Solar Panel Cost Guide in Sugar Creek, OH (2024 Update)
- Sugar Creek Solar Installation Cost: $18,456
- 25-Year Savings: $14,634
- Payback Period: 16.2 Years
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Average Cost of Solar Panels in Sugar Creek
Find out what the average cost of a solar system is in Sugar Creek.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sugar Creek, the typical cost of solar panels is 3 per watt.To account for the typical energy needs of the average home in Sugar Creek, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs around $18,456, or $26,392 before the federal solar tax credit of 0 is applied.
How much you pay can be above or below the average in Sugar Creek based on a few factors, such as the model of solar panels you choose and the solar installer you hire.Despite the large upfront cost, the average Sugar Creek homeowner can save about $14,000 on their electricity bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a vetted solar installer in your area for a custom estimate.
Solar savings over time in Sugar Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-17,180 |
| 3 years | $-14,628 |
| 5 years | $-12,076 |
| 7 years | $-9,524 |
| 9 years | $-6,971 |
| 11 years | $-4,419 |
| 13 years | $-1,867 |
| 15 years | $685 |
| 17 years | $3,238 |
| 19 years | $5,790 |
| 21 years | $8,342 |
| 23 years | $10,894 |
| 25 years | $13,447 |
Top Solar Installers in Sugar Creek
Although it's possible to install solar panels on your own, it involves extra effort and know-how. For that reason, most people choose to go with a solar panel installer. Some solar installers, especially local ones, can help you make the most of incentives in Sugar Creek, therefore optimizing your ROI.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Sugar Creek:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Sugar Creek
Factors that Affect Solar Panel Costs in Sugar Creek
Though the average cost of a solar system in Sugar Creek is $18,456, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.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, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Sugar Creek average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Sugar Creek homeowners opt to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, including the total 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 opt for to install your solar panel system can affect how much it costs. Sugar Creek’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Sugar Creek have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $7,212 | 16.8 years |
| 8 kW | $3.48 | $19,478 | $9,998 | 16.5 years |
| 10 kW | $3.41 | $23,870 | $12,975 | 16.2 years |
| 12 kW | $3.34 | $28,071 | $16,143 | 15.9 years |
| 14 kW | $3.27 | $32,081 | $19,502 | 15.5 years |
| 16 kW | $3.21 | $35,900 | $23,052 | 15.2 years |
| 18 kW | $3.14 | $39,529 | $26,793 | 14.9 years |
| 20 kW | $3.07 | $42,966 | $30,725 | 14.6 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose significantly impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
- Installation Process: When making the switch to solar power, it’s important to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, project completion timeline rebates and warranties.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Sugar Creek, OH Solar Cost FAQs
What is the average cost of installing solar panels in Sugar Creek?
This is a hard question to answer exactly, because the cost depends on a variety of 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. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Sugar Creek?
You can’t get solar panels for free in Sugar Creek. 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 rather own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $736.91 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses 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.
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.