Solar Panel Cost Guide in Falls, OH (2024 Update)
- Falls Solar Installation Cost: $17,800
- 25-Year Savings: $16,903
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Falls
Find out what the average cost of a solar system is in Falls.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Falls, the typical cost of solar panels is 3 per watt.Using this figure, a typical 7.5-kW system would cost about $17,800 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Falls homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the significant upfront cost, the average Falls homeowner can save about $15,000 on their energy bills over 20 years, which is one of the positives of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-16,468 |
| 3 years | $-13,804 |
| 5 years | $-11,140 |
| 7 years | $-8,476 |
| 9 years | $-5,812 |
| 11 years | $-3,148 |
| 13 years | $-484 |
| 15 years | $2,180 |
| 17 years | $4,844 |
| 19 years | $7,508 |
| 21 years | $10,172 |
| 23 years | $12,836 |
| 25 years | $15,500 |
Top Solar Installers in Falls
When making the switch to solar, many homeowners opt to use a solar company since installing solar panels yourself can be a time-consuming project. Plus, if you’d like to maximize your investment in solar power, going with a solar company can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
If you’d like to make the switch to solar but still aren’t certain which solar system installer to go with, here are our suggestions for providers 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
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Falls: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Falls.There are several different solar panel brands and the one you pick also changes the cost. In general, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want 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
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Falls, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Falls, 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 keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.55 | $14,895 | $9,456 | 15.3 years |
| 8 kW | $3.48 | $19,478 | $12,991 | 15.0 years |
| 10 kW | $3.41 | $23,870 | $16,716 | 14.7 years |
| 12 kW | $3.34 | $28,071 | $20,632 | 14.4 years |
| 14 kW | $3.27 | $32,081 | $24,739 | 14.1 years |
| 16 kW | $3.21 | $35,900 | $29,036 | 13.8 years |
| 18 kW | $3.14 | $39,529 | $33,525 | 13.5 years |
| 20 kW | $3.07 | $42,966 | $38,205 | 13.2 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:
- Installation Process: When making the switch to solar energy, it’s crucial to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the completion timeline.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
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 precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality 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 less expensive solar panels.
Can you get solar panels for free in Falls?
A solar panel system isn’t free in Falls, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.