Solar Panel Cost Guide in Struthers, OH (2023 Update)
- Struthers Solar Installation Cost: $14,049
- 25-Year Savings: $12,388
- Payback Period: 13.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Struthers
Find out what the average cost of solar panels are in Struthers.
While the national average of solar panels is $2.66 per watt, solar panels in Struthers generally cost around 2.56. The average Struthers homeowner needs a 7.8-kilowatt system, which would cost about $14,049 with the federal tax credit, or $20,090 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Struthers homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $13,000 over 20 years on energy bills.
To get a free quote from a vetted solar installation company in Struthers, you can click the button below.
Solar savings over time in Struthers
| Year | Return on Investment |
|---|---|
| 1 years | $-12,992 |
| 3 years | $-10,877 |
| 5 years | $-8,762 |
| 7 years | $-6,647 |
| 9 years | $-4,532 |
| 11 years | $-2,417 |
| 13 years | $-302 |
| 15 years | $1,813 |
| 17 years | $3,928 |
| 19 years | $6,043 |
| 21 years | $8,158 |
| 23 years | $10,273 |
| 25 years | $12,388 |
Top Solar Installers in Struthers
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make swapping over to solar power much easier. Plus, if you're unsure what type of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our suggestions for providers nearby:
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 Struthers
Factors that Affect Solar Panel Costs in Struthers
For many Struthers homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Struthers, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Struthers, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,560 for each additional kilowatt you need. The solar equipment you choose can bring your price up or down 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, more efficient panels could save you more over time on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Struthers average.
Solar Financing Terms
Many homeowners find the average cost of solar in Struthers to be too steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time because of interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can affect the cost. Struthers' solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more 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 lower 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 | $9,038 | 13.8 years |
| 8 kW | $2.61 | $14,623 | $12,337 | 13.6 years |
| 10 kW | $2.56 | $17,920 | $15,780 | 13.3 years |
| 12 kW | $2.51 | $21,074 | $19,366 | 13.0 years |
| 14 kW | $2.46 | $24,084 | $23,095 | 12.8 years |
| 16 kW | $2.41 | $26,952 | $26,968 | 12.5 years |
| 18 kW | $2.36 | $29,676 | $30,984 | 12.2 years |
| 20 kW | $2.30 | $32,256 | $35,144 | 12.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- 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 expectations you should have about your solar system's energy production.
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which installer you should opt for, since different companies offer different panels.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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 Struthers, OH Solar Cost FAQs
What is the average cost of installing solar panels in Struthers?
The average cost of solar panels in Struthers 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 type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Struthers?
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 property 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 bang for your buck from going solar.
Can solar panels significantly reduce my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Struthers, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a 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.