Solar Panel Cost Guide in Parma Heights, OH (2023 Update)
- Parma Heights Solar Installation Cost: $14,116
- 25-Year Savings: $17,015
- Payback Period: 11.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Parma Heights
We break down average solar pricing in Parma Heights.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Parma Heights, the typical cost of a solar system is 2.56 per watt. To account for the typical energy needs of the average home in Parma Heights, most homeowners require a 7.9-kilowatt system. Using the figure above, a solar installation costs about $14,121, or $20,193 before the federal solar tax credit of 30% is applied.
How much you pay can go above or below the average in Parma Heights based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. Despite the significant upfront cost, the average Parma Heights homeowner can save around $15,000 on their power bills over 20 years, which is one of the positives of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Parma Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-14,012 |
| 3 years | $-13,805 |
| 5 years | $-13,597 |
| 7 years | $-13,389 |
| 9 years | $-13,182 |
| 11 years | $-12,974 |
| 13 years | $-12,767 |
| 15 years | $-12,559 |
| 17 years | $-12,352 |
| 19 years | $-12,144 |
| 21 years | $-11,937 |
| 23 years | $-11,729 |
| 25 years | $-11,522 |
Top Solar Installers in Parma Heights
When switching to solar energy, many homeowners prefer to use a solar installer since installing solar panels yourself can be a challenging project. Companies can also offer access to a large variety of the best solar panels and help you pick which one will be right for your family.
If you'd like to switch to solar energy but still aren't certain which solar company to go with, here are our suggestions for providers nearby:
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 Parma Heights
Factors that Affect Solar Panel Costs in Parma Heights
For many Parma Heights homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Parma Heights, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you just 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 solar out of pocket can be difficult. Solar loans are offered by most installers in Parma Heights, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Parma Heights, and each can charge different amounts for labor and equipment. Additionally, some companies in Parma Heights 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 | $2.66 | $11,182 | $12,530 | 11.8 years |
| 8 kW | $2.61 | $14,623 | $16,993 | 11.6 years |
| 10 kW | $2.56 | $17,920 | $21,600 | 11.3 years |
| 12 kW | $2.51 | $21,074 | $26,350 | 11.1 years |
| 14 kW | $2.46 | $24,084 | $31,244 | 10.9 years |
| 16 kW | $2.41 | $26,952 | $36,281 | 10.7 years |
| 18 kW | $2.36 | $29,676 | $41,461 | 10.4 years |
| 20 kW | $2.30 | $32,256 | $46,784 | 10.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: The type of solar panel you'd like plays a role in which company you should opt for, since different companies provide different panels.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Parma Heights, OH Solar Cost FAQs
What is the average cost of installing solar panels in Parma Heights?
The average cost of solar panels in Parma Heights 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Parma Heights?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does Parma Heights have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Parma Heights?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.