Solar Panel Cost Guide in Sagamore Hills, OH (2024 Update)
- Sagamore Hills Solar Installation Cost: $18,650
- 25-Year Savings: $12,908
- Payback Period: 17.3 Years
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Average Cost of Solar Panels in Sagamore Hills
Let’s take a look at the average cost of solar in Sagamore Hills.
The national average cost of solar panels is $2.66 per watt, but in Sagamore Hills it’s 3 per watt.Using this figure, a typical 7.8-kW system would cost about $18,650 before the 0 federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Sagamore Hills depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $13,000 over 20 years on electricity bills.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Sagamore Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-17,396 |
| 3 years | $-14,888 |
| 5 years | $-12,381 |
| 7 years | $-9,873 |
| 9 years | $-7,365 |
| 11 years | $-4,858 |
| 13 years | $-2,350 |
| 15 years | $157 |
| 17 years | $2,665 |
| 19 years | $5,173 |
| 21 years | $7,680 |
| 23 years | $10,188 |
| 25 years | $12,695 |
Top Solar Installers in Sagamore Hills
Installing solar panels by yourself can be a stressful task, which is why getting a solar installation company is a good option for many homeowners. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you're searching for a solar company in Sagamore Hills, we've organized a list of our top suggestions here:
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 Sagamore Hills
Factors that Affect Solar Panel Costs in Sagamore Hills
There are a number of criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,410 per kilowatt in Sagamore Hills.The type of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, 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 for a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Sagamore Hills provide solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also increases your total costs, so it’s crucial to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installer you choose will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $5,769 | 18.0 years |
| 8 kW | $3.48 | $19,478 | $8,074 | 17.7 years |
| 10 kW | $3.41 | $23,870 | $10,570 | 17.3 years |
| 12 kW | $3.34 | $28,071 | $13,257 | 17.0 years |
| 14 kW | $3.27 | $32,081 | $16,135 | 16.6 years |
| 16 kW | $3.21 | $35,900 | $19,204 | 16.3 years |
| 18 kW | $3.14 | $39,529 | $22,464 | 15.9 years |
| 20 kW | $3.07 | $42,966 | $25,915 | 15.6 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Companies that have been in business 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 service, such as part repairs and replacements.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, completion timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Sagamore Hills?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Is it worth going solar in Sagamore Hills?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.