Solar Panel Cost Guide in Mogadore, OH (2024 Update)
- Mogadore Solar Installation Cost: $18,623
- 25-Year Savings: $12,457
- Payback Period: 17.6 Years
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Average Cost of Solar Panels in Mogadore
We break down average solar pricing in Mogadore.
While the national average of solar panels is $2.66 per watt, solar panels in Mogadore generally cost about 3.To account for the typical energy usage of the average home in Mogadore, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs about $18,623, or $26,631 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and your own solar costs may differ based on factors unique to your home and what company you want to go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Mogadore can save around $13,000 on their energy bills over 20 years.
To get a free quote from a vetted solar installer in Mogadore, you can click the button below.
Solar savings over time in Mogadore
| Year | Return on Investment |
|---|---|
| 1 years | $-17,403 |
| 3 years | $-14,962 |
| 5 years | $-12,522 |
| 7 years | $-10,081 |
| 9 years | $-7,641 |
| 11 years | $-5,200 |
| 13 years | $-2,760 |
| 15 years | $-319 |
| 17 years | $2,121 |
| 19 years | $4,562 |
| 21 years | $7,002 |
| 23 years | $9,442 |
| 25 years | $11,883 |
Top Solar Installers in Mogadore
Although you can install solar panels on your own, it involves extra energy and knowledge. That's one of the reasons most people choose a solar panel installer. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you’d like to go solar but still aren’t certain which solar system company to go with, here are our recommendations for providers 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 Mogadore
Factors that Affect Solar Panel Costs in Mogadore
Although the average cost of a solar system in Mogadore is $18,623, your actual cost may differ. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the price of a solar panel system in Mogadore, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $3,410 for each additional kilowatt you need.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Mogadore average.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid route because they lower your upfront costs and let you pay for your system over five to seven years on average.While solar loans make going solar more accessible for Mogadore homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.55 | $14,895 | $5,437 | 18.3 years |
| 8 kW | $3.48 | $19,478 | $7,631 | 18.0 years |
| 10 kW | $3.41 | $23,870 | $10,016 | 17.6 years |
| 12 kW | $3.34 | $28,071 | $12,592 | 17.3 years |
| 14 kW | $3.27 | $32,081 | $15,359 | 16.9 years |
| 16 kW | $3.21 | $35,900 | $18,317 | 16.6 years |
| 18 kW | $3.14 | $39,529 | $21,466 | 16.2 years |
| 20 kW | $3.07 | $42,966 | $24,806 | 15.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you’re worried about the endurance of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Mogadore, OH Solar Cost FAQs
What is the average cost of installing solar panels in Mogadore?
The average cost of solar panels in Mogadore is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Mogadore?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Does Mogadore have a net metering program?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs 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 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.