Solar Panel Cost Guide in Norwalk, OH (2024 Update)
- Norwalk Solar Installation Cost: $16,530
- 25-Year Savings: $17,583
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Norwalk
Find out how much it might cost to switch to solar power in Norwalk.
Although the national average of solar panels is $2.66 per watt, solar panels in Norwalk generally cost around 3.To account for the typical energy needs of the average home in Norwalk, most homeowners require a 6.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,530, or $23,638 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar panels you want, your solar contractor and more.Even with the high initial cost, the average Norwalk homeowner can save about $16,000 on their power bills over 20 years, which is one of the perks of solar.
To get a free quote from a vetted solar company in Norwalk, you can click the button below.
Solar savings over time in Norwalk
| Year | Return on Investment |
|---|---|
| 1 years | $-15,310 |
| 3 years | $-12,870 |
| 5 years | $-10,429 |
| 7 years | $-7,989 |
| 9 years | $-5,548 |
| 11 years | $-3,108 |
| 13 years | $-667 |
| 15 years | $1,773 |
| 17 years | $4,214 |
| 19 years | $6,654 |
| 21 years | $9,094 |
| 23 years | $11,535 |
| 25 years | $13,975 |
Top Solar Installers in Norwalk
When switching to solar energy, many homeowners choose to go with a solar company since putting up a solar system yourself can be a difficult project. Another advantage of working with a solar installer is that they can help you maximize your return of investment by lowering your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Norwalk
Factors that Affect Solar Panel Costs in Norwalk
There are many criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,410. The kind of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Norwalk to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you pick will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $11,091 | 14.3 years |
| 8 kW | $3.48 | $19,478 | $15,170 | 14.1 years |
| 10 kW | $3.41 | $23,870 | $19,440 | 13.8 years |
| 12 kW | $3.34 | $28,071 | $23,901 | 13.5 years |
| 14 kW | $3.27 | $32,081 | $28,552 | 13.2 years |
| 16 kW | $3.21 | $35,900 | $33,395 | 13.0 years |
| 18 kW | $3.14 | $39,529 | $38,429 | 12.7 years |
| 20 kW | $3.07 | $42,966 | $43,653 | 12.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
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 Norwalk, OH Solar Cost FAQs
What is the average cost of installing solar panels in Norwalk?
The average cost of solar panels in Norwalk 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Norwalk?
Solar panels aren’t free in Norwalk, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels completely eradicate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Norwalk, 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 contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.