Solar Panel Cost Guide in Sugarcreek, OH (Mar 2023)
- Sugarcreek Solar Installation Cost: $13,332
- 25-Year Savings: $9,955
- Payback Period: 14.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Sugarcreek
Let's have a look at the average cost of solar panels in Sugarcreek.
The national average cost of solar panels is $2.66 per watt, but in Sugarcreek it's 2.56 per watt. The average solar panel system size in Sugarcreek is around 7.4 kilowatts, meaning a cost of about $13,332 for a solar installation, or $19,065 before the 30% federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will vary based on your specific situation and what company you go with. For many homeowners, the upfront cost of solar panels is worth paying. On average Sugarcreek homeowners see about $12,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Sugarcreek for a quote for your home.
Solar savings over time in Sugarcreek
| Year | Return on Investment |
|---|---|
| 1 years | $-12,401 |
| 3 years | $-10,538 |
| 5 years | $-8,675 |
| 7 years | $-6,812 |
| 9 years | $-4,949 |
| 11 years | $-3,086 |
| 13 years | $-1,223 |
| 15 years | $640 |
| 17 years | $2,503 |
| 19 years | $4,366 |
| 21 years | $6,229 |
| 23 years | $8,092 |
| 25 years | $9,955 |
Top Solar Installers in Sugarcreek
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of an installer can make swapping over to solar power much easier. Another benefit of utilizing a solar installer is that they can help you maximize your return of investment by lowering your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Sugarcreek
Factors that Affect Solar Panel Costs in Sugarcreek
The cost of installing a solar system in Sugarcreek can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require 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. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Sugarcreek, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Sugarcreek to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. It's a good idea to factor 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 back the loan.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Sugarcreek is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different price points. Additionally, some companies in Sugarcreek have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $2.66 | $11,182 | $7,600 | 14.9 years |
| 8 kW | $2.61 | $14,623 | $10,420 | 14.6 years |
| 10 kW | $2.56 | $17,920 | $13,384 | 14.3 years |
| 12 kW | $2.51 | $21,074 | $16,491 | 14.0 years |
| 14 kW | $2.46 | $24,084 | $19,741 | 13.7 years |
| 16 kW | $2.41 | $26,952 | $23,134 | 13.5 years |
| 18 kW | $2.36 | $29,676 | $26,671 | 13.2 years |
| 20 kW | $2.30 | $32,256 | $30,351 | 12.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose considerably affects 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:
- 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 opt for.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Sugarcreek, OH Solar Cost FAQs
How much does it cost to install solar panels in Sugarcreek?
This is a hard question to answer exactly, 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $626.07 per year.
How long do solar panels last in Sugarcreek?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.