Solar Panel Cost Guide in Northfield Center, OH (2024 Update)
- Northfield Center Solar Installation Cost: $18,650
- 25-Year Savings: $14,297
- Payback Period: 16.5 Years
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Average Cost of Solar Panels in Northfield Center
Find out what the average cost of solar panel installation is in Northfield Center.
The average cost of solar panels in Northfield Center is 3 per watt.Since a 7.8-kW system is needed to cover the energy needs of a typical home in Northfield Center, the average price of going solar will be about $18,650 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of equipment you want to get, your solar contractor and more.Many homeowners find going solar is a solid investment. The average homeowner in Northfield Center can save about $14,000 on their electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Northfield Center
| Year | Return on Investment |
|---|---|
| 1 years | $-17,396 |
| 3 years | $-14,888 |
| 5 years | $-12,381 |
| 7 years | $-9,873 |
| 9 years | $-7,365 |
| 11 years | $-4,858 |
| 13 years | $-2,350 |
| 15 years | $157 |
| 17 years | $2,665 |
| 19 years | $5,173 |
| 21 years | $7,680 |
| 23 years | $10,188 |
| 25 years | $12,695 |
Top Solar Installers in Northfield Center
Many homeowners choose to hire a solar installer since figuring out how to install solar panels on your own can be a lot of work. Some solar installers, especially local ones, can help you make the most of incentives in Northfield Center, optimizing your ROI.
There are several 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
See all of the solar companies in Northfield Center
Factors that Affect Solar Panel Costs in Northfield Center
There are a number of criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,410. There are many different solar panel brands and the one you choose also changes the cost. In general, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Northfield Center, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.Even though solar loans make adopting solar energy more accessible for Northfield Center homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installation company you choose will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Northfield Center have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $3.55 | $14,895 | $6,836 | 17.1 years |
| 8 kW | $3.48 | $19,478 | $9,497 | 16.8 years |
| 10 kW | $3.41 | $23,870 | $12,349 | 16.5 years |
| 12 kW | $3.34 | $28,071 | $15,392 | 16.1 years |
| 14 kW | $3.27 | $32,081 | $18,625 | 15.8 years |
| 16 kW | $3.21 | $35,900 | $22,050 | 15.5 years |
| 18 kW | $3.14 | $39,529 | $25,665 | 15.2 years |
| 20 kW | $3.07 | $42,966 | $29,472 | 14.8 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar company, make sure you read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Northfield Center, OH Solar Cost FAQs
How much does it cost to install solar panels in Northfield Center?
The average cost of solar panels in Northfield Center is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Northfield Center?
You can’t get solar panels for free in Northfield Center. 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 prefer to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Northfield Center, 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.
How long do solar panels last in Northfield Center?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.