Solar Panel Cost Guide in Pleasant Run, OH (2023 Update)
- Pleasant Run Solar Installation Cost: $13,240
- 25-Year Savings: $15,016
- Payback Period: 11.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pleasant Run
Find out what the average cost of solar panels are in Pleasant Run.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pleasant Run, the typical cost of a solar system is 2.56 per watt. Using this figure, a typical 7.4-kW system would cost about $13,243 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Pleasant Run homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $15,000 over 20 years on power bills.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Pleasant Run
| Year | Return on Investment |
|---|---|
| 1 years | $-13,146 |
| 3 years | $-12,957 |
| 5 years | $-12,769 |
| 7 years | $-12,581 |
| 9 years | $-12,392 |
| 11 years | $-12,204 |
| 13 years | $-12,016 |
| 15 years | $-11,827 |
| 17 years | $-11,639 |
| 19 years | $-11,450 |
| 21 years | $-11,262 |
| 23 years | $-11,074 |
| 25 years | $-10,885 |
Top Solar Installers in Pleasant Run
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using a solar panel installer can make your swap to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
Working with a licensed solar installer 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 Pleasant Run
Factors that Affect Solar Panel Costs in Pleasant Run
There are several factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,560. The type of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in Pleasant Run, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's wise to include 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 pick will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 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 can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Solar Panel Brands: Different companies carry different brands and types of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: When making the switch to solar energy, it's essential to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project timeline.
- 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 expectations you should have about the cost.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Pleasant Run, OH Solar Cost FAQs
What is the average cost of installing solar panels in Pleasant Run?
This is a hard question to answer exactly, because the cost depends on many factors. Generally 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 extra 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 choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Pleasant Run?
A solar panel system isn't free in Pleasant Run, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Pleasant Run?
The majority of states offer 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 utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose 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.