Solar Panel Cost Guide in Rocky River, OH (Oct 2022)

  • Rocky River Solar Installation Cost: $14,121
  • 25-Year Savings: $17,010
  • Payback Period: 11.3 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Rocky River

Find out what the average cost of solar panels are in Rocky River.

The average cost of a solar panel system in Rocky River is $3 per watt. The average Rocky River homeowner needs a 7.9-kilowatt system, which would cost about $14,121, or $10,450 after the federal solar tax credit of 30% is applied.

The true cost of your system can go higher or lower than the average in Rocky River depending on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. Despite the large upfront cost, the average Rocky River homeowner can save around $15,000 on their electricity bills over 20 years, which is one of the positives of solar.

To get a free estimate from a pre-vetted solar installer in Rocky River, you can click the button below.

Solar savings over time in Rocky River

Year Return on Investment
1 years $-12,876
3 years $-10,385
5 years $-7,895
7 years $-5,404
9 years $-2,914
11 years $-423
13 years $2,067
15 years $4,557
17 years $7,048
19 years $9,538
21 years $12,029
23 years $14,519
25 years $17,010

Top Solar Installers in Rocky River

Many homeowners choose to hire a solar panel company since trying to put up solar panels by yourself can be hard. Plus, if you're unsure what kind of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.

If you're on the hunt for a solar company in Rocky River, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Rocky River

Factors that Affect Solar Panel Costs in Rocky River

For many Rocky River homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Rocky River, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

The size of the solar system you need is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,560. The brand of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than 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 researching a solar system that falls within 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 Rocky River, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.

Solar Panel Installation Company

Lastly, the company you opt for to install your solar panels can play a part in determining the cost. Rocky River's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the 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 $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

Solar Incentives in Rocky River

Name Hamilton County - Home Improvement Program
Incentive Amount $50,000
Website Visit here
More Info Click here

Name Local Option - Special Energy Improvement Districts
More Info Click here

Name Energy Conservation for Ohioans (ECO-Link) Program
Website Visit here
More Info Click here

Name Solar Renewable Energy Certificates Program (SRECs)
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

Since the type of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
  • Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
  • Reputation: Companies that have been operating for many years likely have a solid 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.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Rocky River, OH Solar Cost FAQs

What is the average cost of installing solar panels in Rocky River?

The average cost of solar panels in Rocky River is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Rocky River?

Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.

How will having solar panels impact my home value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Rocky River is currently $245,400, so you could be looking at a value of about $10,061 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Rocky River is a fruitful investment.

How many solar panels should I get to power my home?

To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.

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.

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