Solar Panel Cost Guide in East Liverpool, OH (2023 Update)
- East Liverpool Solar Installation Cost: $14,031
- 25-Year Savings: $13,232
- Payback Period: 12.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in East Liverpool
Find out what the average cost of a solar system is in East Liverpool.
Currently, the national average cost of solar panels is $2.66 per watt. However, in East Liverpool, the typical cost of a solar system is 2.56 per watt. The average solar panel system size in East Liverpool is around 7.8 kilowatts, meaning a cost of about $14,031 for a solar installation, or $20,064 before the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in East Liverpool depending on a variety of factors, such as the kind of solar panels you choose and the solar company you hire. With typical savings of about $13,000 on electricity bills over 20 years, many homeowners in East Liverpool find going solar can be quite rewarding.
You can click the button below to get connected with a vetted solar company in East Liverpool that can help you get a more accurate cost estimate for your home.
Solar savings over time in East Liverpool
| Year | Return on Investment |
|---|---|
| 1 years | $-12,941 |
| 3 years | $-10,760 |
| 5 years | $-8,579 |
| 7 years | $-6,398 |
| 9 years | $-4,216 |
| 11 years | $-2,035 |
| 13 years | $146 |
| 15 years | $2,327 |
| 17 years | $4,508 |
| 19 years | $6,689 |
| 21 years | $8,870 |
| 23 years | $11,051 |
| 25 years | $13,232 |
Top Solar Installers in East Liverpool
When switching to solar energy, many homeowners decide to use a solar company since handling can be a challenging project. The expertise that solar companies offer can be invaluable as well, especially if you aren't sure what brand of solar equipment you need.
There are several licensed solar professionals that can install solar panels for you. 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 East Liverpool
Factors that Affect Solar Panel Costs in East Liverpool
For many East Liverpool homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in East Liverpool, with typical prices between $20,000 to $40,000. There are a number of factors that greatly 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 a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher 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. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many East Liverpool homeowners opt to finance their solar panel systems to offset upfront costs. Although solar loans make switching to solar energy more accessible for East Liverpool homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in East Liverpool is the company you get to install your PV system. As with choosing a company to build a deck or pool, for instance, you'll have no shortage of solar installers that provide a range of services at different price points. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $9,708 | 13.4 years |
| 8 kW | $2.61 | $14,623 | $13,231 | 13.1 years |
| 10 kW | $2.56 | $17,920 | $16,897 | 12.9 years |
| 12 kW | $2.51 | $21,074 | $20,706 | 12.6 years |
| 14 kW | $2.46 | $24,084 | $24,659 | 12.4 years |
| 16 kW | $2.41 | $26,952 | $28,755 | 12.1 years |
| 18 kW | $2.36 | $29,676 | $32,995 | 11.8 years |
| 20 kW | $2.30 | $32,256 | $37,378 | 11.6 years |
How to Save on Solar Panels
The solar company you opt for will impact 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 a few important things you should keep in mind, such as:
- Solar Panel Brands: Different companies carry various brands and kinds of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, completion timeline rebates and warranties.
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 East Liverpool, OH Solar Cost FAQs
How much does it cost to install solar panels in East Liverpool?
This is a difficult question to answer exactly, 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in East Liverpool?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $696.34 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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.