Solar Panel Cost Guide in Sandy, OH (Mar 2023)
- Sandy Solar Installation Cost: $13,942
- 25-Year Savings: $17,061
- Payback Period: 11.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Sandy
Find out how much it might cost to install solar panels in Sandy.
The average cost of a solar panel system in Sandy is 2.56 per watt. The average solar panel system size in Sandy is around 7.8 kilowatts, meaning a cost of about $13,942 for a solar installation, or $19,937 before the 30% federal solar 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 needs, the type of solar system you choose, your solar contractor and more. For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Sandy see about $15,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar installer in Sandy for a personalized estimate.
Solar savings over time in Sandy
| Year | Return on Investment |
|---|---|
| 1 years | $-12,702 |
| 3 years | $-10,221 |
| 5 years | $-7,741 |
| 7 years | $-5,261 |
| 9 years | $-2,781 |
| 11 years | $-301 |
| 13 years | $2,180 |
| 15 years | $4,660 |
| 17 years | $7,140 |
| 19 years | $9,620 |
| 21 years | $12,100 |
| 23 years | $14,581 |
| 25 years | $17,061 |
Top Solar Installers in Sandy
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make converting to solar power much easier. Some solar companies, especially local ones, can help you take advantage of incentives in Sandy, thereby optimizing your ROI.
If you're searching for a solar installer in Sandy, the EcoWatch team has compiled 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 (coming 2022)
Best Technology
Tesla Energy
- 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 Sandy
Factors that Affect Solar Panel Costs in Sandy
There are a number of factors that can influence your 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
When it comes to estimating the price of a solar system in Sandy, one of the most crucial 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 about $2,560 for each additional kilowatt you need. There are several different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over five to seven years on average. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Sandy is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that offer a range of services at different costs. The size of the company sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $12,737 | 11.7 years |
| 8 kW | $2.61 | $14,623 | $17,269 | 11.5 years |
| 10 kW | $2.56 | $17,920 | $21,945 | 11.2 years |
| 12 kW | $2.51 | $21,074 | $26,764 | 11.0 years |
| 14 kW | $2.46 | $24,084 | $31,727 | 10.8 years |
| 16 kW | $2.41 | $26,952 | $36,832 | 10.6 years |
| 18 kW | $2.36 | $29,676 | $42,082 | 10.3 years |
| 20 kW | $2.30 | $32,256 | $47,474 | 10.1 years |
How to Save on Solar Panels
There are a lot of companies available in Sandy, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you want plays a role in which company you should choose, since different companies have access to different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Contract: Before you sign a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: If you're concerned about the endurance of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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 Sandy, OH Solar Cost FAQs
What is the average cost of installing solar panels in Sandy?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly 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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Sandy?
Leasing solar panels can be an attractive choice, because it commonly 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 option if you want to maximize your savings.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $797.30 per year.
What solar power system size is right for my home?
To figure out what solar panel system size 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 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.