Solar Panel Cost Guide in Grafton, OH (2024 Update)
- Grafton Solar Installation Cost: $16,893
- 25-Year Savings: $16,631
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Grafton
Let’s take a look at the average cost of solar panels in Grafton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Grafton, the typical cost of solar panels is 3 per watt.The average solar panel system size in Grafton is around 7.1 kilowatts, meaning a cost of about $16,893 for a solar installation, or $24,157 before the 0 federal solar tax credit is applied.
The true price you pay can go above or below the average in Grafton based on a few factors, such as the kind of solar panels you choose and the solar installer you hire.For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Grafton see about $16,000 in savings on utility bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Grafton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,673 |
| 3 years | $-13,233 |
| 5 years | $-10,792 |
| 7 years | $-8,352 |
| 9 years | $-5,911 |
| 11 years | $-3,471 |
| 13 years | $-1,030 |
| 15 years | $1,410 |
| 17 years | $3,851 |
| 19 years | $6,291 |
| 21 years | $8,732 |
| 23 years | $11,172 |
| 25 years | $13,612 |
Top Solar Installers in Grafton
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Hiring a solar company can make your swap to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you're searching for a solar company in Grafton, the EcoWatch team has compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- 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 Grafton
Factors that Affect Solar Panel Costs in Grafton
The cost of installing a solar system in Grafton can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Grafton, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by about $3,410 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Grafton, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.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 more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you select will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $9,957 | 15.0 years |
| 8 kW | $3.48 | $19,478 | $13,658 | 14.7 years |
| 10 kW | $3.41 | $23,870 | $17,549 | 14.4 years |
| 12 kW | $3.34 | $28,071 | $21,632 | 14.1 years |
| 14 kW | $3.27 | $32,081 | $25,906 | 13.8 years |
| 16 kW | $3.21 | $35,900 | $30,371 | 13.5 years |
| 18 kW | $3.14 | $39,529 | $35,026 | 13.3 years |
| 20 kW | $3.07 | $42,966 | $39,873 | 13.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which installer you should go with, since different companies provide different panels.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- 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 Grafton, OH Solar Cost FAQs
What is the average cost of installing solar panels in Grafton?
The average cost of solar panels in Grafton is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Grafton?
You can’t get solar panels for free in Grafton. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Grafton, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.