Solar Panel Cost Guide in Sharonville, OH (2024 Update)
- Sharonville Solar Installation Cost: $17,691
- 25-Year Savings: $10,907
- Payback Period: 18.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Sharonville
We break down average solar pricing in Sharonville.
The average cost of a solar system in Sharonville is 3 per watt.To account for the typical energy needs of the average home in Sharonville, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,691, or $25,298 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy use, the type of equipment you want, your solar contractor and more.Many homeowners find going solar is a sound investment. The average homeowner in Sharonville can save about $12,000 on their power bills over 20 years.
To receive a free quote from a vetted solar installer in Sharonville, you can click the button below.
Solar savings over time in Sharonville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,526 |
| 3 years | $-14,196 |
| 5 years | $-11,867 |
| 7 years | $-9,537 |
| 9 years | $-7,207 |
| 11 years | $-4,877 |
| 13 years | $-2,547 |
| 15 years | $-217 |
| 17 years | $2,113 |
| 19 years | $4,443 |
| 21 years | $6,773 |
| 23 years | $9,103 |
| 25 years | $11,433 |
Top Solar Installers in Sharonville
When making the switch to solar, many homeowners opt to use a solar installer since installing a solar system yourself can be a time-consuming project. Local solar companies can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers in Sharonville:
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 Sharonville
Factors that Affect Solar Panel Costs in Sharonville
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Sharonville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Sharonville, 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 determine by looking at past energy bills. Your overall cost can increase by around $3,410 for each additional kilowatt you need.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Sharonville average.
Solar Financing Terms
Most solar companies in Sharonville offer solar loans, which reduce your upfront costs of installing a solar system.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 more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar company you pick will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Sharonville are more knowledgeable about local solar incentives and can help you learn about 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 | $3.55 | $14,895 | $4,687 | 19.0 years |
| 8 kW | $3.48 | $19,478 | $6,631 | 18.7 years |
| 10 kW | $3.41 | $23,870 | $8,766 | 18.3 years |
| 12 kW | $3.34 | $28,071 | $11,092 | 17.9 years |
| 14 kW | $3.27 | $32,081 | $13,609 | 17.6 years |
| 16 kW | $3.21 | $35,900 | $16,317 | 17.2 years |
| 18 kW | $3.14 | $39,529 | $19,216 | 16.8 years |
| 20 kW | $3.07 | $42,966 | $22,306 | 16.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose significantly affects 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: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
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 Sharonville, OH Solar Cost FAQs
How much does it cost to install solar panels in Sharonville?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Sharonville, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires 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.