Solar Panel Cost Guide in Edgewood, OH (2025 Update)
- Edgewood Solar Installation Cost: $18,687
- 25-Year Savings: $13,351
- Payback Period: 17.1 Years
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Average Cost of Solar Panels in Edgewood
Find out how much it might cost to install solar panels in Edgewood.
The average cost of a solar system in Edgewood is 3 per watt.Because a 7.8-kW system is needed to cover the energy usage of a typical home in Edgewood, the average price of going solar will be about $18,687 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what company you go with.With average savings of about $13,000 on electricity bills over 20 years, many homeowners in Edgewood find investing in solar can pay off big.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Edgewood
Year | Return on Investment |
---|---|
1 years | $-17,434 |
3 years | $-14,926 |
5 years | $-12,418 |
7 years | $-9,911 |
9 years | $-7,403 |
11 years | $-4,895 |
13 years | $-2,388 |
15 years | $120 |
17 years | $2,627 |
19 years | $5,135 |
21 years | $7,643 |
23 years | $10,150 |
25 years | $12,658 |
Top Solar Installers in Edgewood
Although it's possible to install solar panels yourself, it involves extra time and handiness. For that reason, most people choose a solar panel installer. Companies can also have access to quality options of the best solar panels and help you pick which one will be right for your family.
If you're searching for a solar installer in Edgewood, we've organized a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Edgewood
Factors that Affect Solar Panel Costs in Edgewood
For many Edgewood homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Edgewood, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,410 per kilowatt in Edgewood.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Edgewood, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Edgewood have solar loans, which reduce your upfront costs of installing solar.While solar loans make going solar more accessible for Edgewood homeowners, they can also increase the total you pay for your system due to interest. 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 consider when trying to evaluate the cost of solar for your home or business in Edgewood is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for instance, you’ll have no shortage of solar installers that offer a range of services at different costs.Additionally, some companies in Edgewood are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $6,089 | 17.7 years |
8 kW | $3.48 | $19,478 | $8,501 | 17.4 years |
10 kW | $3.41 | $23,870 | $11,103 | 17.1 years |
12 kW | $3.34 | $28,071 | $13,897 | 16.7 years |
14 kW | $3.27 | $32,081 | $16,881 | 16.4 years |
16 kW | $3.21 | $35,900 | $20,056 | 16.0 years |
18 kW | $3.14 | $39,529 | $23,423 | 15.7 years |
20 kW | $3.07 | $42,966 | $26,980 | 15.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- 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 quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Edgewood, OH Solar Cost FAQs
How much does it cost to install solar panels in Edgewood?
The average cost of solar panels in Edgewood is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase your home 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 Edgewood is currently $182,150, so you could be looking at a value of about $7,468 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Edgewood is a rewarding investment.
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 requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.