Solar Panel Cost Guide in Swan Creek, OH (2023 Update)
- Swan Creek Solar Installation Cost: $13,695
- 25-Year Savings: $15,827
- Payback Period: 11.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Swan Creek
Find out what the average cost of installing solar panels is in Swan Creek.
The national average cost of solar panels is $2.66 per watt, but in Swan Creek it's 2.56 per watt. The average solar panel system size in Swan Creek is around 7.6 kilowatts, meaning a cost of about $13,691 for a solar installation, or $19,578 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Swan Creek homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the return on investment for most homeowners is usually rewarding, with a net average savings of about $15,000 over 20 years on energy bills.
To receive a free estimate from a pre-vetted solar company in Swan Creek, you can click the button below.
Solar savings over time in Swan Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-13,597 |
| 3 years | $-13,400 |
| 5 years | $-13,203 |
| 7 years | $-13,007 |
| 9 years | $-12,810 |
| 11 years | $-12,613 |
| 13 years | $-12,416 |
| 15 years | $-12,219 |
| 17 years | $-12,022 |
| 19 years | $-11,826 |
| 21 years | $-11,629 |
| 23 years | $-11,432 |
| 25 years | $-11,235 |
Top Solar Installers in Swan Creek
Many homeowners opt for a solar panel company since trying to put up solar panels on your own can be challenging. A solar company can also help save you money over time by providing warranties, repairs and system component replacements.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
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
For many Swan Creek homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Swan Creek, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $2,560 per kilowatt in Swan Creek. There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a solid option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your total costs, so it's important to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Swan Creek, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $2.66 | $11,182 | $11,995 | 12.1 years |
| 8 kW | $2.61 | $14,623 | $16,280 | 11.8 years |
| 10 kW | $2.56 | $17,920 | $20,709 | 11.6 years |
| 12 kW | $2.51 | $21,074 | $25,281 | 11.4 years |
| 14 kW | $2.46 | $24,084 | $29,996 | 11.1 years |
| 16 kW | $2.41 | $26,952 | $34,854 | 10.9 years |
| 18 kW | $2.36 | $29,676 | $39,856 | 10.7 years |
| 20 kW | $2.30 | $32,256 | $45,002 | 10.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The model of solar panel you'd like to get plays a role in which company you should choose, since different companies offer different panels.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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?
This is a difficult 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. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Swan Creek?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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.