Solar Panel Cost Guide in Heath, OH (2024 Update)
- Heath Solar Installation Cost: $18,121
- 25-Year Savings: $19,947
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Heath
Let’s have a look at the average cost of solar panels in Heath.
The national average cost of solar panels is $2.66 per watt, but in Heath it’s 3 per watt.Since a 7.6-kW system is needed to cover the energy consumption of a typical home in Heath, the average price of going solar will be about $18,121 after claiming the federal solar tax credit of 0.
These figures are just averages, and how much solar costs for you may look different based on the amount of energy your home requires and what company you choose to go with.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $17,000 over 20 years on energy bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Heath
| Year | Return on Investment |
|---|---|
| 1 years | $-16,789 |
| 3 years | $-14,125 |
| 5 years | $-11,460 |
| 7 years | $-8,796 |
| 9 years | $-6,132 |
| 11 years | $-3,468 |
| 13 years | $-804 |
| 15 years | $1,860 |
| 17 years | $4,524 |
| 19 years | $7,188 |
| 21 years | $9,852 |
| 23 years | $12,516 |
| 25 years | $15,180 |
Top Solar Installers in Heath
Although you can install solar panels by yourself, it takes extra energy and expertise. That's why almost all homeowners choose to go with a solar panel installer. The expertise that solar companies provide can be valuable as well, particularly if you don’t quite know what kind of solar equipment you need.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Heath
Factors that Affect Solar Panel Costs in Heath
For many Heath homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Heath, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important 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 about $3,410 per kilowatt in Heath.The brand of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid option because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Heath are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $3.55 | $14,895 | $11,623 | 14.0 years |
| 8 kW | $3.48 | $19,478 | $15,879 | 13.8 years |
| 10 kW | $3.41 | $23,870 | $20,326 | 13.5 years |
| 12 kW | $3.34 | $28,071 | $24,964 | 13.2 years |
| 14 kW | $3.27 | $32,081 | $29,793 | 13.0 years |
| 16 kW | $3.21 | $35,900 | $34,813 | 12.7 years |
| 18 kW | $3.14 | $39,529 | $40,024 | 12.4 years |
| 20 kW | $3.07 | $42,966 | $45,426 | 12.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose significantly impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Heath, OH Solar Cost FAQs
What is the average cost of installing solar panels in Heath?
The average cost of solar panels in Heath 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 such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Heath?
Leasing solar panels can be an appealing 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 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.
Can you sell solar power back to the grid in Heath?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.