Solar Panel Cost Guide in Highland Heights, OH (2024 Update)
- Highland Heights Solar Installation Cost: $18,803
- 25-Year Savings: $13,264
- Payback Period: 17.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Highland Heights
Find out what the average cost of a solar system is in Highland Heights.
In Highland Heights, solar panels cost about 3 per watt on average.The average solar panel system size in Highland Heights is around 7.9 kilowatts, meaning a cost of about $18,803 for a solar installation, or $26,888 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will look different based on factors unique to your home and what company you go with.Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Highland Heights can save around $13,000 on their energy bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Highland Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-17,549 |
| 3 years | $-15,041 |
| 5 years | $-12,534 |
| 7 years | $-10,026 |
| 9 years | $-7,518 |
| 11 years | $-5,011 |
| 13 years | $-2,503 |
| 15 years | $4 |
| 17 years | $2,512 |
| 19 years | $5,020 |
| 21 years | $7,527 |
| 23 years | $10,035 |
| 25 years | $12,542 |
Top Solar Installers in Highland Heights
Many homeowners decide to use a solar panel company since trying to put up solar panels yourself can be challenging. The payback period on a solar system will vary depending on factors like your roof configuration and energy use, but working with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Highland Heights
Factors that Affect Solar Panel Costs in Highland Heights
The cost of installing a solar system in Highland Heights can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s important to accurately gauge 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 want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid option because they reduce your upfront costs and allow you to 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 loans, 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Highland Heights is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services at different costs.The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and better 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 promotion 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 | $5,960 | 17.9 years |
| 8 kW | $3.48 | $19,478 | $8,329 | 17.5 years |
| 10 kW | $3.41 | $23,870 | $10,889 | 17.2 years |
| 12 kW | $3.34 | $28,071 | $13,639 | 16.8 years |
| 14 kW | $3.27 | $32,081 | $16,581 | 16.5 years |
| 16 kW | $3.21 | $35,900 | $19,713 | 16.1 years |
| 18 kW | $3.14 | $39,529 | $23,037 | 15.8 years |
| 20 kW | $3.07 | $42,966 | $26,551 | 15.5 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Warranty: If you care about the durability of your solar system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: When going solar, it’s essential to keep 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.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Highland Heights, OH Solar Cost FAQs
What is the average cost of installing solar panels in Highland Heights?
The average cost of solar panels in Highland Heights 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 kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Highland Heights?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Highland Heights is currently $375,217, so you can expect a value of about $15,384 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Highland Heights is a fruitful investment.
What solar power system size is right for 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 household 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.