Solar Panel Cost Guide in Swanton, OH (Mar 2023)
- Swanton Solar Installation Cost: $13,709
- 25-Year Savings: $14,422
- Payback Period: 12.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Swanton
Here's how much it might cost to install solar panels in Swanton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Swanton, the typical cost of a solar system is 2.56 per watt. Using this figure, a typical 7.7-kW system would cost about $13,709 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with. Many homeowners find going solar is a solid investment. The average homeowner in Swanton can save around $14,000 on their electricity bills over 20 years.
To receive a free quote from a pre-vetted solar company in Swanton, you can click the button below.
Solar savings over time in Swanton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,584 |
| 3 years | $-10,333 |
| 5 years | $-8,083 |
| 7 years | $-5,832 |
| 9 years | $-3,582 |
| 11 years | $-1,331 |
| 13 years | $919 |
| 15 years | $3,170 |
| 17 years | $5,420 |
| 19 years | $7,671 |
| 21 years | $9,921 |
| 23 years | $12,172 |
| 25 years | $14,422 |
Top Solar Installers in Swanton
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make your swap to solar power much easier. Another perk of working with a solar company is that they can help you maximize your ROI by cutting back on future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
If you'd like to switch to solar energy but still aren't certain which solar installer 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 (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 Swanton
Factors that Affect Solar Panel Costs in Swanton
The cost of installing a solar system in Swanton can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Swanton, 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 figure out by looking at past energy bills. Your overall cost can increase by about $2,560 for each additional kilowatt you need. The brand of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid choice because they lower your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Swanton, and each can charge different amounts for labor and equipment. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and bulk 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 | $10,887 | 12.7 years |
| 8 kW | $2.61 | $14,623 | $14,803 | 12.4 years |
| 10 kW | $2.56 | $17,920 | $18,862 | 12.2 years |
| 12 kW | $2.51 | $21,074 | $23,064 | 11.9 years |
| 14 kW | $2.46 | $24,084 | $27,410 | 11.7 years |
| 16 kW | $2.41 | $26,952 | $31,899 | 11.4 years |
| 18 kW | $2.36 | $29,676 | $36,532 | 11.2 years |
| 20 kW | $2.30 | $32,256 | $41,308 | 11.0 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 find the right company for you, here are some tips to keep in mind:
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a good company.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you want a specific brand, make sure the solar company you're considering has it.
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 Swanton, OH Solar Cost FAQs
What is the average cost of installing solar panels in Swanton?
The average cost of solar panels in Swanton 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 things such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Swanton?
A solar panel system isn't free in Swanton, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on electricity bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Swanton, 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 contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power 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.