Solar Panel Cost Guide in Solon, OH (2023 Update)
- Solon Solar Installation Cost: $14,116
- 25-Year Savings: $12,950
- Payback Period: 13.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Solon
Let's have a look at the average cost of solar panels in Solon.
The average cost of solar panels in Solon is 2.56 per watt. To cover the typical energy needs of the average home in Solon, most homeowners require a 7.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,121, or $20,193 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Solon homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. With typical savings of about $13,000 on power bills over 20 years, many homeowners in Solon find going solar has a decent ROI.
Click the button below to get connected to a reputable solar panel company in Solon for a customized estimate.
Solar savings over time in Solon
| Year | Return on Investment |
|---|---|
| 1 years | $-14,026 |
| 3 years | $-13,845 |
| 5 years | $-13,665 |
| 7 years | $-13,484 |
| 9 years | $-13,304 |
| 11 years | $-13,123 |
| 13 years | $-12,943 |
| 15 years | $-12,763 |
| 17 years | $-12,582 |
| 19 years | $-12,402 |
| 21 years | $-12,221 |
| 23 years | $-12,041 |
| 25 years | $-11,860 |
Top Solar Installers in Solon
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring a solar company can make your swap to solar power much easier. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be best for your home.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our recommendations for providers near you:
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 Solon
Factors that Affect Solar Panel Costs in Solon
There are several criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you get 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 have a higher price tag 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. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Solon have solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also increases your total costs, so it's vital to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Solon, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $9,434 | 13.6 years |
| 8 kW | $2.61 | $14,623 | $12,865 | 13.3 years |
| 10 kW | $2.56 | $17,920 | $16,440 | 13.0 years |
| 12 kW | $2.51 | $21,074 | $20,158 | 12.8 years |
| 14 kW | $2.46 | $24,084 | $24,019 | 12.5 years |
| 16 kW | $2.41 | $26,952 | $28,024 | 12.3 years |
| 18 kW | $2.36 | $29,676 | $32,172 | 12.0 years |
| 20 kW | $2.30 | $32,256 | $36,463 | 11.7 years |
How to Save on Solar Panels
The solar company you choose will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Solon, OH Solar Cost FAQs
What is the average cost of installing solar panels in Solon?
This is a tough question to answer exactly, because the cost depends on a variety of 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 other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.