Solar Panel Cost Guide in Olmsted Falls, OH (Jan 2023)

  • Olmsted Falls Solar Installation Cost: $14,121
  • 25-Year Savings: $12,788
  • Payback Period: 13.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Olmsted Falls

We go over average solar pricing in Olmsted Falls.

Although the national average of solar panels is $2.66 per watt, solar panels in Olmsted Falls generally cost around $3. The average solar panel system size in Olmsted Falls is around 7.9 kilowatts, meaning a cost of about $14,121 for a solar installation, or $10,450 after the 30% federal solar tax credit is applied.

These figures are just estimates, and the cost of going solar for you may differ based on your energy needs and what company you want to go with. With typical savings of about $13,000 on power bills over 20 years, many homeowners in Olmsted Falls find installing solar panels can be quite rewarding.

To calculate your potential savings and connect with a local solar company, click the button below.

Solar savings over time in Olmsted Falls

Year Return on Investment
1 years $-13,045
3 years $-10,892
5 years $-8,739
7 years $-6,587
9 years $-4,434
11 years $-2,281
13 years $-128
15 years $2,024
17 years $4,177
19 years $6,330
21 years $8,482
23 years $10,635
25 years $12,788

Top Solar Installers in Olmsted Falls

When switching to solar energy, many homeowners opt to use a solar company since overseeing your solar installation yourself can be a time-consuming project. The payback period on a solar system will vary depending on factors like your location and energy needs, but going with a solar installer can shorten it. Your provider will be able to help you identify incentives available in your area.

If you're looking for a solar installer in Olmsted Falls, the EcoWatch team has compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Olmsted Falls

Factors that Affect Solar Panel Costs in Olmsted Falls

Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Olmsted Falls: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment

The size of the solar system you need for your household, 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 around $2,560. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Olmsted Falls average.

Solar Financing Terms

Most solar installers in Olmsted Falls provide solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also adds to your all-in costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in Olmsted Falls is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services at different costs. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and go with the company that offers the products, warranties and services you're looking for and also is within your budget.

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 $9,314 13.6 years
8 kW $2.61 $14,623 $12,705 13.4 years
10 kW $2.56 $17,920 $16,240 13.1 years
12 kW $2.51 $21,074 $19,918 12.9 years
14 kW $2.46 $24,084 $23,740 12.6 years
16 kW $2.41 $26,952 $27,705 12.3 years
18 kW $2.36 $29,676 $31,813 12.1 years
20 kW $2.30 $32,256 $36,064 11.8 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:

  • Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
  • Solar Panel Brands: The type of solar panel you need to install plays a part in which installer you should go with, since different companies offer different panels.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
  • Warranty: If you're concerned about the longevity of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Olmsted Falls, OH Solar Cost FAQs

How much does it cost to install solar panels in Olmsted Falls?

The average cost of solar panels in Olmsted Falls is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.

Is cost the most important thing to consider when buying solar panels?

The initial cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.

Is it worth going solar in Olmsted Falls?

Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.

How long do solar panels last in Olmsted Falls?

On average, the lifespan of solar panels is 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 larger 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.

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