Solar Panel Cost Guide in Sharon, OH (2023 Update)
- Sharon Solar Installation Cost: $13,530
- 25-Year Savings: $19,665
- Payback Period: 10.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Sharon
Let's have a look at the average cost of solar panels in Sharon.
In Sharon, solar panels cost about 2.56 per watt on average. To account for the typical energy needs of the average home in Sharon, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,530, or $19,348 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average Sharon homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the high upfront cost, the average Sharon homeowner can save around $17,000 on their energy bills over 20 years, which is one of the positives of solar.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Sharon
| Year | Return on Investment |
|---|---|
| 1 years | $-12,202 |
| 3 years | $-9,546 |
| 5 years | $-6,891 |
| 7 years | $-4,235 |
| 9 years | $-1,580 |
| 11 years | $1,076 |
| 13 years | $3,731 |
| 15 years | $6,387 |
| 17 years | $9,042 |
| 19 years | $11,698 |
| 21 years | $14,354 |
| 23 years | $17,009 |
| 25 years | $19,665 |
Top Solar Installers in Sharon
Although you can install solar panels by yourself, it involves extra labor and know-how. For that reason, most people choose a solar panel installer. The expertise that solar companies offer can be useful as well, particularly if you don't quite know what type of solar equipment you need.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our recommendations for providers in Sharon:
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 Sharon
Factors that Affect Solar Panel Costs in Sharon
There are several criteria that can determine 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 panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. There are several different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Sharon to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. Although solar loans make switching to solar energy more accessible for Sharon homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Sharon, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $15,209 | 10.6 years |
| 8 kW | $2.61 | $14,623 | $20,565 | 10.4 years |
| 10 kW | $2.56 | $17,920 | $26,065 | 10.2 years |
| 12 kW | $2.51 | $21,074 | $31,707 | 10.0 years |
| 14 kW | $2.46 | $24,084 | $37,494 | 9.8 years |
| 16 kW | $2.41 | $26,952 | $43,424 | 9.6 years |
| 18 kW | $2.36 | $29,676 | $49,497 | 9.4 years |
| 20 kW | $2.30 | $32,256 | $55,713 | 9.2 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Sharon, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: The type of solar panel you'd like to install plays a role in which company you should opt for, since different companies have different panels.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
- Reputation: Companies that have been operating for many years likely have a high 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 support, such as part repairs and replacements.
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 Sharon, OH Solar Cost FAQs
How much does it cost to install solar panels in Sharon?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Sharon?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can 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 get 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.