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
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Average Cost of Solar Panels in Sharonville
We break down average solar pricing in Sharonville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sharonville, the typical cost of solar panels is 3 per watt.The average Sharonville homeowner needs a 7.4-kilowatt system, which would cost about $17,691 with the federal tax credit, or $25,298 before the 0 tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely vary based on the amount of energy your home requires and what company you go with.With average savings of about $12,000 on power bills over 20 years, many homeowners in Sharonville find investing in solar can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in Sharonville that can help you get a more accurate cost estimate for your home.
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
Many homeowners choose to hire a solar panel installer since trying to put up solar panels yourself can be time-consuming. Another perk of going with a solar installer is that they can help you make the most of your investment by lowering your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
If you're looking for a solar company in Sharonville, the EcoWatch team has 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 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
The cost of installing a solar system in Sharonville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Sharonville, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Sharonville know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Warranty: If you’re concerned about the endurance of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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
What is the average cost of installing solar panels in Sharonville?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost 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 solar panels significantly reduce my electricity bills?
It is possible to eradicate 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 contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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 home 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.