Solar Panel Cost Guide in Mantua, OH (2023 Update)
- Mantua Solar Installation Cost: $13,960
- 25-Year Savings: $12,855
- Payback Period: 13.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mantua
Let's have a look at the average cost of solar in Mantua.
While the national average of solar panels is $2.66 per watt, solar panels in Mantua generally cost about 2.56. To account for the typical energy needs of the average home in Mantua, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs about $13,960, or $19,963 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Mantua homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the significant initial cost, the average Mantua homeowner can save around $13,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar panel company in your area for a customized estimate.
Solar savings over time in Mantua
| Year | Return on Investment |
|---|---|
| 1 years | $-12,887 |
| 3 years | $-10,742 |
| 5 years | $-8,597 |
| 7 years | $-6,452 |
| 9 years | $-4,306 |
| 11 years | $-2,161 |
| 13 years | $-16 |
| 15 years | $2,129 |
| 17 years | $4,274 |
| 19 years | $6,419 |
| 21 years | $8,564 |
| 23 years | $10,710 |
| 25 years | $12,855 |
Top Solar Installers in Mantua
Although you can install solar panels on your own, it takes extra energy and expertise. For that reason, most homeowners choose a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Mantua:
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 Mantua
Factors that Affect Solar Panel Costs in Mantua
Although the average cost of a solar system in Mantua is $13,960, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most significant 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 power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,560 per kilowatt in Mantua. There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Mantua, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. Although solar loans make switching to solar energy more accessible for Mantua homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Mantua, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $2.66 | $11,182 | $9,469 | 13.5 years |
| 8 kW | $2.61 | $14,623 | $12,913 | 13.3 years |
| 10 kW | $2.56 | $17,920 | $16,499 | 13.0 years |
| 12 kW | $2.51 | $21,074 | $20,229 | 12.8 years |
| 14 kW | $2.46 | $24,084 | $24,102 | 12.5 years |
| 16 kW | $2.41 | $26,952 | $28,119 | 12.2 years |
| 18 kW | $2.36 | $29,676 | $32,279 | 12.0 years |
| 20 kW | $2.30 | $32,256 | $36,582 | 11.7 years |
How to Save on Solar Panels
There are many companies to choose from in Mantua, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The kind of solar panel you'd like to get plays a part in which installer you should opt for, since different companies provide different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
- Installation Process: Make sure you're on the same page 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 your electrical system or roof.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost 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 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 $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mantua is currently $217,672, so you could be looking at a value of about $8,925 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Mantua 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 usually 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.