Solar Panel Cost Guide in North Ridgeville, OH (2023 Update)
- North Ridgeville Solar Installation Cost: $12,687
- 25-Year Savings: $14,221
- Payback Period: 11.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in North Ridgeville
We go over average solar pricing in North Ridgeville.
In North Ridgeville, solar panels cost about 2.56 per watt on average. The average solar panel system size in North Ridgeville is around 7.1 kilowatts, meaning a cost of about $12,687 for a solar installation, or $18,142 before the 30% federal solar tax credit is applied.
How much you pay can go higher or lower than the average in North Ridgeville based on a few factors, such as the type of solar panels you choose and the solar company you hire. Many homeowners find installing a solar system is a sound investment. The average homeowner in North Ridgeville can save about $14,000 on their energy bills over 20 years.
Click the button below to get connected to a highly rated solar company in your area for a custom quote.
Solar savings over time in North Ridgeville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,611 |
| 3 years | $-9,458 |
| 5 years | $-7,306 |
| 7 years | $-5,153 |
| 9 years | $-3,000 |
| 11 years | $-848 |
| 13 years | $1,305 |
| 15 years | $3,458 |
| 17 years | $5,611 |
| 19 years | $7,763 |
| 21 years | $9,916 |
| 23 years | $12,069 |
| 25 years | $14,221 |
Top Solar Installers in North Ridgeville
Many homeowners opt for a solar installer since trying to put up solar panels on your own can be hard. The expertise that solar companies offer can be useful as well, particularly if you don't quite know what type of solar equipment would be right for your home.
There are various licensed solar professionals that can take care of your solar installation project. 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 Ridgeville
Factors that Affect Solar Panel Costs in North Ridgeville
Though the average cost of a solar system in North Ridgeville is $12,687, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most important 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 about $2,560 per kilowatt in North Ridgeville. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like North Ridgeville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your total costs, so it's important to consider that 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
Finally, the company you hire to install your solar system can influence the cost. North Ridgeville's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in North Ridgeville know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $11,631 | 12.3 years |
| 8 kW | $2.61 | $14,623 | $15,794 | 12.0 years |
| 10 kW | $2.56 | $17,920 | $20,101 | 11.8 years |
| 12 kW | $2.51 | $21,074 | $24,552 | 11.5 years |
| 14 kW | $2.46 | $24,084 | $29,146 | 11.3 years |
| 16 kW | $2.41 | $26,952 | $33,883 | 11.1 years |
| 18 kW | $2.36 | $29,676 | $38,763 | 10.8 years |
| 20 kW | $2.30 | $32,256 | $43,787 | 10.6 years |
How to Save on Solar Panels
There are a lot of companies to choose from in North Ridgeville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: Before signing a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
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 Ridgeville, OH Solar Cost FAQs
What is the average cost of installing solar panels in North Ridgeville?
This is a hard question to answer exactly, because the cost depends on a few different 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 be more expensive if you want other 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 go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in North Ridgeville?
You can't get solar panels for free in North Ridgeville. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
How will having solar panels impact the value of my home?
Installing solar panels on 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 $182,300, which means you could be looking at a value of about $7,474 more than houses without a solar system. The exact 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?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.