Solar Panel Cost Guide in North Canton, OH (2023 Update)
- North Canton Solar Installation Cost: $13,942
- 25-Year Savings: $13,487
- Payback Period: 12.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in North Canton
Find out what the average cost of a solar system is in North Canton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in North Canton, the average cost of a solar system is 2.56 per watt. To cover the typical energy usage of the average home in North Canton, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,942, or $19,937 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average North Canton homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the large initial cost, the average North Canton homeowner can save around $13,000 on their energy bills over 20 years, which is one of the benefits of solar.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in North Canton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,845 |
| 3 years | $-10,650 |
| 5 years | $-8,456 |
| 7 years | $-6,262 |
| 9 years | $-4,067 |
| 11 years | $-1,873 |
| 13 years | $321 |
| 15 years | $2,515 |
| 17 years | $4,710 |
| 19 years | $6,904 |
| 21 years | $9,098 |
| 23 years | $11,293 |
| 25 years | $13,487 |
Top Solar Installers in North Canton
When going solar, many homeowners prefer to go with a solar installer since installing solar panels yourself can be a time-consuming project. Plus, if you're not certain what brand of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can install solar panels for you. 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 Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in North Canton
Factors that Affect Solar Panel Costs in North Canton
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in North Canton: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,560. The kind of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in North Canton offer solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also adds to your all-in costs, so it's important 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 putting more money down.
Solar Panel Installation Company
The solar installation company you choose will affect your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their larger brand name and access to bulk 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 | $9,980 | 13.2 years |
| 8 kW | $2.61 | $14,623 | $13,593 | 13.0 years |
| 10 kW | $2.56 | $17,920 | $17,350 | 12.7 years |
| 12 kW | $2.51 | $21,074 | $21,250 | 12.4 years |
| 14 kW | $2.46 | $24,084 | $25,293 | 12.2 years |
| 16 kW | $2.41 | $26,952 | $29,480 | 11.9 years |
| 18 kW | $2.36 | $29,676 | $33,810 | 11.7 years |
| 20 kW | $2.30 | $32,256 | $38,283 | 11.4 years |
How to Save on Solar Panels
There are a lot of companies available in North Canton, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Make sure your solar company 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 the EcoWatch team.
- Contract: Before signing a contract with a solar installer, make sure to look it over carefully 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 if there are any guarantees about energy production.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The brand of solar panel you'd like to get plays a role in which company you should choose, since different companies offer different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's North Canton, OH Solar Cost FAQs
What is the average cost of installing solar panels in North Canton?
This is a tough question to answer exactly, because the cost depends on a variety of 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. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in North Canton is currently $156,976, so you can look forward to a value of about $6,436 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in North Canton is a rewarding investment.
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 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.