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.
The average cost of a solar panel system in Mantua is 3 per watt.Since a 7.8-kW system is needed to cover the energy needs of a typical home in Mantua, the average price of going solar will be about $18,596 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of equipment you choose, your solar contractor and more.For many homeowners, the upfront investment in solar is worth paying. On average Mantua homeowners see about $13,000 in savings on utility bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a custom estimate.
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
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Hiring a solar company can make your switch to solar power much easier. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by offering warranties and repairs.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Mantua:
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 Mantua
Factors that Affect Solar Panel Costs in Mantua
For many Mantua homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Mantua, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
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 consumes, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Mantua.The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a 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 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 a solar system in cash is difficult, solar loans are an affordable route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies operating in Mantua, and each can charge different amounts for labor and equipment.Additionally, some companies in Mantua know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $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 numerous companies to choose from in Mantua, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Different companies offer different brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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 Mantua, OH Solar Cost FAQs
How much does it cost to install solar panels in Mantua?
The average cost of solar panels in Mantua 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 certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Mantua?
A solar panel system isn’t free in Mantua, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase your home value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t opt for 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?
To figure out how many solar panels 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 home 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.