Solar Panel Cost Guide in Saybrook, OH (2023 Update)
- Saybrook Solar Installation Cost: $14,031
- 25-Year Savings: $13,160
- Payback Period: 12.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Saybrook
See how much it might cost to switch to solar power in Saybrook.
While the national average of solar panels is $2.66 per watt, solar panels in Saybrook typically cost about 2.56. Using this figure, a typical 7.8-kW system would cost about $14,031 before the 30% federal solar tax credit is applied.
The actual price you pay can be above or below the average in Saybrook depending on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire. Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Saybrook can save around $13,000 on their power bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a personalized estimate.
Solar savings over time in Saybrook
| Year | Return on Investment |
|---|---|
| 1 years | $-12,944 |
| 3 years | $-10,768 |
| 5 years | $-8,593 |
| 7 years | $-6,418 |
| 9 years | $-4,242 |
| 11 years | $-2,067 |
| 13 years | $108 |
| 15 years | $2,284 |
| 17 years | $4,459 |
| 19 years | $6,634 |
| 21 years | $8,810 |
| 23 years | $10,985 |
| 25 years | $13,160 |
Top Solar Installers in Saybrook
Although it's possible to install solar panels by yourself, it involves extra time and expertise. That's one of the reasons most homeowners choose a solar panel installer. The expertise that solar installers provide can be invaluable as well, especially if you aren't sure what kind of solar equipment would be right for your home.
If you're looking for a solar company in Saybrook, 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
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 Saybrook
Factors that Affect Solar Panel Costs in Saybrook
There are a number of criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the cost of a solar system in Saybrook, one of the most crucial 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 gauge by looking at past power bills. Your total cost can increase by about $2,560 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Saybrook, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of 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
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Saybrook, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. Even though solar loans make adopting solar energy more accessible for Saybrook homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Saybrook, and each can charge varying amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $9,657 | 13.4 years |
| 8 kW | $2.61 | $14,623 | $13,163 | 13.2 years |
| 10 kW | $2.56 | $17,920 | $16,812 | 12.9 years |
| 12 kW | $2.51 | $21,074 | $20,605 | 12.6 years |
| 14 kW | $2.46 | $24,084 | $24,541 | 12.4 years |
| 16 kW | $2.41 | $26,952 | $28,620 | 12.1 years |
| 18 kW | $2.36 | $29,676 | $32,843 | 11.9 years |
| 20 kW | $2.30 | $32,256 | $37,209 | 11.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose significantly impacts your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The brand of solar panel you need plays a part in which installer you should choose, since different companies have access to different panels.
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the project completion timeline.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
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 Saybrook, OH Solar Cost FAQs
How much does it cost to install solar panels in Saybrook?
The average cost of solar panels in Saybrook 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Saybrook?
The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.