Solar Panel Cost Guide in Sharonville, OH (2023 Update)
- Sharonville Solar Installation Cost: $13,279
- 25-Year Savings: $10,910
- Payback Period: 13.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Sharonville
We go over average solar pricing in Sharonville.
The average cost of a solar panel system in Sharonville is 2.56 per watt. Because a 7.4-kW system is needed to cover the energy consumption of a typical home in Sharonville, the average price of going solar will be about $13,279 after claiming the federal solar tax credit of 30%.
How much you pay can go above or below the average in Sharonville depending on a few factors, such as the model of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $12,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a reputable solar installer in your area for a custom estimate.
Solar savings over time in Sharonville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,311 |
| 3 years | $-10,376 |
| 5 years | $-8,441 |
| 7 years | $-6,506 |
| 9 years | $-4,571 |
| 11 years | $-2,636 |
| 13 years | $-701 |
| 15 years | $1,234 |
| 17 years | $3,169 |
| 19 years | $5,105 |
| 21 years | $7,040 |
| 23 years | $8,975 |
| 25 years | $10,910 |
Top Solar Installers in Sharonville
Many homeowners opt for a solar panel installer since figuring out how to install solar panels yourself can be hard. Plus, if you aren't sure what type of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Sharonville
Factors that Affect Solar Panel Costs in Sharonville
Although the average cost of a solar system in Sharonville is $13,279, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Sharonville homeowners opt to finance their solar panel systems to make paying for solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can impact the cost. Sharonville's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Sharonville have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $8,400 | 14.3 years |
| 8 kW | $2.61 | $14,623 | $11,486 | 14.0 years |
| 10 kW | $2.56 | $17,920 | $14,716 | 13.7 years |
| 12 kW | $2.51 | $21,074 | $18,089 | 13.5 years |
| 14 kW | $2.46 | $24,084 | $21,606 | 13.2 years |
| 16 kW | $2.41 | $26,952 | $25,266 | 12.9 years |
| 18 kW | $2.36 | $29,676 | $29,069 | 12.6 years |
| 20 kW | $2.30 | $32,256 | $33,016 | 12.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on 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:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: When looking through 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 like a system component breaking or the company going out of business.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
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 Sharonville, OH Solar Cost FAQs
How much does it cost to install solar panels in Sharonville?
This is a tough question to answer exactly, because the cost depends on many 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 cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Sharonville?
You can't get solar panels for free in Sharonville. However, you may still be able to install 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.
Does Sharonville have a net metering program?
Most states offer 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 utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a 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 cover 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.