Solar Panel Cost Guide in Sylvania, OH (2023 Update)
- Sylvania Solar Installation Cost: $13,715
- 25-Year Savings: $15,301
- Payback Period: 11.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sylvania
Let's take a look at the average cost of solar in Sylvania.
Although the national average of solar panels is $2.66 per watt, solar panels in Sylvania generally cost about 2.56. Because a 7.7-kW system is needed to cover the energy needs of a typical home in Sylvania, the average price of going solar will be about $13,709 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and the cost of going solar for you will look different based on your energy needs and what company you go with. Even with the significant initial cost, the average Sylvania homeowner can save about $14,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar company in Sylvania for a quote for your home.
Solar savings over time in Sylvania
| Year | Return on Investment |
|---|---|
| 1 years | $-13,618 |
| 3 years | $-13,425 |
| 5 years | $-13,231 |
| 7 years | $-13,038 |
| 9 years | $-12,845 |
| 11 years | $-12,651 |
| 13 years | $-12,458 |
| 15 years | $-12,264 |
| 17 years | $-12,071 |
| 19 years | $-11,877 |
| 21 years | $-11,684 |
| 23 years | $-11,490 |
| 25 years | $-11,297 |
Top Solar Installers in Sylvania
When making the switch to solar, many homeowners decide to use a solar company since overseeing your solar installation yourself can be a difficult project. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
Working with a vetted solar installer can help you make the most of your investment in solar. 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 Sylvania
Factors that Affect Solar Panel Costs in Sylvania
While the average cost of a solar system in Sylvania is $13,709, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar equipment you choose can increase or decrease your cost 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 energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Sylvania average.
Solar Financing Terms
Many homeowners find the average cost of solar in Sylvania to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. Although solar loans make going solar more accessible for Sylvania 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you get to install your solar system can affect how much you pay. Sylvania's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $11,565 | 12.3 years |
| 8 kW | $2.61 | $14,623 | $15,707 | 12.1 years |
| 10 kW | $2.56 | $17,920 | $19,993 | 11.8 years |
| 12 kW | $2.51 | $21,074 | $24,421 | 11.6 years |
| 14 kW | $2.46 | $24,084 | $28,993 | 11.3 years |
| 16 kW | $2.41 | $26,952 | $33,708 | 11.1 years |
| 18 kW | $2.36 | $29,676 | $38,567 | 10.9 years |
| 20 kW | $2.30 | $32,256 | $43,569 | 10.6 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Sylvania, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Long-standing companies 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.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Sylvania, OH Solar Cost FAQs
How much does it cost to install solar panels in Sylvania?
The average cost of solar panels in Sylvania is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real 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.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Sylvania is currently $152,174, which means you could be looking at a value of about $6,239 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Sylvania is a worthwhile investment.
How long do solar panels last in Sylvania?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use 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.