Solar Panel Cost Guide in Jerome, OH (2024 Update)
- Jerome Solar Installation Cost: $18,123
- 25-Year Savings: $15,892
- Payback Period: 15.4 Years
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Average Cost of Solar Panels in Jerome
Here’s how much it might cost to install solar panels in Jerome.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Jerome, the average cost of solar panels is 3 per watt.The average Jerome homeowner needs a 7.6-kilowatt system, which would cost about $18,123 with the federal tax credit, or $25,916 before the 0 tax credit is applied.
How much you pay can be above or below the average in Jerome based on several factors, such as the brand of solar panels you choose and the solar company you hire.Many homeowners find going solar is a rewarding investment. The average homeowner in Jerome can save about $15,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Jerome for a quote for your home.
Solar savings over time in Jerome
| Year | Return on Investment |
|---|---|
| 1 years | $-16,983 |
| 3 years | $-14,704 |
| 5 years | $-12,425 |
| 7 years | $-10,146 |
| 9 years | $-7,868 |
| 11 years | $-5,589 |
| 13 years | $-3,310 |
| 15 years | $-1,031 |
| 17 years | $1,248 |
| 19 years | $3,527 |
| 21 years | $5,806 |
| 23 years | $8,085 |
| 25 years | $10,364 |
Top Solar Installers in Jerome
Many homeowners choose to hire a solar installation company since installing solar panels yourself can be time-consuming. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you’d like to make the switch to solar but still aren’t certain which solar panel installer to go with, here are our recommendations for providers in Jerome:
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 Jerome
Factors that Affect Solar Panel Costs in Jerome
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Jerome: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly 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 electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,410 per kilowatt in Jerome.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Jerome, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a popular choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.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
Lastly, the company you choose to install your solar system can influence your pricing. Jerome’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced 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 find a company that provides the products, warranties and services you want and also is within 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 | $3.55 | $14,895 | $8,416 | 16.0 years |
| 8 kW | $3.48 | $19,478 | $11,604 | 15.7 years |
| 10 kW | $3.41 | $23,870 | $14,982 | 15.4 years |
| 12 kW | $3.34 | $28,071 | $18,551 | 15.1 years |
| 14 kW | $3.27 | $32,081 | $22,311 | 14.7 years |
| 16 kW | $3.21 | $35,900 | $26,262 | 14.4 years |
| 18 kW | $3.14 | $39,529 | $30,405 | 14.1 years |
| 20 kW | $3.07 | $42,966 | $34,738 | 13.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Different companies have different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
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 Jerome, OH Solar Cost FAQs
What is the average cost of installing solar panels in Jerome?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Jerome?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property 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 bang for your buck from going solar.
Is making the switch to solar worth it?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out how many solar panels 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 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.