Solar Panel Cost Guide in Stokes, OH (2025 Update)
- Stokes Solar Installation Cost: $18,054
- 25-Year Savings: $17,336
- Payback Period: 14.6 Years
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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 $18,054 with the federal tax credit, or $25,817 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar system you want to get, your solar contractor and more.But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $16,000 over 20 years on power bills.
Click the button below to get connected to a reputable solar company in your area for a custom estimate.
Solar savings over time in Stokes
| Year | Return on Investment |
|---|---|
| 1 years | $-17,035 |
| 3 years | $-14,999 |
| 5 years | $-12,962 |
| 7 years | $-10,926 |
| 9 years | $-8,889 |
| 11 years | $-6,852 |
| 13 years | $-4,816 |
| 15 years | $-2,779 |
| 17 years | $-743 |
| 19 years | $1,294 |
| 21 years | $3,330 |
| 23 years | $5,367 |
| 25 years | $7,404 |
Top Solar Installers in Stokes
Although you can install solar panels yourself, it takes extra labor and expertise. For that reason, the majority of homeowners choose to hire a solar panel installer. Companies can also offer access to quality options of the best solar panels and help you choose which one will be right for your home.
If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers in Stokes:
See all of the solar companies in Stokes
Factors that Affect Solar Panel Costs in Stokes
The cost of installing a solar system in Stokes can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need for your home, 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 nearly $3,410. 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Stokes to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to 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 getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you pick will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies compete 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 car 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 | $9,609 | 15.2 years |
| 8 kW | $3.48 | $19,478 | $13,194 | 14.9 years |
| 10 kW | $3.41 | $23,870 | $16,970 | 14.6 years |
| 12 kW | $3.34 | $28,071 | $20,937 | 14.3 years |
| 14 kW | $3.27 | $32,081 | $25,095 | 14.0 years |
| 16 kW | $3.21 | $35,900 | $29,444 | 13.7 years |
| 18 kW | $3.14 | $39,529 | $33,984 | 13.4 years |
| 20 kW | $3.07 | $42,966 | $38,715 | 13.2 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- 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 panel company you’re considering has it.
- Installation Process: When making the switch to solar, it’s crucial to maintain an open line of communication with your solar company. Confirm that you understand how the installation process works and the project timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
EcoWatch's Stokes, OH Solar Cost FAQs
How much does it cost to install solar panels in Stokes?
This is a difficult 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 higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Stokes?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How much can I save on electricity bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Stokes, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs 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.