Solar Panel Cost Guide in Ravenna, OH (2024 Update)
- Ravenna Solar Installation Cost: $18,596
- 25-Year Savings: $12,477
- Payback Period: 17.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Ravenna
Find out what the average cost of solar panels are in Ravenna.
In Ravenna, solar panels cost about 3 per watt on average.To cover the typical energy needs of the average home in Ravenna, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $18,596, or $26,592 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary depending on several factors, such as what size system you need, your energy usage and what installation company you go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $13,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar company in Ravenna for a quote for your home.
Solar savings over time in Ravenna
| Year | Return on Investment |
|---|---|
| 1 years | $-17,376 |
| 3 years | $-14,935 |
| 5 years | $-12,495 |
| 7 years | $-10,054 |
| 9 years | $-7,614 |
| 11 years | $-5,173 |
| 13 years | $-2,733 |
| 15 years | $-292 |
| 17 years | $2,148 |
| 19 years | $4,588 |
| 21 years | $7,029 |
| 23 years | $9,469 |
| 25 years | $11,910 |
Top Solar Installers in Ravenna
Although it's possible to install solar panels by yourself, it requires extra energy and expertise. Because of that, almost all homeowners choose a solar panel installer. Another great thing about choosing a reliable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
If you’d like to switch to solar energy but still aren’t sure which solar system company to go with, here are our suggestions for providers in Ravenna:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Ravenna
Factors that Affect Solar Panel Costs in Ravenna
Although the average cost of a solar system in Ravenna is $18,596, your actual cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.There are many different solar panel brands and the one you pick also changes the cost. Typically, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Ravenna have solar loans, which reduce your upfront costs of installing solar panels.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating in Ravenna, and each can charge different amounts for labor and equipment.Additionally, some companies in Ravenna have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $3.55 | $14,895 | $5,466 | 18.3 years |
| 8 kW | $3.48 | $19,478 | $7,670 | 17.9 years |
| 10 kW | $3.41 | $23,870 | $10,065 | 17.6 years |
| 12 kW | $3.34 | $28,071 | $12,651 | 17.2 years |
| 14 kW | $3.27 | $32,081 | $15,428 | 16.9 years |
| 16 kW | $3.21 | $35,900 | $18,396 | 16.5 years |
| 18 kW | $3.14 | $39,529 | $21,555 | 16.2 years |
| 20 kW | $3.07 | $42,966 | $24,904 | 15.8 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Ravenna, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of 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.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: When making the switch to solar energy, it’s necessary to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Ravenna, OH Solar Cost FAQs
What is the average cost of installing solar panels in Ravenna?
The average cost of solar panels in Ravenna is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Ravenna?
A solar panel system isn’t free in Ravenna, 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 can further reduce the cost.
Can you sell solar power back to the grid in Ravenna?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation 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.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.