Solar Panel Cost Guide in Day Heights, OH (2023 Update)
- Day Heights Solar Installation Cost: $13,207
- 25-Year Savings: $10,981
- Payback Period: 13.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Day Heights
Let's have a look at the average cost of solar in Day Heights.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Day Heights, the typical cost of solar panels is 2.56 per watt. The average Day Heights homeowner needs a 7.4-kilowatt system, which would cost about $13,207 with the federal tax credit, or $18,886 before the 30% tax credit is applied.
These figures are only estimates, and your own solar costs may differ based on factors unique to your home and what company you choose to go with. With typical savings of about $12,000 on utility bills over 20 years, many homeowners in Day Heights find investing in solar has a decent ROI.
Click the button below to get connected to a top solar company in Day Heights for a custom estimate.
Solar savings over time in Day Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-12,240 |
| 3 years | $-10,304 |
| 5 years | $-8,369 |
| 7 years | $-6,434 |
| 9 years | $-4,499 |
| 11 years | $-2,564 |
| 13 years | $-629 |
| 15 years | $1,306 |
| 17 years | $3,241 |
| 19 years | $5,176 |
| 21 years | $7,111 |
| 23 years | $9,046 |
| 25 years | $10,981 |
Top Solar Installers in Day Heights
When going solar, many homeowners decide to go with a solar installation company since handling can be a difficult project. Local solar companies can also help you maximize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some in Day Heights:
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 Day Heights
Factors that Affect Solar Panel Costs in Day Heights
There are a number of criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can increase 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, the brands that are more efficient tend to also cost more. Additionally, 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 Day Heights to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only 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 securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Day Heights is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for instance, you'll have no shortage of solar installers that provide a range of services at different price points. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $8,518 | 14.2 years |
| 8 kW | $2.61 | $14,623 | $11,644 | 13.9 years |
| 10 kW | $2.56 | $17,920 | $14,914 | 13.6 years |
| 12 kW | $2.51 | $21,074 | $18,326 | 13.4 years |
| 14 kW | $2.46 | $24,084 | $21,883 | 13.1 years |
| 16 kW | $2.41 | $26,952 | $25,582 | 12.8 years |
| 18 kW | $2.36 | $29,676 | $29,425 | 12.6 years |
| 20 kW | $2.30 | $32,256 | $33,411 | 12.3 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, such as:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer good-quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you aren't sure 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.
- Solar Panel Brands: The type of solar panel you want to get plays a part in which company you should go with, since different companies have access to different panels.
- Warranty: If you're concerned about the longevity of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Day Heights, OH Solar Cost FAQs
What is the average cost of installing solar panels in Day Heights?
This is a difficult question to answer precisely, because the cost depends on a few different 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. It will be more expensive if you want additional solar equipment or more efficient 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.
Can you get solar panels for free in Day Heights?
You can't get solar panels for free in Day Heights. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Does Day Heights have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide 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.