Solar Panel Cost Guide in Eaton, OH (2024 Update)
- Eaton Solar Installation Cost: $17,768
- 25-Year Savings: $13,787
- Payback Period: 16.4 Years
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Average Cost of Solar Panels in Eaton
We go over average solar pricing in Eaton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Eaton, the average cost of a solar system is 3 per watt.To cover the typical energy needs of the average home in Eaton, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,768, or $25,408 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of solar panels you want, your solar contractor and more.Despite the large upfront cost, the average Eaton homeowner can save around $14,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a vetted solar panel company in your area for a custom quote.
Solar savings over time in Eaton
Year | Return on Investment |
---|---|
1 years | $-16,750 |
3 years | $-14,713 |
5 years | $-12,677 |
7 years | $-10,640 |
9 years | $-8,604 |
11 years | $-6,567 |
13 years | $-4,530 |
15 years | $-2,494 |
17 years | $-457 |
19 years | $1,579 |
21 years | $3,616 |
23 years | $5,653 |
25 years | $7,689 |
Top Solar Installers in Eaton
When going solar, many homeowners choose to use a solar installation company since installing a solar system yourself can be a challenging project. Some solar companies, particularly local ones, can help you make the most of incentives in Eaton, optimizing your ROI.
Working with a professional solar installer can help you make the most of your investment in solar. 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 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 Eaton
Factors that Affect Solar Panel Costs in Eaton
For many Eaton homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Eaton, with typical prices between $20,000 to $40,000. There are several factors that significantly 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 few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require 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 $3,410.The brand and type of equipment you choose 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 come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Eaton offer solar loans, which reduce your upfront costs of installing solar panels.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 more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $3.55 | $14,895 | $6,970 | 17.0 years |
8 kW | $3.48 | $19,478 | $9,675 | 16.7 years |
10 kW | $3.41 | $23,870 | $12,572 | 16.4 years |
12 kW | $3.34 | $28,071 | $15,659 | 16.0 years |
14 kW | $3.27 | $32,081 | $18,937 | 15.7 years |
16 kW | $3.21 | $35,900 | $22,406 | 15.4 years |
18 kW | $3.14 | $39,529 | $26,066 | 15.1 years |
20 kW | $3.07 | $42,966 | $29,917 | 14.7 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
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 Eaton, OH Solar Cost FAQs
What is the average cost of installing solar panels in Eaton?
This is a hard 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Eaton is currently $214,993, so you could be looking at a value of about $8,815 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Eaton is a worthwhile investment.
How long do solar panels last in Eaton?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt 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.