Solar Panel Cost Guide in Seal, OH (2023 Update)
- Seal Solar Installation Cost: $13,266
- 25-Year Savings: $20,066
- Payback Period: 9.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Seal
See how much it might cost to make the switch to solar in Seal.
The national average cost of solar panels is $2.66 per watt, but in Seal it's 2.56 per watt. To account for the typical energy usage of the average home in Seal, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs about $13,261, or $18,963 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. With typical savings of about $17,000 on utility bills over 20 years, many homeowners in Seal find investing in solar can pay off big.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Seal
| Year | Return on Investment |
|---|---|
| 1 years | $-13,155 |
| 3 years | $-12,932 |
| 5 years | $-12,710 |
| 7 years | $-12,488 |
| 9 years | $-12,266 |
| 11 years | $-12,043 |
| 13 years | $-11,821 |
| 15 years | $-11,599 |
| 17 years | $-11,377 |
| 19 years | $-11,155 |
| 21 years | $-10,932 |
| 23 years | $-10,710 |
| 25 years | $-10,488 |
Top Solar Installers in Seal
Many homeowners opt for a solar panel installer since installing solar panels by yourself can be hard. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Seal
Factors that Affect Solar Panel Costs in Seal
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Seal: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a popular route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can impact how much you pay. Seal's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Seal know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $15,833 | 10.3 years |
| 8 kW | $2.61 | $14,623 | $21,398 | 10.1 years |
| 10 kW | $2.56 | $17,920 | $27,106 | 9.9 years |
| 12 kW | $2.51 | $21,074 | $32,957 | 9.8 years |
| 14 kW | $2.46 | $24,084 | $38,952 | 9.6 years |
| 16 kW | $2.41 | $26,952 | $45,090 | 9.4 years |
| 18 kW | $2.36 | $29,676 | $51,371 | 9.2 years |
| 20 kW | $2.30 | $32,256 | $57,796 | 9.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Seal, OH Solar Cost FAQs
How much does it cost to install solar panels in Seal?
The average cost of solar panels in Seal 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Seal?
You can't get solar panels for free in Seal. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $900.52 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 generally produce about 250 to 400 watt-hours per hour, the average house 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.