Solar Panel Cost Guide in Stokes, OH (2023 Update)
- Stokes Solar Installation Cost: $13,554
- 25-Year Savings: $17,336
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Stokes
Find out what the average cost of solar panels are in Stokes.
The average cost of a solar system in Stokes is 2.56 per watt. The average Stokes homeowner needs a 7.6-kilowatt system, which would cost about $13,548 with the federal tax credit, or $19,374 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of equipment you choose, your solar contractor and more. But, once you've paid the upfront cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $16,000 over 20 years on power bills.
You can click the button below to get connected with a top solar installer in Stokes for a quote for your home.
Solar savings over time in Stokes
| Year | Return on Investment |
|---|---|
| 1 years | $-12,535 |
| 3 years | $-10,499 |
| 5 years | $-8,462 |
| 7 years | $-6,425 |
| 9 years | $-4,389 |
| 11 years | $-2,352 |
| 13 years | $-316 |
| 15 years | $1,721 |
| 17 years | $3,757 |
| 19 years | $5,794 |
| 21 years | $7,831 |
| 23 years | $9,867 |
| 25 years | $11,904 |
Top Solar Installers in Stokes
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar panel installer can make swapping over to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and system component replacements.
If you're looking for a solar installer in Stokes, we've organized 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 Stokes
Factors that Affect Solar Panel Costs in Stokes
Although the average cost of a solar system in Stokes is $13,548, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Stokes. There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Stokes offer solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also increases your overall costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Stokes, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Stokes are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $13,322 | 11.4 years |
| 8 kW | $2.61 | $14,623 | $18,050 | 11.2 years |
| 10 kW | $2.56 | $17,920 | $22,920 | 11.0 years |
| 12 kW | $2.51 | $21,074 | $27,934 | 10.8 years |
| 14 kW | $2.46 | $24,084 | $33,092 | 10.5 years |
| 16 kW | $2.41 | $26,952 | $38,393 | 10.3 years |
| 18 kW | $2.36 | $29,676 | $43,837 | 10.1 years |
| 20 kW | $2.30 | $32,256 | $49,425 | 9.9 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- 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 installation process.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Stokes, OH Solar Cost FAQs
What is the average cost of installing solar panels in Stokes?
The average cost of solar panels in Stokes is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Stokes?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The downside 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 option if you want to get the most savings.
Is it worth going solar in Stokes?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of 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 should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.