Solar Panel Cost Guide in Streetsboro, OH (2024 Update)
- Streetsboro Solar Installation Cost: $18,596
- 25-Year Savings: $13,490
- Payback Period: 16.9 Years
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Average Cost of Solar Panels in Streetsboro
Find out what the average cost of a solar system is in Streetsboro.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Streetsboro, the typical cost of solar panels is 3 per watt.The average Streetsboro homeowner needs a 7.8-kilowatt system, which would cost about $18,596 with the federal tax credit, or $26,592 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what solar installer you go with.But, once you've paid the initial cost of installation, the ROI for most homeowners is quite fruitful, with a net average savings of about $13,000 over 20 years on utility bills.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Streetsboro
| Year | Return on Investment |
|---|---|
| 1 years | $-17,376 |
| 3 years | $-14,935 |
| 5 years | $-12,495 |
| 7 years | $-10,054 |
| 9 years | $-7,614 |
| 11 years | $-5,173 |
| 13 years | $-2,733 |
| 15 years | $-292 |
| 17 years | $2,148 |
| 19 years | $4,588 |
| 21 years | $7,029 |
| 23 years | $9,469 |
| 25 years | $11,910 |
Top Solar Installers in Streetsboro
Installing solar panels by yourself can be a time-consuming undertaking, which is why getting a solar installation company is a good option for many homeowners. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a licensed solar installer can make going solar easier. 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 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 Streetsboro
Factors that Affect Solar Panel Costs in Streetsboro
Although the average cost of a solar system in Streetsboro is $18,596, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The size of the solar system you need, 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 nearly $3,410. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Streetsboro average.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular choice because they cut back your upfront costs and let you pay for your system over five to seven years on average.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Streetsboro know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $3.55 | $14,895 | $6,246 | 17.6 years |
| 8 kW | $3.48 | $19,478 | $8,710 | 17.3 years |
| 10 kW | $3.41 | $23,870 | $11,365 | 16.9 years |
| 12 kW | $3.34 | $28,071 | $14,211 | 16.6 years |
| 14 kW | $3.27 | $32,081 | $17,248 | 16.3 years |
| 16 kW | $3.21 | $35,900 | $20,476 | 15.9 years |
| 18 kW | $3.14 | $39,529 | $23,895 | 15.6 years |
| 20 kW | $3.07 | $42,966 | $27,504 | 15.2 years |
How to Save on Solar Panels
There are a large number of companies available in Streetsboro, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Streetsboro, OH Solar Cost FAQs
How much does it cost to install solar panels in Streetsboro?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly 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 extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Streetsboro?
You can’t get solar panels for free in Streetsboro. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Does Streetsboro have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.