Solar Panel Cost Guide in Pleasant Run, OH (Mar 2023)
- Pleasant Run Solar Installation Cost: $13,243
- 25-Year Savings: $15,013
- Payback Period: 11.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Pleasant Run
Here's how much it might cost to make the switch to solar in Pleasant Run.
The average cost of a solar system in Pleasant Run is 2.56 per watt. Because a 7.4-kW system is needed to cover the energy costs of a typical home in Pleasant Run, the average price of going solar will be about $13,243 after claiming the federal solar tax credit of 30%.
The actual price you pay can go above or below the average in Pleasant Run depending on several factors, such as the brand of solar panels you choose and the solar company you hire. With average savings of about $15,000 on utility bills over 20 years, many homeowners in Pleasant Run find investing in solar has a decent ROI.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Pleasant Run
| Year | Return on Investment |
|---|---|
| 1 years | $-12,113 |
| 3 years | $-9,852 |
| 5 years | $-7,592 |
| 7 years | $-5,331 |
| 9 years | $-3,071 |
| 11 years | $-810 |
| 13 years | $1,450 |
| 15 years | $3,711 |
| 17 years | $5,971 |
| 19 years | $8,231 |
| 21 years | $10,492 |
| 23 years | $12,752 |
| 25 years | $15,013 |
Top Solar Installers in Pleasant Run
Installing solar panels by yourself can be a time-consuming project, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Pleasant Run
Factors that Affect Solar Panel Costs in Pleasant Run
Even though the average cost of a solar system in Pleasant Run is $13,243, your final cost may differ. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most important 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 power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Pleasant Run. The kind 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 over time on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Pleasant Run average.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your overall 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
The solar company you pick will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. 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 choose a company that provides the products, warranties and services you want and also fit into 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 | $11,764 | 12.2 years |
| 8 kW | $2.61 | $14,623 | $15,972 | 11.9 years |
| 10 kW | $2.56 | $17,920 | $20,323 | 11.7 years |
| 12 kW | $2.51 | $21,074 | $24,818 | 11.5 years |
| 14 kW | $2.46 | $24,084 | $29,456 | 11.2 years |
| 16 kW | $2.41 | $26,952 | $34,237 | 11.0 years |
| 18 kW | $2.36 | $29,676 | $39,162 | 10.8 years |
| 20 kW | $2.30 | $32,256 | $44,230 | 10.5 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Pleasant Run, OH Solar Cost FAQs
What is the average cost of installing solar panels in Pleasant Run?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact how much my home is worth?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Pleasant Run?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.