Solar Panel Cost Guide in Englewood, OH (2024 Update)
- Englewood Solar Installation Cost: $17,915
- 25-Year Savings: $9,027
- Payback Period: 19.9 Years
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Average Cost of Solar Panels in Englewood
Find out what the average cost of installing solar panels is in Englewood.
In Englewood, solar panels cost about 3 per watt on average.Since a 7.5-kW system is needed to cover the energy costs of a typical home in Englewood, the average price of going solar will be about $17,915 after claiming the federal solar tax credit of 0.
These figures are only averages, and your own solar costs will vary based on your energy needs and what company you choose to go with.With typical savings of about $11,000 on utility bills over 20 years, many homeowners in Englewood find installing solar panels can be quite rewarding.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Englewood
| Year | Return on Investment |
|---|---|
| 1 years | $-16,897 |
| 3 years | $-14,860 |
| 5 years | $-12,823 |
| 7 years | $-10,787 |
| 9 years | $-8,750 |
| 11 years | $-6,714 |
| 13 years | $-4,677 |
| 15 years | $-2,640 |
| 17 years | $-604 |
| 19 years | $1,433 |
| 21 years | $3,469 |
| 23 years | $5,506 |
| 25 years | $7,543 |
Top Solar Installers in Englewood
When switching to solar energy, many homeowners choose to go with a solar installer since DIY solar panel installation can be a difficult project. Solar warranties and repairs are often included in the cost of installation when you go with a solar company too, which can save you more money over time.
If you’d like to start using solar energy but still aren’t certain which solar system company to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Englewood
Factors that Affect Solar Panel Costs in Englewood
For many Englewood homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Englewood, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,410. There are a lot of different solar panel brands and the one you choose also changes the cost. Usually, 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
Many homeowners find the average cost of solar in Englewood to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.However, the interest on solar loans also increases your total costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you choose will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The company’s size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $3,074 | 20.7 years |
| 8 kW | $3.48 | $19,478 | $4,480 | 20.3 years |
| 10 kW | $3.41 | $23,870 | $6,078 | 19.9 years |
| 12 kW | $3.34 | $28,071 | $7,866 | 19.5 years |
| 14 kW | $3.27 | $32,081 | $9,846 | 19.1 years |
| 16 kW | $3.21 | $35,900 | $12,016 | 18.7 years |
| 18 kW | $3.14 | $39,529 | $14,377 | 18.3 years |
| 20 kW | $3.07 | $42,966 | $16,930 | 17.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although 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 make sure you peruse their list of options before deciding.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Englewood, OH Solar Cost FAQs
What is the average cost of installing solar panels in Englewood?
The average cost of solar panels in Englewood 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 like 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 crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Englewood?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Englewood?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.