Solar Panel Cost Guide in Somers, OH (2023 Update)
- Somers Solar Installation Cost: $13,339
- 25-Year Savings: $16,487
- Payback Period: 11.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Somers
Let's take a look at the average cost of solar panels in Somers.
Although the national average of solar panels is $2.66 per watt, solar panels in Somers typically cost around 2.56. The average solar panel system size in Somers is around 7.4 kilowatts, meaning a cost of about $13,332 for a solar installation, or $19,065 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $15,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar installer in Somers that can help you get a more accurate cost estimate for your home.
Solar savings over time in Somers
| Year | Return on Investment |
|---|---|
| 1 years | $-13,240 |
| 3 years | $-13,041 |
| 5 years | $-12,842 |
| 7 years | $-12,643 |
| 9 years | $-12,444 |
| 11 years | $-12,246 |
| 13 years | $-12,047 |
| 15 years | $-11,848 |
| 17 years | $-11,649 |
| 19 years | $-11,450 |
| 21 years | $-11,251 |
| 23 years | $-11,053 |
| 25 years | $-10,854 |
Top Solar Installers in Somers
Trying to install solar panels yourself can be a challenging task, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar companies offer can be useful as well, particularly if you don't quite know what kind of solar equipment you need.
If you're on the hunt for a solar company in Somers, the EcoWatch team has 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 Somers
Factors that Affect Solar Panel Costs in Somers
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Somers: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,560 per kilowatt in Somers. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Somers average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Somers homeowners decide to finance their solar panel systems to offset upfront costs. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Somers, and each can charge varying amounts for labor and equipment. Additionally, some companies in Somers 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 | $2.66 | $11,182 | $12,859 | 11.6 years |
| 8 kW | $2.61 | $14,623 | $17,432 | 11.4 years |
| 10 kW | $2.56 | $17,920 | $22,148 | 11.2 years |
| 12 kW | $2.51 | $21,074 | $27,007 | 11.0 years |
| 14 kW | $2.46 | $24,084 | $32,010 | 10.7 years |
| 16 kW | $2.41 | $26,952 | $37,157 | 10.5 years |
| 18 kW | $2.36 | $29,676 | $42,447 | 10.3 years |
| 20 kW | $2.30 | $32,256 | $47,880 | 10.1 years |
How to Save on Solar Panels
The solar company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar company. See to it that you understand how the installation process works and the project completion timeline.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Somers, OH Solar Cost FAQs
What is the average cost of installing solar panels in Somers?
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 other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.