Solar Panel Cost Guide in Stokes, OH (Jan 2023)
- Stokes Solar Installation Cost: $13,548
- 25-Year Savings: $17,342
- Payback Period: 11.0 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Stokes
Let's have a look at the average cost of solar panels in Stokes.
Although the national average of solar panels is $2.66 per watt, solar panels in Stokes generally cost about $3. The average Stokes homeowner needs a 7.6-kilowatt system, which would cost about $13,548, or $10,026 after the federal solar tax credit of 30% is applied.
These figures are only estimates, and your own solar costs will most likely differ based on your specific situation and what company you choose to go with. But, after you've paid the upfront cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $16,000 over 20 years on electricity bills.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Stokes
| Year | Return on Investment |
|---|---|
| 1 years | $-12,312 |
| 3 years | $-9,841 |
| 5 years | $-7,370 |
| 7 years | $-4,899 |
| 9 years | $-2,427 |
| 11 years | $44 |
| 13 years | $2,515 |
| 15 years | $4,986 |
| 17 years | $7,457 |
| 19 years | $9,928 |
| 21 years | $12,399 |
| 23 years | $14,871 |
| 25 years | $17,342 |
Top Solar Installers in Stokes
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make swapping over to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you're looking for a solar company in Stokes, the EcoWatch team has 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 (coming 2022)
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 Stokes
Factors that Affect Solar Panel Costs in Stokes
There are a number of factors that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,560 per kilowatt in Stokes. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Stokes to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can play a part in determining how much it costs. Stokes' solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 company you go with will affect 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 some important things you should take into account, including:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: The type of solar panel you'd like plays a role in which installer you should go with, since different companies have different panels.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 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.
Can you get solar panels for free in Stokes?
A solar panel system isn't free in Stokes, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
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.