Solar Panel Cost Guide in Orrville, OH (2024 Update)
- Orrville Solar Installation Cost: $18,456
- 25-Year Savings: $14,050
- Payback Period: 16.5 Years
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Average Cost of Solar Panels in Orrville
Find out what the average cost of solar panel installation is in Orrville.
While the national average of solar panels is $2.66 per watt, solar panels in Orrville generally cost about 3.To cover the typical energy needs of the average home in Orrville, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $18,456, or $26,392 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of going solar can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what installation company you go with.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $14,000 over 20 years on utility bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Orrville
| Year | Return on Investment |
|---|---|
| 1 years | $-17,236 |
| 3 years | $-14,796 |
| 5 years | $-12,355 |
| 7 years | $-9,915 |
| 9 years | $-7,474 |
| 11 years | $-5,034 |
| 13 years | $-2,593 |
| 15 years | $-153 |
| 17 years | $2,287 |
| 19 years | $4,728 |
| 21 years | $7,168 |
| 23 years | $9,609 |
| 25 years | $12,049 |
Top Solar Installers in Orrville
When going solar, many homeowners decide to hire a solar company since installing solar panels yourself can be a challenging project. Another good thing about going with a reputable solar installer is that it'll provide warranties and free repairs, which help protect your investment.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Orrville
Factors that Affect Solar Panel Costs in Orrville
Although the average cost of a solar system in Orrville is $18,456, your final cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $3,410 per kilowatt in Orrville.The brand and type of equipment you want 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 a small roof 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 additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Orrville homeowners opt to finance their solar panel systems to offset upfront costs.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies in Orrville, and each can charge varying amounts for labor and equipment.Additionally, some companies in Orrville have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $3.55 | $14,895 | $6,760 | 17.2 years |
| 8 kW | $3.48 | $19,478 | $9,395 | 16.9 years |
| 10 kW | $3.41 | $23,870 | $12,221 | 16.5 years |
| 12 kW | $3.34 | $28,071 | $15,238 | 16.2 years |
| 14 kW | $3.27 | $32,081 | $18,446 | 15.9 years |
| 16 kW | $3.21 | $35,900 | $21,845 | 15.5 years |
| 18 kW | $3.14 | $39,529 | $25,434 | 15.2 years |
| 20 kW | $3.07 | $42,966 | $29,215 | 14.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: The model of solar panel you’d like to install plays a part in which installer you should go with, since different companies have different panels.
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: When making the switch to solar power, it’s necessary to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Orrville, OH Solar Cost FAQs
What is the average cost of installing solar panels in Orrville?
The average cost of solar panels in Orrville 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Orrville?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Does Orrville have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.