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.The average Sagamore Hills homeowner needs a 7.8-kilowatt system, which would cost about $18,650 with the federal tax credit, or $26,670 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of solar panels you choose, your solar contractor and more.But, once you've paid the initial cost of installation, the payback for most homeowners is quite good, with a net average savings of about $13,000 over 20 years on electricity bills.
Click the button below to get connected to a vetted solar panel company in Sagamore Hills for a personalized estimate.
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
Putting up solar panels on your own can be a time-consuming task, which is why using a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
If you're looking for a solar company in Sagamore Hills, the EcoWatch team has organized a list of our top suggestions here:
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 Sagamore Hills
Factors that Affect Solar Panel Costs in Sagamore Hills
The cost of installing a solar system in Sagamore Hills can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar 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 primarily based on your home’s energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by around $3,410 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Sagamore Hills, where sunlight isn’t as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Sagamore Hills homeowners decide to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only 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 interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $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
Since the type of solar panels and the installation 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:
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.
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 Sagamore Hills, OH Solar Cost FAQs
How much does it cost to install solar panels in Sagamore Hills?
The average cost of solar panels in Sagamore Hills is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Sagamore Hills?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback 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 way to go if you want to maximize your savings.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 account for 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.