Solar Panel Cost Guide in Crane, OH (2024 Update)
- Crane Solar Installation Cost: $18,330
- 25-Year Savings: $17,507
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Crane
Here’s how much it might cost to go solar in Crane.
The national average cost of solar panels is $2.66 per watt, but in Crane it’s 3 per watt.To cover the typical energy usage of the average home in Crane, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs around $18,330, or $26,212 before the federal solar tax credit of 0 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 equipment you want, your solar contractor and more.With average savings of about $15,000 on energy bills over 20 years, many homeowners in Crane find installing solar panels can be quite rewarding.
To receive a free quote from a highly rated solar installation company in Crane, you can click the button below.
Solar savings over time in Crane
| Year | Return on Investment |
|---|---|
| 1 years | $-16,998 |
| 3 years | $-14,334 |
| 5 years | $-11,670 |
| 7 years | $-9,006 |
| 9 years | $-6,342 |
| 11 years | $-3,678 |
| 13 years | $-1,014 |
| 15 years | $1,650 |
| 17 years | $4,314 |
| 19 years | $6,978 |
| 21 years | $9,642 |
| 23 years | $12,306 |
| 25 years | $14,970 |
Top Solar Installers in Crane
Installing solar panels yourself can be a difficult undertaking, which is why using a solar installation company is a good option for many homeowners. The expertise that solar companies offer can be invaluable as well, particularly if you aren’t sure what type of solar equipment you need.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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 Crane
Factors that Affect Solar Panel Costs in Crane
The cost of installing a solar system in Crane can vary by more than $10,000 from home to home. Your actual cost depends on 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
When it comes to estimating the price of a solar system in Crane, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past power bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.The model of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Crane homeowners choose to finance their solar panel systems to make going solar more affordable.It’s a good idea to factor 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 the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you pick will affect your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor.The company’s size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $9,536 | 15.2 years |
| 8 kW | $3.48 | $19,478 | $13,096 | 14.9 years |
| 10 kW | $3.41 | $23,870 | $16,847 | 14.7 years |
| 12 kW | $3.34 | $28,071 | $20,790 | 14.4 years |
| 14 kW | $3.27 | $32,081 | $24,923 | 14.1 years |
| 16 kW | $3.21 | $35,900 | $29,247 | 13.8 years |
| 18 kW | $3.14 | $39,529 | $33,763 | 13.5 years |
| 20 kW | $3.07 | $42,966 | $38,469 | 13.2 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Crane, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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 Crane, OH Solar Cost FAQs
What is the average cost of installing solar panels in Crane?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 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 above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Crane have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Crane?
Even 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 how much energy they produce will have decreased significantly after that point. You can choose to replace them after having 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.