Solar Panel Cost Guide in Jerome, OH (2023 Update)
- Jerome Solar Installation Cost: $13,601
- 25-Year Savings: $15,896
- Payback Period: 11.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Jerome
We break down average solar pricing in Jerome.
Although the national average of solar panels is $2.66 per watt, solar panels in Jerome typically cost around 2.56. Using this figure, a typical 7.6-kW system would cost about $13,601 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more. Despite the large upfront cost, the average Jerome homeowner can save about $15,000 on their energy bills over 20 years, which is one of the benefits of solar.
To get a free quote from a highly rated solar installation company in Jerome, you can click the button below.
Solar savings over time in Jerome
| Year | Return on Investment |
|---|---|
| 1 years | $-12,421 |
| 3 years | $-10,062 |
| 5 years | $-7,702 |
| 7 years | $-5,342 |
| 9 years | $-2,982 |
| 11 years | $-622 |
| 13 years | $1,737 |
| 15 years | $4,097 |
| 17 years | $6,457 |
| 19 years | $8,817 |
| 21 years | $11,177 |
| 23 years | $13,536 |
| 25 years | $15,896 |
Top Solar Installers in Jerome
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with an installer can make switching to solar power much easier. Plus, if you're not certain what type of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Jerome
Factors that Affect Solar Panel Costs in Jerome
The cost of installing a solar system in Jerome can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar 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 around $2,560 per kilowatt in Jerome. The brand of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You'll also need to consider 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Jerome homeowners decide to finance their solar panel systems to offset upfront costs. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can affect the cost. Jerome's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that offers the products, warranties and services you're looking for and also fit into your budget.
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 | $12,129 | 12.0 years |
| 8 kW | $2.61 | $14,623 | $16,459 | 11.8 years |
| 10 kW | $2.56 | $17,920 | $20,932 | 11.5 years |
| 12 kW | $2.51 | $21,074 | $25,548 | 11.3 years |
| 14 kW | $2.46 | $24,084 | $30,308 | 11.1 years |
| 16 kW | $2.41 | $26,952 | $35,211 | 10.8 years |
| 18 kW | $2.36 | $29,676 | $40,258 | 10.6 years |
| 20 kW | $2.30 | $32,256 | $45,448 | 10.4 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Jerome, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The model of solar panel you want to get plays a part in which installer you should opt for, since different companies provide different panels.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Jerome, OH Solar Cost FAQs
How much does it cost to install solar panels in Jerome?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Jerome?
You can't get solar panels for free in Jerome. 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.
Is it worth going solar in Jerome?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.