Solar Panel Cost Guide in Four Bridges, OH (2023 Update)
- Four Bridges Solar Installation Cost: $13,315
- 25-Year Savings: $10,874
- Payback Period: 13.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Four Bridges
Let's have a look at the average cost of solar in Four Bridges.
While the national average of solar panels is $2.66 per watt, solar panels in Four Bridges typically cost around 2.56. Using this figure, a typical 7.4-kW system would cost about $13,315 before the 30% federal solar tax credit is applied.
How much you pay can be above or below the average in Four Bridges based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $12,000 in savings on energy bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Four Bridges
| Year | Return on Investment |
|---|---|
| 1 years | $-12,347 |
| 3 years | $-10,412 |
| 5 years | $-8,477 |
| 7 years | $-6,542 |
| 9 years | $-4,607 |
| 11 years | $-2,672 |
| 13 years | $-737 |
| 15 years | $1,199 |
| 17 years | $3,134 |
| 19 years | $5,069 |
| 21 years | $7,004 |
| 23 years | $8,939 |
| 25 years | $10,874 |
Top Solar Installers in Four Bridges
Many homeowners choose to use a solar panel installer since trying to put up solar panels yourself can be time-consuming. The expertise that solar installers offer can be valuable as well, particularly if you don't quite know what type of solar equipment would be right for your home.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Four Bridges
Factors that Affect Solar Panel Costs in Four Bridges
There are several factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,560. There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies operating in Four Bridges, and each can charge varying amounts for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that has the products, warranties and services you want and also fits within your budget.
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 | $8,338 | 14.3 years |
| 8 kW | $2.61 | $14,623 | $11,404 | 14.0 years |
| 10 kW | $2.56 | $17,920 | $14,614 | 13.8 years |
| 12 kW | $2.51 | $21,074 | $17,967 | 13.5 years |
| 14 kW | $2.46 | $24,084 | $21,463 | 13.2 years |
| 16 kW | $2.41 | $26,952 | $25,102 | 12.9 years |
| 18 kW | $2.36 | $29,676 | $28,885 | 12.7 years |
| 20 kW | $2.30 | $32,256 | $32,811 | 12.4 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Installation Process: When making the switch to solar power, it's necessary to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the project timeline.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Four Bridges, OH Solar Cost FAQs
What is the average cost of installing solar panels in Four Bridges?
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. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important 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 be mindful of are the quality and durability of your solar panels.
Is switching to solar power worth it?
Solar panels can be a great investment for a majority of 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.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.