years |
| 10 kW | $2.56 | $17,920 | $22,797 | 11.0 years |
| 12 kW | $2.51 | $21,074 | $27,787 | 10.8 years |
| 14 kW | $2.46 | $24,084 | $32,920 | 10.6 years |
| 16 kW | $2.41 | $26,952 | $38,196 | 10.3 years |
| 18 kW | $2.36 | $29,676 | $43,616 | 10.1 years |
| 20 kW | $2.30 | $32,256 | $49,179 | 9.9 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 efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before deciding.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Crane, OH Solar Cost FAQs
What is the average cost of installing solar panels in Crane?
The average cost of solar panels in Crane is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Crane?
You can't get solar panels for free in Crane. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.