Solar Panel Cost Guide in Somers, OH (2024 Update)
- Somers Solar Installation Cost: $17,768
- 25-Year Savings: $16,487
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Somers
We go over average solar pricing in Somers.
The national average cost of solar panels is $2.66 per watt, but in Somers it’s 3 per watt.Using this figure, a typical 7.4-kW system would cost about $17,768 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of solar system you want to get, your solar contractor and more.For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Somers see about $15,000 in savings on energy bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Somers
| Year | Return on Investment |
|---|---|
| 1 years | $-16,750 |
| 3 years | $-14,713 |
| 5 years | $-12,677 |
| 7 years | $-10,640 |
| 9 years | $-8,604 |
| 11 years | $-6,567 |
| 13 years | $-4,530 |
| 15 years | $-2,494 |
| 17 years | $-457 |
| 19 years | $1,579 |
| 21 years | $3,616 |
| 23 years | $5,653 |
| 25 years | $7,689 |
Top Solar Installers in Somers
When making the switch to solar, many homeowners decide to use a solar installer since handling can be a time-consuming project. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over time.
If you’d like to go solar but still aren’t sure which solar installer to go with, here are our recommendations for providers nearby:
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 Somers
Factors that Affect Solar Panel Costs in Somers
There are many factors that can affect 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
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,410. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Somers, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Somers homeowners opt to finance their solar panel systems to make paying for solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can impact how much it costs. Somers’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $9,146 | 15.5 years |
| 8 kW | $3.48 | $19,478 | $12,576 | 15.2 years |
| 10 kW | $3.41 | $23,870 | $16,198 | 14.9 years |
| 12 kW | $3.34 | $28,071 | $20,010 | 14.6 years |
| 14 kW | $3.27 | $32,081 | $24,014 | 14.3 years |
| 16 kW | $3.21 | $35,900 | $28,208 | 14.0 years |
| 18 kW | $3.14 | $39,529 | $32,593 | 13.7 years |
| 20 kW | $3.07 | $42,966 | $37,170 | 13.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the completion timeline.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one mark of a quality company.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
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 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. Generally 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 be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Somers?
You can’t get solar panels for free in Somers. However, you may still be able to afford 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.
How will having solar panels impact my home value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 generally 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.