Solar Panel Cost Guide in Munroe Falls, OH (Mar 2023)
- Munroe Falls Solar Installation Cost: $13,996
- 25-Year Savings: $15,142
- Payback Period: 12.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Munroe Falls
Let's have a look at the average cost of solar panels in Munroe Falls.
In Munroe Falls, solar panels cost about 2.56 per watt on average. The average solar panel system size in Munroe Falls is around 7.8 kilowatts, meaning a cost of about $13,996 for a solar installation, or $20,014 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Munroe Falls homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. With typical savings of about $14,000 on utility bills over 20 years, many homeowners in Munroe Falls find installing solar panels can pay off big.
To get a free estimate from a vetted solar installer in Munroe Falls, you can click the button below.
Solar savings over time in Munroe Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-12,830 |
| 3 years | $-10,499 |
| 5 years | $-8,168 |
| 7 years | $-5,837 |
| 9 years | $-3,506 |
| 11 years | $-1,175 |
| 13 years | $1,156 |
| 15 years | $3,487 |
| 17 years | $5,818 |
| 19 years | $8,149 |
| 21 years | $10,480 |
| 23 years | $12,811 |
| 25 years | $15,142 |
Top Solar Installers in Munroe Falls
Trying to install solar panels on your own can be a difficult task, which is why getting a solar installer is a good option for many homeowners. Plus, if you're unsure what brand of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
If you're on the hunt for a solar installer in Munroe Falls, we've put together a list of our top suggestions here:
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 Munroe Falls
Factors that Affect Solar Panel Costs in Munroe Falls
There are several criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 around $2,560 per kilowatt in Munroe Falls. There are several different solar panel brands and the one you choose also affects the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you want to install 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
Many homeowners find the average cost of solar in Munroe Falls to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time due to interest. However, the interest on solar loans also increases your overall costs, so it's important to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can influence your pricing. Munroe Falls' solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, 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 | $11,194 | 12.5 years |
| 8 kW | $2.61 | $14,623 | $15,211 | 12.3 years |
| 10 kW | $2.56 | $17,920 | $19,373 | 12.0 years |
| 12 kW | $2.51 | $21,074 | $23,677 | 11.8 years |
| 14 kW | $2.46 | $24,084 | $28,125 | 11.5 years |
| 16 kW | $2.41 | $26,952 | $32,717 | 11.3 years |
| 18 kW | $2.36 | $29,676 | $37,451 | 11.1 years |
| 20 kW | $2.30 | $32,256 | $42,329 | 10.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Not all solar installers 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 opt for.
- Contract: Before you sign a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two 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.
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 Munroe Falls, OH Solar Cost FAQs
What is the average cost of installing solar panels in Munroe Falls?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Munroe Falls?
You can't get solar panels for free in Munroe Falls. 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'd prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on energy bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Munroe Falls, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
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 amount of 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 install 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.