Solar Panel Cost Guide in Sagamore Hills, OH (2023 Update)
- Sagamore Hills Solar Installation Cost: $13,996
- 25-Year Savings: $12,913
- Payback Period: 13.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Sagamore Hills
Find out what the average cost of solar panels are in Sagamore Hills.
In Sagamore Hills, solar panels cost about 2.56 per watt on average. Using this figure, a typical 7.8-kW system would cost about $13,996 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. Even with the high initial cost, the average Sagamore Hills homeowner can save about $13,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a pre-vetted solar company in Sagamore Hills that can help you get a more accurate cost estimate for your home.
Solar savings over time in Sagamore Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-12,919 |
| 3 years | $-10,766 |
| 5 years | $-8,614 |
| 7 years | $-6,461 |
| 9 years | $-4,308 |
| 11 years | $-2,156 |
| 13 years | $-3 |
| 15 years | $2,150 |
| 17 years | $4,302 |
| 19 years | $6,455 |
| 21 years | $8,608 |
| 23 years | $10,761 |
| 25 years | $12,913 |
Top Solar Installers in Sagamore Hills
Trying to put up solar panels yourself can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. Another perk of using a solar company is that they can help you make the most of your investment by lowering your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
You can get a free quote from a local solar installer on how much your investment in solar could cost 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 Sagamore Hills
Factors that Affect Solar Panel Costs in Sagamore Hills
For many Sagamore Hills homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Sagamore Hills, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Sagamore Hills, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past energy bills. Your total cost can increase by around $2,560 for each additional kilowatt you need. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Sagamore Hills to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. However, the interest on solar loans also increases your all-in costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you select will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $9,482 | 13.5 years |
| 8 kW | $2.61 | $14,623 | $12,930 | 13.3 years |
| 10 kW | $2.56 | $17,920 | $16,520 | 13.0 years |
| 12 kW | $2.51 | $21,074 | $20,255 | 12.7 years |
| 14 kW | $2.46 | $24,084 | $24,132 | 12.5 years |
| 16 kW | $2.41 | $26,952 | $28,153 | 12.2 years |
| 18 kW | $2.36 | $29,676 | $32,317 | 12.0 years |
| 20 kW | $2.30 | $32,256 | $36,625 | 11.7 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy 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.
- Warranty: If you care about the longevity of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
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 Sagamore Hills, OH Solar Cost FAQs
How much does it cost to install solar panels in Sagamore Hills?
This is a difficult question to answer precisely, because the cost depends on a few different 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. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart 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.
Do solar panels increase your home value?
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 Sagamore Hills is currently $203,063, which means you can look forward to a value of about $8,326 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Sagamore Hills is a worthwhile investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.