Solar Panel Cost Guide in Middlefield, OH (2023 Update)
- Middlefield Solar Installation Cost: $13,942
- 25-Year Savings: $13,124
- Payback Period: 12.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Middlefield
We go over average solar pricing in Middlefield.
The national average cost of solar panels is $2.66 per watt, but in Middlefield it's 2.56 per watt. The average solar panel system size in Middlefield is around 7.8 kilowatts, meaning a cost of about $13,942 for a solar installation, or $19,937 before the 30% federal solar tax credit is applied.
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 solar panels you want to get, your solar contractor and more. With average savings of about $13,000 on power bills over 20 years, many homeowners in Middlefield find going solar has a decent ROI.
You can click the button below to get connected with a top solar installer in Middlefield for a quote for your home.
Solar savings over time in Middlefield
| Year | Return on Investment |
|---|---|
| 1 years | $-12,688 |
| 3 years | $-10,180 |
| 5 years | $-7,673 |
| 7 years | $-5,165 |
| 9 years | $-2,658 |
| 11 years | $-150 |
| 13 years | $2,358 |
| 15 years | $4,865 |
| 17 years | $7,373 |
| 19 years | $9,880 |
| 21 years | $12,388 |
| 23 years | $14,896 |
| 25 years | $17,403 |
Top Solar Installers in Middlefield
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Hiring a solar panel installer can make your swap to solar power much easier. Companies can also have access to quality options of the best solar panels and help you decide which one will be right for your home.
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 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 Middlefield
Factors that Affect Solar Panel Costs in Middlefield
There are several criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most important 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 power your household uses, the larger your system will likely need to be. You can expect to pay around $2,560 per kilowatt in Middlefield. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Middlefield average.
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 provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can impact how much it costs. Middlefield's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 | $2.66 | $11,182 | $9,691 | 13.4 years |
| 8 kW | $2.61 | $14,623 | $13,208 | 13.1 years |
| 10 kW | $2.56 | $17,920 | $16,868 | 12.9 years |
| 12 kW | $2.51 | $21,074 | $20,672 | 12.6 years |
| 14 kW | $2.46 | $24,084 | $24,619 | 12.4 years |
| 16 kW | $2.41 | $26,952 | $28,710 | 12.1 years |
| 18 kW | $2.36 | $29,676 | $32,944 | 11.8 years |
| 20 kW | $2.30 | $32,256 | $37,321 | 11.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you'd like to get plays a role in which installer you should go with, since different companies have access to different panels.
- Warranty: If you're concerned about the durability of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: When making the switch to solar power, it's crucial to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project completion timeline.
- Contract: Review the contract terms closely to make sure you understand the total cost, project timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Middlefield, OH Solar Cost FAQs
What is the average cost of installing solar panels in Middlefield?
The average cost of solar panels in Middlefield 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 certain factors such as 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 Middlefield?
A solar panel system isn't free in Middlefield, 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 further reduce the cost.
Do solar panels increase how much your home is worth?
Solar panels can increase your property's value significantly 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."
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires 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.