Solar Panel Cost Guide in Fairlawn, OH (2023 Update)
- Fairlawn Solar Installation Cost: $14,001
- 25-Year Savings: $12,436
- Payback Period: 13.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Fairlawn
Let's take a look at the average cost of solar panels in Fairlawn.
The average cost of a solar panel system in Fairlawn is 2.56 per watt. The average solar panel system size in Fairlawn is around 7.8 kilowatts, meaning a cost of about $13,996 for a solar installation, or $20,014 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Fairlawn homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing solar panels is a sound investment. The average homeowner in Fairlawn can save about $13,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Fairlawn for a quote for your home.
Solar savings over time in Fairlawn
| Year | Return on Investment |
|---|---|
| 1 years | $-13,913 |
| 3 years | $-13,737 |
| 5 years | $-13,560 |
| 7 years | $-13,384 |
| 9 years | $-13,208 |
| 11 years | $-13,032 |
| 13 years | $-12,855 |
| 15 years | $-12,679 |
| 17 years | $-12,503 |
| 19 years | $-12,327 |
| 21 years | $-12,150 |
| 23 years | $-11,974 |
| 25 years | $-11,798 |
Top Solar Installers in Fairlawn
Many homeowners choose to hire a solar panel installer since trying to put up solar panels on your own can be hard. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our suggestions for providers in Fairlawn:
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 Fairlawn
Factors that Affect Solar Panel Costs in Fairlawn
The cost of installing a solar system in Fairlawn can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Fairlawn average.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Fairlawn is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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
There are many companies available in Fairlawn, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- 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 considerable role in the company you choose.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Fairlawn, OH Solar Cost FAQs
How much does it cost to install solar panels in Fairlawn?
The average cost of solar panels in Fairlawn is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Fairlawn have a net metering program?
Each state has some kind 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 power bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.