Solar Panel Cost Guide in Streetsboro, OH (2023 Update)
- Streetsboro Solar Installation Cost: $13,960
- 25-Year Savings: $13,491
- Payback Period: 12.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Streetsboro
Find out how much it might cost to go solar in Streetsboro.
The national average cost of solar panels is $2.66 per watt, but in Streetsboro it's 2.56 per watt. The average Streetsboro homeowner needs a 7.8-kilowatt system, which would cost about $13,960 with the federal tax credit, or $19,963 before the 30% tax credit is applied.
These figures are just estimates, and how much solar costs for you will most likely vary based on factors unique to your home and what company you want to go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Streetsboro can save about $13,000 on their electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Streetsboro
| Year | Return on Investment |
|---|---|
| 1 years | $-12,862 |
| 3 years | $-10,666 |
| 5 years | $-8,470 |
| 7 years | $-6,274 |
| 9 years | $-4,078 |
| 11 years | $-1,882 |
| 13 years | $314 |
| 15 years | $2,510 |
| 17 years | $4,706 |
| 19 years | $6,903 |
| 21 years | $9,099 |
| 23 years | $11,295 |
| 25 years | $13,491 |
Top Solar Installers in Streetsboro
Many homeowners opt for a solar panel company since trying to put up solar panels yourself can be hard. The expertise that solar installers offer can be valuable as well, especially if you aren't sure what brand of solar equipment you need.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Streetsboro
Factors that Affect Solar Panel Costs in Streetsboro
There are several factors that can play into your solar panel 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 cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,560. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Streetsboro average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular route because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Although solar loans make adopting solar energy more accessible for Streetsboro homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you pick will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $9,959 | 13.2 years |
| 8 kW | $2.61 | $14,623 | $13,565 | 13.0 years |
| 10 kW | $2.56 | $17,920 | $17,315 | 12.7 years |
| 12 kW | $2.51 | $21,074 | $21,208 | 12.5 years |
| 14 kW | $2.46 | $24,084 | $25,245 | 12.2 years |
| 16 kW | $2.41 | $26,952 | $29,425 | 12.0 years |
| 18 kW | $2.36 | $29,676 | $33,748 | 11.7 years |
| 20 kW | $2.30 | $32,256 | $38,214 | 11.4 years |
How to Save on Solar Panels
The solar panel company you opt for will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, including:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before deciding.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Streetsboro, OH Solar Cost FAQs
What is the average cost of installing solar panels in Streetsboro?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Streetsboro?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Streetsboro?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.