Solar Panel Cost Guide in Northfield Center, OH (2023 Update)
- Northfield Center Solar Installation Cost: $13,996
- 25-Year Savings: $14,303
- Payback Period: 12.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Northfield Center
Let's take a look at the average cost of solar panels in Northfield Center.
The national average cost of solar panels is $2.66 per watt, but in Northfield Center it's 2.56 per watt. The average Northfield Center homeowner needs a 7.8-kilowatt system, which would cost about $13,996 with the federal tax credit, or $20,014 before the 30% tax credit is applied.
These figures are just averages, and how much solar costs for you may look different based on the amount of energy your home requires and what company you go with. With typical savings of about $14,000 on electricity bills over 20 years, many homeowners in Northfield Center find installing solar panels can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar installer in Northfield Center that can help you get a more accurate cost estimate for your home.
Solar savings over time in Northfield Center
| Year | Return on Investment |
|---|---|
| 1 years | $-12,864 |
| 3 years | $-10,600 |
| 5 years | $-8,336 |
| 7 years | $-6,072 |
| 9 years | $-3,808 |
| 11 years | $-1,544 |
| 13 years | $720 |
| 15 years | $2,983 |
| 17 years | $5,247 |
| 19 years | $7,511 |
| 21 years | $9,775 |
| 23 years | $12,039 |
| 25 years | $14,303 |
Top Solar Installers in Northfield Center
When going solar, many homeowners prefer to use a solar installation company since handling can be a time-consuming project. Companies can also have access to various kinds of the best solar panels and help you choose which one will be right for your family.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 Northfield Center
Factors that Affect Solar Panel Costs in Northfield Center
The cost of installing a solar system in Northfield Center can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Northfield Center have solar loans, which reduce your upfront costs of installing solar. Although solar loans make going solar more accessible for Northfield Center homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Northfield Center is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that provide a range of services at different costs. The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $2.66 | $11,182 | $10,549 | 12.9 years |
| 8 kW | $2.61 | $14,623 | $14,352 | 12.6 years |
| 10 kW | $2.56 | $17,920 | $18,299 | 12.4 years |
| 12 kW | $2.51 | $21,074 | $22,389 | 12.1 years |
| 14 kW | $2.46 | $24,084 | $26,622 | 11.9 years |
| 16 kW | $2.41 | $26,952 | $30,999 | 11.6 years |
| 18 kW | $2.36 | $29,676 | $35,518 | 11.4 years |
| 20 kW | $2.30 | $32,256 | $40,182 | 11.1 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, including:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Your solar installer should have a solid 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
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 Northfield Center, OH Solar Cost FAQs
What is the average cost of installing solar panels in Northfield Center?
The average cost of solar panels in Northfield Center is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost 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.
Do solar panels increase the value of your 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 Northfield Center is currently $274,028, so you could be looking at a value of about $11,235 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Northfield Center is a rewarding investment.
How long do solar panels last in Northfield Center?
On average, the lifespan of solar panels is 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 higher 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.