Solar Panel Cost Guide in South Russell, OH (2024 Update)
- South Russell Solar Installation Cost: $18,571
- 25-Year Savings: $13,438
- Payback Period: 17.0 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in South Russell
We go over average solar pricing in South Russell.
The national average cost of solar panels is $2.66 per watt, but in South Russell it’s 3 per watt.To cover the typical energy usage of the average home in South Russell, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs about $18,571, or $26,557 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average South Russell homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find going solar is a sound investment. The average homeowner in South Russell can save around $13,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar panel company in your area for a custom quote.
Solar savings over time in South Russell
Year | Return on Investment |
---|---|
1 years | $-17,317 |
3 years | $-14,810 |
5 years | $-12,302 |
7 years | $-9,794 |
9 years | $-7,287 |
11 years | $-4,779 |
13 years | $-2,272 |
15 years | $236 |
17 years | $2,744 |
19 years | $5,251 |
21 years | $7,759 |
23 years | $10,267 |
25 years | $12,774 |
Top Solar Installers in South Russell
Many homeowners opt for a solar installation company since trying to put up solar panels on your own can be challenging. Some solar installers, especially local ones, can help you take advantage of incentives in South Russell, thereby optimizing your ROI.
If you're looking for a solar installer in South Russell, the EcoWatch team has compiled a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in South Russell
Factors that Affect Solar Panel Costs in South Russell
There are many factors 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 does the installation.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,410. There are several different solar panel brands and the one you pick also changes the cost. Typically, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get 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
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many South Russell homeowners opt to finance their solar panel systems to make paying for solar more affordable.While solar loans make adopting solar energy more accessible for South Russell 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 avoid paying as much in interest.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout South Russell, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $6,220 | 17.6 years |
8 kW | $3.48 | $19,478 | $8,676 | 17.3 years |
10 kW | $3.41 | $23,870 | $11,322 | 17.0 years |
12 kW | $3.34 | $28,071 | $14,160 | 16.6 years |
14 kW | $3.27 | $32,081 | $17,188 | 16.3 years |
16 kW | $3.21 | $35,900 | $20,407 | 15.9 years |
18 kW | $3.14 | $39,529 | $23,817 | 15.6 years |
20 kW | $3.07 | $42,966 | $27,418 | 15.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Companies that have been operating for many years likely have a high 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.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's South Russell, OH Solar Cost FAQs
What is the average cost of installing solar panels in South Russell?
This is a hard question to answer exactly, because the cost depends on a few different 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 additional solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in South Russell?
You can’t get solar panels for free in South Russell. 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 want to own your solar panels, you can finance them with a solar loan.
How will solar panels impact the value of my home?
Solar panels can increase your home value 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?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.