Solar Panel Cost Guide in Medina, OH (2024 Update)
- Medina Solar Installation Cost: $18,134
- 25-Year Savings: $16,344
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Medina
Here’s how much it might cost to switch to solar power in Medina.
The national average cost of solar panels is $2.66 per watt, but in Medina it’s 3 per watt.Since a 7.6-kW system is needed to cover the energy consumption of a typical home in Medina, the average price of going solar will be about $18,134 after claiming the federal solar tax credit of 0.
The true price you pay can be above or below the average in Medina depending on several factors, such as the brand of solar panels you choose and the solar installer you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Medina can save about $15,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Medina for a customized estimate.
Solar savings over time in Medina
| Year | Return on Investment |
|---|---|
| 1 years | $-16,914 |
| 3 years | $-14,473 |
| 5 years | $-12,033 |
| 7 years | $-9,592 |
| 9 years | $-7,152 |
| 11 years | $-4,711 |
| 13 years | $-2,271 |
| 15 years | $170 |
| 17 years | $2,610 |
| 19 years | $5,050 |
| 21 years | $7,491 |
| 23 years | $9,931 |
| 25 years | $12,372 |
Top Solar Installers in Medina
Many homeowners opt for a solar installer since installing solar panels on your own can be time-consuming. Plus, if you aren’t sure what kind of solar panels and equipment you 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 take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Medina
Factors that Affect Solar Panel Costs in Medina
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Medina: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Medina, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Medina, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, 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
Most solar companies in Medina have solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also increases your total costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you select will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.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 with an above-average cost. It’s best to do some research and decide on the company that has the products, warranties and services you’re looking for and also fits 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 | $8,765 | 15.7 years |
| 8 kW | $3.48 | $19,478 | $12,069 | 15.4 years |
| 10 kW | $3.41 | $23,870 | $15,564 | 15.1 years |
| 12 kW | $3.34 | $28,071 | $19,250 | 14.8 years |
| 14 kW | $3.27 | $32,081 | $23,126 | 14.5 years |
| 16 kW | $3.21 | $35,900 | $27,194 | 14.2 years |
| 18 kW | $3.14 | $39,529 | $31,452 | 13.9 years |
| 20 kW | $3.07 | $42,966 | $35,902 | 13.6 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, completion timeline rebates and warranties.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of 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 positive reviews from previous customers.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Medina, OH Solar Cost FAQs
What is the average cost of installing solar panels in Medina?
The average cost of solar panels in Medina 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 stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Medina?
Solar panels aren’t free in Medina, 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 you can take advantage of.
Is it worth going solar in Medina?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a 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 get between 20 and 35 panels to account for 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.