Solar Panel Cost Guide in Heath, OH (2023 Update)
- Heath Solar Installation Cost: $13,601
- 25-Year Savings: $19,950
- Payback Period: 10.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Heath
Find out what the average cost of solar panels are in Heath.
The average cost of a solar panel system in Heath is 2.56 per watt. The average solar panel system size in Heath is around 7.6 kilowatts, meaning a cost of about $13,601 for a solar installation, or $19,449 before the 30% federal solar tax credit is applied.
The actual price you pay can be above or below the average in Heath depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $17,000 in savings on utility bills over 20 years.
To receive a free estimate from a highly rated solar installer in Heath, you can click the button below.
Solar savings over time in Heath
| Year | Return on Investment |
|---|---|
| 1 years | $-12,259 |
| 3 years | $-9,575 |
| 5 years | $-6,891 |
| 7 years | $-4,207 |
| 9 years | $-1,523 |
| 11 years | $1,161 |
| 13 years | $3,845 |
| 15 years | $6,529 |
| 17 years | $9,213 |
| 19 years | $11,897 |
| 21 years | $14,582 |
| 23 years | $17,266 |
| 25 years | $19,950 |
Top Solar Installers in Heath
Although you can install solar panels yourself, it takes extra energy and know-how. For that reason, the majority of homeowners choose a solar panel installer. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives and by offering warranties and repairs.
If you're looking for a solar company in Heath, we've 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 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 Heath
Factors that Affect Solar Panel Costs in Heath
Even though the average cost of a solar system in Heath is $13,601, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you get for your solar system can increase or decrease 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Heath to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. While solar loans make adopting solar energy more accessible for Heath homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Heath, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $15,335 | 10.5 years |
| 8 kW | $2.61 | $14,623 | $20,734 | 10.3 years |
| 10 kW | $2.56 | $17,920 | $26,276 | 10.1 years |
| 12 kW | $2.51 | $21,074 | $31,961 | 9.9 years |
| 14 kW | $2.46 | $24,084 | $37,790 | 9.7 years |
| 16 kW | $2.41 | $26,952 | $43,762 | 9.5 years |
| 18 kW | $2.36 | $29,676 | $49,877 | 9.3 years |
| 20 kW | $2.30 | $32,256 | $56,136 | 9.1 years |
How to Save on Solar Panels
There are many companies available in Heath, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Solar Panel Brands: Different companies offer various brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
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 Heath, OH Solar Cost FAQs
How much does it cost to install solar panels in Heath?
The average cost of solar panels in Heath is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Heath?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The drawback 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Can you sell solar power back to the grid in Heath?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Heath?
On average, the lifespan of solar panels is 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 higher level 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.