Solar Panel Cost Guide in Grandview Heights, OH (2023 Update)
- Grandview Heights Solar Installation Cost: $13,530
- 25-Year Savings: $19,853
- Payback Period: 10.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Grandview Heights
We go over average solar pricing in Grandview Heights.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Grandview Heights, the average cost of a solar system is 2.56 per watt. To account for the typical energy needs of the average home in Grandview Heights, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,530, or $19,348 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Grandview Heights homeowners. 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. With average savings of about $17,000 on energy bills over 20 years, many homeowners in Grandview Heights find installing solar panels can pay off big.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Grandview Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-12,194 |
| 3 years | $-9,524 |
| 5 years | $-6,853 |
| 7 years | $-4,182 |
| 9 years | $-1,512 |
| 11 years | $1,159 |
| 13 years | $3,829 |
| 15 years | $6,500 |
| 17 years | $9,171 |
| 19 years | $11,841 |
| 21 years | $14,512 |
| 23 years | $17,183 |
| 25 years | $19,853 |
Top Solar Installers in Grandview Heights
Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be challenging. Another good thing about using a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our recommendations for providers near you:
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 Grandview Heights
Factors that Affect Solar Panel Costs in Grandview Heights
There are many criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Grandview Heights to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Grandview Heights, you'll have many options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Grandview Heights are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $15,359 | 10.5 years |
| 8 kW | $2.61 | $14,623 | $20,765 | 10.3 years |
| 10 kW | $2.56 | $17,920 | $26,314 | 10.1 years |
| 12 kW | $2.51 | $21,074 | $32,007 | 9.9 years |
| 14 kW | $2.46 | $24,084 | $37,844 | 9.7 years |
| 16 kW | $2.41 | $26,952 | $43,823 | 9.5 years |
| 18 kW | $2.36 | $29,676 | $49,946 | 9.3 years |
| 20 kW | $2.30 | $32,256 | $56,213 | 9.1 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose greatly impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project completion timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
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 Grandview Heights, OH Solar Cost FAQs
How much does it cost to install solar panels in Grandview Heights?
The average cost of solar panels in Grandview Heights 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 type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Grandview Heights?
Leasing solar panels can be an appealing choice, as it usually 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 option if you want to get the most savings.
Does Grandview Heights have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
What solar power system size is right for 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 buy between 20 and 35 panels to account for 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.