Solar Panel Cost Guide in Sylvania, OH (2024 Update)
- Sylvania Solar Installation Cost: $18,269
- 25-Year Savings: $15,301
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Sylvania
We go over average solar pricing in Sylvania.
In Sylvania, solar panels cost about 3 per watt on average.The average solar panel system size in Sylvania is around 7.7 kilowatts, meaning a cost of about $18,269 for a solar installation, or $26,125 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar panels you choose, your solar contractor and more.Despite the large initial cost, the average Sylvania homeowner can save about $14,000 on their electricity 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 installer in Sylvania that can help you get a more accurate cost estimate for your home.
Solar savings over time in Sylvania
| Year | Return on Investment |
|---|---|
| 1 years | $-16,972 |
| 3 years | $-14,377 |
| 5 years | $-11,782 |
| 7 years | $-9,188 |
| 9 years | $-6,593 |
| 11 years | $-3,999 |
| 13 years | $-1,404 |
| 15 years | $1,190 |
| 17 years | $3,785 |
| 19 years | $6,380 |
| 21 years | $8,974 |
| 23 years | $11,569 |
| 25 years | $14,163 |
Top Solar Installers in Sylvania
Although it's possible to install solar panels on your own, it requires extra time and handiness. That's why most people choose to hire a solar panel installer. Some solar installers, especially local ones, can help you make the most of incentives in Sylvania, thereby optimizing your ROI.
If you’d like to make the switch to solar but still aren’t sure which solar panel company to go with, here are our recommendations for providers in Sylvania:
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 Sylvania
Factors that Affect Solar Panel Costs in Sylvania
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Sylvania: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,410.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 choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Sylvania average.
Solar Financing Terms
Most solar installers in Sylvania offer solar loans, which reduce your upfront costs of installing solar panels.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Sylvania is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services at different price points.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $7,853 | 16.4 years |
| 8 kW | $3.48 | $19,478 | $10,852 | 16.1 years |
| 10 kW | $3.41 | $23,870 | $14,043 | 15.7 years |
| 12 kW | $3.34 | $28,071 | $17,424 | 15.4 years |
| 14 kW | $3.27 | $32,081 | $20,996 | 15.1 years |
| 16 kW | $3.21 | $35,900 | $24,760 | 14.8 years |
| 18 kW | $3.14 | $39,529 | $28,714 | 14.5 years |
| 20 kW | $3.07 | $42,966 | $32,859 | 14.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Different companies carry different brands and types of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Installation Process: When making the switch to solar energy, it’s important to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
- 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 installation through, but will also provide adequate aftercare and customer service, 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 Sylvania, OH Solar Cost FAQs
What is the average cost of installing solar panels in Sylvania?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Sylvania?
Solar panels aren’t free in Sylvania, 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 will installing solar panels impact how much my home is worth?
Buying or financing solar panels for 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 $292,598, which means you can look forward to a value of about $11,997 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Sylvania is a fruitful investment.
How many solar panels should I get 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.