Solar Panel Cost Guide in Elkrun, OH (2025 Update)
- Elkrun Solar Installation Cost: $18,691
- 25-Year Savings: $13,683
- Payback Period: 16.9 Years
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Average Cost of Solar Panels in Elkrun
Here’s how much it might cost to go solar in Elkrun.
In Elkrun, solar panels cost about 3 per watt on average.To cover the typical energy usage of the average home in Elkrun, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs around $18,691, or $26,728 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of equipment you choose, your solar contractor and more.But, once you've paid the upfront cost of installation, the savings for most homeowners is typically good, with a net average savings of about $13,000 over 20 years on energy bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Elkrun
| Year | Return on Investment |
|---|---|
| 1 years | $-17,471 |
| 3 years | $-15,031 |
| 5 years | $-12,590 |
| 7 years | $-10,150 |
| 9 years | $-7,709 |
| 11 years | $-5,269 |
| 13 years | $-2,828 |
| 15 years | $-388 |
| 17 years | $2,053 |
| 19 years | $4,493 |
| 21 years | $6,933 |
| 23 years | $9,374 |
| 25 years | $11,814 |
Top Solar Installers in Elkrun
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make switching to solar power much easier. The expertise that solar companies offer can be useful as well, particularly if you don’t quite know what brand of solar equipment would be right for your home.
If you're searching for a solar company in Elkrun, the EcoWatch team has compiled 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 Elkrun
Factors that Affect Solar Panel Costs in Elkrun
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Elkrun: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Elkrun homeowners choose to finance their solar panel systems to offset upfront costs.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can affect your pricing. Elkrun’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.55 | $14,895 | $6,341 | 17.5 years |
| 8 kW | $3.48 | $19,478 | $8,837 | 17.2 years |
| 10 kW | $3.41 | $23,870 | $11,523 | 16.9 years |
| 12 kW | $3.34 | $28,071 | $14,401 | 16.5 years |
| 14 kW | $3.27 | $32,081 | $17,470 | 16.2 years |
| 16 kW | $3.21 | $35,900 | $20,729 | 15.8 years |
| 18 kW | $3.14 | $39,529 | $24,180 | 15.5 years |
| 20 kW | $3.07 | $42,966 | $27,821 | 15.2 years |
How to Save on Solar Panels
The solar company you opt for will impact 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 several important things you should consider, including:
- Warranty: If you’re worried about the endurance of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Not all solar companies carry 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.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Elkrun, OH Solar Cost FAQs
What is the average cost of installing solar panels in Elkrun?
The average cost of solar panels in Elkrun is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual 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.
Should I lease or buy solar panels in Elkrun?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can you sell solar power back to the grid in Elkrun?
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 energy bills.
How long do solar panels last in Elkrun?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt 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.