Solar Panel Cost Guide in Fairlawn, OH (Dec 2022)

  • Fairlawn Solar Installation Cost: $13,996
  • 25-Year Savings: $12,442
  • Payback Period: 13.2 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Fairlawn

Here's how much it might cost to install solar panels in Fairlawn.

Although the national average of solar panels is $2.66 per watt, solar panels in Fairlawn generally cost about $3. To cover the typical energy needs of the average home in Fairlawn, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs about $13,996, or $10,357 after the federal solar tax credit of 30% is applied.

Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of equipment you want, your solar contractor and more. Even with the significant upfront cost, the average Fairlawn homeowner can save about $13,000 on their electricity bills over 20 years, which is one of the benefits of solar.

You can click the button below to get connected with a pre-vetted solar company in Fairlawn for a quote for your home.

Solar savings over time in Fairlawn

Year Return on Investment
1 years $-12,938
3 years $-10,823
5 years $-8,708
7 years $-6,593
9 years $-4,478
11 years $-2,363
13 years $-248
15 years $1,867
17 years $3,982
19 years $6,097
21 years $8,212
23 years $10,327
25 years $12,442

Top Solar Installers in Fairlawn

Although it's possible to install solar panels by yourself, it involves extra time and handiness. For that reason, the majority of homeowners choose to go with a solar panel installer. The expertise that solar installers offer can be invaluable as well, especially if you aren't sure what kind of solar equipment would be right for your home.

You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Fairlawn:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Fairlawn

Factors that Affect Solar Panel Costs in Fairlawn

There are several factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.

Solar Equipment

One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $2,560 per kilowatt in Fairlawn. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

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 Fairlawn homeowners choose to finance their solar panel systems to make going solar more affordable. It's a good idea to include 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 off the loan.

Solar Panel Installation Company

The last key cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Fairlawn, you'll have plenty of options to choose from, but each comes at different price points for labor and 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 specific equipment options like Tesla Powerwall batteries or extra 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 $2.66 $11,182 $9,120 13.8 years
8 kW $2.61 $14,623 $12,447 13.5 years
10 kW $2.56 $17,920 $15,917 13.2 years
12 kW $2.51 $21,074 $19,531 13.0 years
14 kW $2.46 $24,084 $23,288 12.7 years
16 kW $2.41 $26,952 $27,188 12.4 years
18 kW $2.36 $29,676 $31,231 12.2 years
20 kW $2.30 $32,256 $35,418 11.9 years

How to Save on Solar Panels

Since the type of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • Solar Panel Brands: Different companies will offer various brands and types of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
  • Reputation: Solar system installers 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.
  • Contract: Read the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Fairlawn, OH Solar Cost FAQs

How much does it cost to install solar panels in Fairlawn?

This is a hard 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

Is it better to lease or buy solar panels in Fairlawn?

Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside 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.

Is it worth going solar in Fairlawn?

Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.

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.

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