Solar Panel Cost Guide in East Union, OH (2023 Update)
- East Union Solar Installation Cost: $13,852
- 25-Year Savings: $15,868
- Payback Period: 11.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in East Union
Let's have a look at the average cost of solar in East Union.
The national average cost of solar panels is $2.66 per watt, but in East Union it's 2.56 per watt. Since a 7.7-kW system is needed to cover the energy costs of a typical home in East Union, the average price of going solar will be about $13,852 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary quite a bit depending on multiple factors, such as what size system you need, your energy usage and what company you go with. For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in East Union see about $15,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in East Union for a quote for your home.
Solar savings over time in East Union
| Year | Return on Investment |
|---|---|
| 1 years | $-12,663 |
| 3 years | $-10,286 |
| 5 years | $-7,908 |
| 7 years | $-5,530 |
| 9 years | $-3,153 |
| 11 years | $-775 |
| 13 years | $1,602 |
| 15 years | $3,980 |
| 17 years | $6,358 |
| 19 years | $8,735 |
| 21 years | $11,113 |
| 23 years | $13,491 |
| 25 years | $15,868 |
Top Solar Installers in East Union
Many homeowners opt for a solar panel installer since trying to put up solar panels yourself can be a labor-intensive endeavor. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Union
Factors that Affect Solar Panel Costs in East Union
The cost of installing a solar system in East Union can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. There are many different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in East Union have solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also increases your overall costs, so it's important to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
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 Union is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that offer a range of services at different costs. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $11,881 | 12.1 years |
| 8 kW | $2.61 | $14,623 | $16,127 | 11.9 years |
| 10 kW | $2.56 | $17,920 | $20,518 | 11.7 years |
| 12 kW | $2.51 | $21,074 | $25,051 | 11.4 years |
| 14 kW | $2.46 | $24,084 | $29,728 | 11.2 years |
| 16 kW | $2.41 | $26,952 | $34,549 | 11.0 years |
| 18 kW | $2.36 | $29,676 | $39,512 | 10.7 years |
| 20 kW | $2.30 | $32,256 | $44,619 | 10.5 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose considerably influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
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 Union, OH Solar Cost FAQs
What is the average cost of installing solar panels in East Union?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally 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 cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in East Union?
You can't get solar panels for free in East Union. 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.
How will having solar panels impact my property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
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 choose to replace them once you've had 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.