Solar Panel Cost Guide in Falls, OH (2023 Update)
- Falls Solar Installation Cost: $13,363
- 25-Year Savings: $16,903
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Falls
Find out what the average cost of solar panels are in Falls.
The national average cost of solar panels is $2.66 per watt, but in Falls it's 2.56 per watt. The average Falls homeowner needs a 7.5-kilowatt system, which would cost about $13,368 with the federal tax credit, or $19,116 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what installation company you go with. But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $15,000 over 20 years on energy bills.
To receive a free estimate from a vetted solar installer in Falls, you can click the button below.
Solar savings over time in Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-12,031 |
| 3 years | $-9,367 |
| 5 years | $-6,703 |
| 7 years | $-4,039 |
| 9 years | $-1,375 |
| 11 years | $1,289 |
| 13 years | $3,953 |
| 15 years | $6,617 |
| 17 years | $9,281 |
| 19 years | $11,945 |
| 21 years | $14,609 |
| 23 years | $17,273 |
| 25 years | $19,937 |
Top Solar Installers in Falls
When going solar, many homeowners decide to use a solar company since installing solar panels yourself can be a difficult project. The expertise that solar companies offer can be helpful as well, particularly if you don't quite know what type of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Falls:
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 Falls
Factors that Affect Solar Panel Costs in Falls
For many Falls homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Falls, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. There are many different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much 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 Falls to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. However, the interest on solar loans also adds to your all-in costs, so it's important to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can play a role in determining how much it costs. Falls' solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $13,169 | 11.5 years |
| 8 kW | $2.61 | $14,623 | $17,846 | 11.3 years |
| 10 kW | $2.56 | $17,920 | $22,666 | 11.0 years |
| 12 kW | $2.51 | $21,074 | $27,629 | 10.8 years |
| 14 kW | $2.46 | $24,084 | $32,735 | 10.6 years |
| 16 kW | $2.41 | $26,952 | $37,985 | 10.4 years |
| 18 kW | $2.36 | $29,676 | $43,379 | 10.2 years |
| 20 kW | $2.30 | $32,256 | $48,915 | 9.9 years |
How to Save on Solar Panels
There are a lot of companies available in Falls, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The kind of solar panel you want to install plays a part in which installer you should go with, since different companies have different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Falls, OH Solar Cost FAQs
How much does it cost to install solar panels in Falls?
This is a tough question to answer exactly, because the cost depends on a few different 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 additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Falls?
Leasing solar panels can be an appealing choice, because it often 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Is it worth going solar in Falls?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can 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 get 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.