Solar Panel Cost Guide in Reminderville, OH (2023 Update)
- Reminderville Solar Installation Cost: $13,996
- 25-Year Savings: $12,756
- Payback Period: 13.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Reminderville
Let's take a look at the average cost of solar in Reminderville.
While the national average of solar panels is $2.66 per watt, solar panels in Reminderville typically cost around 2.56. The average solar panel system size in Reminderville is around 7.8 kilowatts, meaning a cost of about $13,996 for a solar installation, or $20,014 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will vary based on the amount of energy your home requires and what company you want to go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Reminderville can save about $13,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar installer in Reminderville for a quote for your home.
Solar savings over time in Reminderville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,925 |
| 3 years | $-10,785 |
| 5 years | $-8,645 |
| 7 years | $-6,505 |
| 9 years | $-4,365 |
| 11 years | $-2,225 |
| 13 years | $-85 |
| 15 years | $2,055 |
| 17 years | $4,196 |
| 19 years | $6,336 |
| 21 years | $8,476 |
| 23 years | $10,616 |
| 25 years | $12,756 |
Top Solar Installers in Reminderville
When switching to solar energy, many homeowners prefer to hire a solar company since handling can be a difficult project. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Reminderville
Factors that Affect Solar Panel Costs in Reminderville
Although the average cost of a solar system in Reminderville is $13,996, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of a solar system in Reminderville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by about $2,560 for each additional kilowatt you need. The type of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to think 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Reminderville to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can play a role in determining your pricing. Reminderville's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Reminderville are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $9,362 | 13.6 years |
| 8 kW | $2.61 | $14,623 | $12,769 | 13.3 years |
| 10 kW | $2.56 | $17,920 | $16,319 | 13.1 years |
| 12 kW | $2.51 | $21,074 | $20,013 | 12.8 years |
| 14 kW | $2.46 | $24,084 | $23,851 | 12.6 years |
| 16 kW | $2.41 | $26,952 | $27,831 | 12.3 years |
| 18 kW | $2.36 | $29,676 | $31,955 | 12.0 years |
| 20 kW | $2.30 | $32,256 | $36,223 | 11.8 years |
How to Save on Solar Panels
There are a lot of companies available in Reminderville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Reminderville, OH Solar Cost FAQs
What is the average cost of installing solar panels in Reminderville?
The average cost of solar panels in Reminderville is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Reminderville?
Solar panels aren't free in Reminderville, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Reminderville is currently $234,607, so you can look forward to a value of about $9,619 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Reminderville is a worthwhile investment.
How often do you have to replace solar panels?
Although 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 the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had 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.