Solar Panel Cost Guide in Parma Heights, OH (Feb 2023)
- Parma Heights Solar Installation Cost: $14,121
- 25-Year Savings: $17,010
- Payback Period: 11.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Top Solar Installers in Parma Heights
Although it's possible to install solar panels yourself, it requires extra time and know-how. That's why almost all homeowners choose a solar panel installer. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 adopt solar energy depends 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 significantly influence the price you'll pay, which we'll go over below.
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $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 get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Parma Heights average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Parma Heights homeowners decide to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's important to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installation company you pick will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Parma Heights know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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
The solar company you opt for will affect not only your overall 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, such as:
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- 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 likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The kind of solar panel you'd like to install plays a role in which installer you should choose, since different companies provide different panels.
EcoWatch's Parma Heights, OH Solar Cost FAQs
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.