Solar Panel Cost Guide in Sheffield, OH (2025 Update)
- Sheffield Solar Installation Cost: $16,893
- 25-Year Savings: $15,348
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Sheffield
Find out what the average cost of solar panel installation is in Sheffield.
Although the national average of solar panels is $2.66 per watt, solar panels in Sheffield typically cost about 3.The average Sheffield homeowner needs a 7.1-kilowatt system, which would cost about $16,893 with the federal tax credit, or $24,157 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Sheffield homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Sheffield can save around $15,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar installer in Sheffield for a customized quote.
Solar savings over time in Sheffield
Year | Return on Investment |
---|---|
1 years | $-15,639 |
3 years | $-13,132 |
5 years | $-10,624 |
7 years | $-8,117 |
9 years | $-5,609 |
11 years | $-3,101 |
13 years | $-594 |
15 years | $1,914 |
17 years | $4,421 |
19 years | $6,929 |
21 years | $9,437 |
23 years | $11,944 |
25 years | $14,452 |
Top Solar Installers in Sheffield
Installing solar panels on your own can be a dangerous project, which is why using a solar installation company is a good option for many homeowners. Plus, if you aren’t sure what type of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
If you're on the hunt for a solar company in Sheffield, we've compiled 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
See all of the solar companies in Sheffield
Factors that Affect Solar Panel Costs in Sheffield
There are many 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 does the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.There are a lot of different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you choose 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 Sheffield to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time due to interest.Even though solar loans make going solar more accessible for Sheffield homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can affect how much you pay. Sheffield’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Sheffield have more knowledge about local solar incentives and can help you make good use of 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 | $8,868 | 15.7 years |
8 kW | $3.48 | $19,478 | $12,207 | 15.4 years |
10 kW | $3.41 | $23,870 | $15,736 | 15.1 years |
12 kW | $3.34 | $28,071 | $19,456 | 14.8 years |
14 kW | $3.27 | $32,081 | $23,367 | 14.5 years |
16 kW | $3.21 | $35,900 | $27,469 | 14.2 years |
18 kW | $3.14 | $39,529 | $31,761 | 13.9 years |
20 kW | $3.07 | $42,966 | $36,245 | 13.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: When looking 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.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Sheffield, OH Solar Cost FAQs
What is the average cost of installing solar panels in Sheffield?
This is a tough question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Sheffield?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
How much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Sheffield, 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 install 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.