Solar Panel Cost Guide in Swanton, OH (2024 Update)
- Swanton Solar Installation Cost: $18,256
- 25-Year Savings: $14,426
- Payback Period: 16.2 Years
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Average Cost of Solar Panels in Swanton
Here’s how much it might cost to switch to solar power in Swanton.
The average cost of solar panels in Swanton is 3 per watt.Because a 7.6-kW system is needed to cover the energy usage of a typical home in Swanton, the average price of going solar will be about $18,256 after claiming the federal solar tax credit of 0.
The true cost of your system can go higher or lower than the average in Swanton based on several factors, such as the model of solar panels you choose and the solar company you hire.For many homeowners, the upfront cost of solar power is worth paying. On average Swanton homeowners see about $14,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a top solar company in Swanton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Swanton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,958 |
| 3 years | $-14,364 |
| 5 years | $-11,769 |
| 7 years | $-9,175 |
| 9 years | $-6,580 |
| 11 years | $-3,986 |
| 13 years | $-1,391 |
| 15 years | $1,204 |
| 17 years | $3,798 |
| 19 years | $6,393 |
| 21 years | $8,987 |
| 23 years | $11,582 |
| 25 years | $14,176 |
Top Solar Installers in Swanton
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of an installer can make your swap to solar power much easier. Companies can also have access to various kinds of the best solar panels and help you decide which one will be right for you.
Working with a licensed 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
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
There are a number of factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,410. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Swanton, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Swanton homeowners opt to finance their solar panel systems to make paying for solar more affordable.Though solar loans make switching to solar energy more accessible for Swanton homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also fits within your budget.
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 | $7,174 | 16.9 years |
| 8 kW | $3.48 | $19,478 | $9,948 | 16.5 years |
| 10 kW | $3.41 | $23,870 | $12,912 | 16.2 years |
| 12 kW | $3.34 | $28,071 | $16,067 | 15.9 years |
| 14 kW | $3.27 | $32,081 | $19,413 | 15.6 years |
| 16 kW | $3.21 | $35,900 | $22,951 | 15.3 years |
| 18 kW | $3.14 | $39,529 | $26,679 | 14.9 years |
| 20 kW | $3.07 | $42,966 | $30,598 | 14.6 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Contract: Before signing a contract with a solar installer, make sure you read it through carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- 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 adequate aftercare and customer support, 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
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?
This is a difficult question to answer precisely, 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Swanton?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Swanton?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 account for 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.