Solar Panel Cost Guide in North Ridgeville, OH (2024 Update)
- North Ridgeville Solar Installation Cost: $16,893
- 25-Year Savings: $14,226
- Payback Period: 15.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in North Ridgeville
We go over average solar pricing in North Ridgeville.
The national average cost of solar panels is $2.66 per watt, but in North Ridgeville it’s 3 per watt.The average solar panel system size in North Ridgeville is around 7.1 kilowatts, meaning a cost of about $16,893 for a solar installation, or $24,157 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of solar system you choose, your solar contractor and more.But, once you've paid the initial cost of installation, the savings for most homeowners is usually good, with a net average savings of about $14,000 over 20 years on electricity bills.
To get a free estimate from a pre-vetted solar installer in North Ridgeville, you can click the button below.
Solar savings over time in North Ridgeville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,639 |
| 3 years | $-13,132 |
| 5 years | $-10,624 |
| 7 years | $-8,117 |
| 9 years | $-5,609 |
| 11 years | $-3,101 |
| 13 years | $-594 |
| 15 years | $1,914 |
| 17 years | $4,421 |
| 19 years | $6,929 |
| 21 years | $9,437 |
| 23 years | $11,944 |
| 25 years | $14,452 |
Top Solar Installers in North Ridgeville
Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be time-consuming. The expertise that solar installers provide can be helpful as well, especially if you aren’t sure what brand of solar equipment you need.
If you're looking for a solar company in North Ridgeville, 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
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 North Ridgeville
Factors that Affect Solar Panel Costs in North Ridgeville
The cost of installing a solar system in North Ridgeville can vary by more than $10,000 from home to home. Your actual cost is dependent on 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
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in North Ridgeville have solar loans, which reduce your upfront costs of installing a solar system.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in North Ridgeville, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $7,918 | 16.3 years |
| 8 kW | $3.48 | $19,478 | $10,939 | 16.0 years |
| 10 kW | $3.41 | $23,870 | $14,151 | 15.7 years |
| 12 kW | $3.34 | $28,071 | $17,555 | 15.4 years |
| 14 kW | $3.27 | $32,081 | $21,149 | 15.1 years |
| 16 kW | $3.21 | $35,900 | $24,934 | 14.8 years |
| 18 kW | $3.14 | $39,529 | $28,910 | 14.4 years |
| 20 kW | $3.07 | $42,966 | $33,077 | 14.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in North Ridgeville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 North Ridgeville, OH Solar Cost FAQs
How much does it cost to install solar panels in North Ridgeville?
This is a difficult question to answer exactly, because the cost depends on a few different 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact the value of my home?
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 North Ridgeville is currently $292,561, so you can expect a value of about $11,995 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in North Ridgeville is a rewarding investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.