Solar Panel Cost Guide in Swan Creek, OH (2025 Update)
- Swan Creek Solar Installation Cost: $18,243
- 25-Year Savings: $15,827
- Payback Period: 15.4 Years
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Average Cost of Solar Panels in Swan Creek
We go over average solar pricing in Swan Creek.
In Swan Creek, solar panels cost about 3 per watt on average.To account for the typical energy usage of the average home in Swan Creek, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $18,243, or $26,087 before the federal solar tax credit of 0 is applied.
The actual price you pay can go above or below the average in Swan Creek based on several factors, such as the brand of solar panels you choose and the solar installer you hire.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Swan Creek can save around $15,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Swan Creek that can help you get a more accurate cost estimate for your home.
Solar savings over time in Swan Creek
Year | Return on Investment |
---|---|
1 years | $-16,945 |
3 years | $-14,351 |
5 years | $-11,756 |
7 years | $-9,162 |
9 years | $-6,567 |
11 years | $-3,973 |
13 years | $-1,378 |
15 years | $1,217 |
17 years | $3,811 |
19 years | $6,406 |
21 years | $9,000 |
23 years | $11,595 |
25 years | $14,189 |
Top Solar Installers in Swan Creek
Although it's possible to install solar panels yourself, it requires extra time and handiness. Because of that, almost all homeowners choose to go with a solar panel installer. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
Working with a professional 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
See all of the solar companies in Swan Creek
Factors that Affect Solar Panel Costs in Swan Creek
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Swan Creek: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $3,410 per kilowatt in Swan Creek.The type of 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. On the other hand, higher efficiency could save you more over time on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Swan Creek average.
Solar Financing Terms
Many homeowners find the average cost of solar in Swan Creek to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $8,282 | 16.1 years |
8 kW | $3.48 | $19,478 | $11,425 | 15.8 years |
10 kW | $3.41 | $23,870 | $14,759 | 15.4 years |
12 kW | $3.34 | $28,071 | $18,283 | 15.1 years |
14 kW | $3.27 | $32,081 | $21,999 | 14.8 years |
16 kW | $3.21 | $35,900 | $25,906 | 14.5 years |
18 kW | $3.14 | $39,529 | $30,003 | 14.2 years |
20 kW | $3.07 | $42,966 | $34,292 | 13.9 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- 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 significant role in the company you choose.
- 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 solid reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: If you care about the longevity of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Swan Creek, OH Solar Cost FAQs
What is the average cost of installing solar panels in Swan Creek?
The average cost of solar panels in Swan Creek is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Swan Creek?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Can you sell solar power back to the grid in Swan Creek?
Each state has some kind 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 offer you credit toward your future energy bills.
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 usually 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.