Solar Panel Cost Guide in Mantua, OH (2024 Update)
- Mantua Solar Installation Cost: $18,596
- 25-Year Savings: $12,854
- Payback Period: 17.3 Years
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Average Cost of Solar Panels in Mantua
Let’s have a look at the average cost of solar panels in Mantua.
In Mantua, solar panels cost about 3 per watt on average.The average solar panel system size in Mantua is around 7.8 kilowatts, meaning a cost of about $18,596 for a solar installation, or $26,592 before the 0 federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will most likely look different based on the amount of energy your home requires and what company you want to go with.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Mantua can save around $13,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar company in Mantua for a quote for your home.
Solar savings over time in Mantua
| Year | Return on Investment |
|---|---|
| 1 years | $-17,353 |
| 3 years | $-14,868 |
| 5 years | $-12,383 |
| 7 years | $-9,898 |
| 9 years | $-7,412 |
| 11 years | $-4,927 |
| 13 years | $-2,442 |
| 15 years | $43 |
| 17 years | $2,529 |
| 19 years | $5,014 |
| 21 years | $7,499 |
| 23 years | $9,984 |
| 25 years | $12,469 |
Top Solar Installers in Mantua
When switching to solar energy, many homeowners decide to use a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Another upside of using a solar installer is that they can help you make the most of your ROI by bringing down your future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Mantua
Factors that Affect Solar Panel Costs in Mantua
There are many criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.The brand and kind of equipment you choose 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 come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Mantua, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $5,757 | 18.0 years |
| 8 kW | $3.48 | $19,478 | $8,057 | 17.7 years |
| 10 kW | $3.41 | $23,870 | $10,549 | 17.3 years |
| 12 kW | $3.34 | $28,071 | $13,232 | 17.0 years |
| 14 kW | $3.27 | $32,081 | $16,106 | 16.6 years |
| 16 kW | $3.21 | $35,900 | $19,170 | 16.3 years |
| 18 kW | $3.14 | $39,529 | $22,426 | 16.0 years |
| 20 kW | $3.07 | $42,966 | $25,872 | 15.6 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:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Installation Process: When making the switch to solar energy, it’s essential to keep an open line of communication with your solar company. Confirm that you understand how the installation process works and the completion timeline.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Mantua, OH Solar Cost FAQs
How much does it cost to install solar panels in Mantua?
This is a difficult question to answer exactly, 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Mantua?
Solar panels aren’t free in Mantua, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will solar panels impact how much my home is worth?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.