Solar Panel Cost Guide in Middlefield, OH (2024 Update)
- Middlefield Solar Installation Cost: $18,571
- 25-Year Savings: $13,124
- Payback Period: 17.2 Years
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Average Cost of Solar Panels in Middlefield
Let’s have a look at the average cost of solar panels in Middlefield.
The average cost of solar panels in Middlefield is 3 per watt.To account for the typical energy needs of the average home in Middlefield, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs about $18,571, or $26,557 before the federal solar tax credit of 0 is applied.
These figures are only averages, and how much solar costs for you may look different based on the amount of energy your home requires and what company you choose to go with.With typical savings of about $13,000 on power bills over 20 years, many homeowners in Middlefield find investing in solar has a decent ROI.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Middlefield
| Year | Return on Investment |
|---|---|
| 1 years | $-17,317 |
| 3 years | $-14,810 |
| 5 years | $-12,302 |
| 7 years | $-9,794 |
| 9 years | $-7,287 |
| 11 years | $-4,779 |
| 13 years | $-2,272 |
| 15 years | $236 |
| 17 years | $2,744 |
| 19 years | $5,251 |
| 21 years | $7,759 |
| 23 years | $10,267 |
| 25 years | $12,774 |
Top Solar Installers in Middlefield
Installing solar panels on your own can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
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 near you:
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 Middlefield
Factors that Affect Solar Panel Costs in Middlefield
The cost of installing a solar system in Middlefield can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Middlefield, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Middlefield to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Middlefield, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $5,978 | 17.8 years |
| 8 kW | $3.48 | $19,478 | $8,353 | 17.5 years |
| 10 kW | $3.41 | $23,870 | $10,918 | 17.2 years |
| 12 kW | $3.34 | $28,071 | $13,675 | 16.8 years |
| 14 kW | $3.27 | $32,081 | $16,622 | 16.5 years |
| 16 kW | $3.21 | $35,900 | $19,761 | 16.1 years |
| 18 kW | $3.14 | $39,529 | $23,090 | 15.8 years |
| 20 kW | $3.07 | $42,966 | $26,611 | 15.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies carry different brands and models of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the completion timeline.
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 Middlefield, OH Solar Cost FAQs
How much does it cost to install solar panels in Middlefield?
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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Middlefield?
You can’t get solar panels for free in Middlefield. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Middlefield is currently $257,224, so you can look forward to a value of about $10,546 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Middlefield is a rewarding investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.