Solar Panel Cost Guide in Sylvania, OH (Mar 2023)
- Sylvania Solar Installation Cost: $13,709
- 25-Year Savings: $15,308
- Payback Period: 11.8 Years
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Updated March 14, 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.
The average cost of a solar system in Sylvania is 2.56 per watt. The average Sylvania homeowner needs a 7.7-kilowatt system, which would cost about $13,709 with the federal tax credit, or $19,604 before the 30% tax credit is applied.
These figures are just averages, and the cost of going solar for you will differ based on your energy needs and what company you go with. For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $14,000 in savings on utility bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Sylvania
| Year | Return on Investment |
|---|---|
| 1 years | $-12,548 |
| 3 years | $-10,227 |
| 5 years | $-7,905 |
| 7 years | $-5,584 |
| 9 years | $-3,263 |
| 11 years | $-942 |
| 13 years | $1,380 |
| 15 years | $3,701 |
| 17 years | $6,022 |
| 19 years | $8,344 |
| 21 years | $10,665 |
| 23 years | $12,986 |
| 25 years | $15,308 |
Top Solar Installers in Sylvania
Many homeowners opt for a solar installer since installing solar panels on your own can be a lot of work. Local solar companies can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
If you're on the hunt for a solar installer in Sylvania, we've organized a list of our top suggestions here:
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 Sylvania
Factors that Affect Solar Panel Costs in Sylvania
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Sylvania: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Sylvania, 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 determine by looking at past electricity bills. Your overall cost can increase by around $2,560 for each additional kilowatt you need. 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. In addition, add-on products, such as solar batteries, can bring your total well above the Sylvania average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Sylvania homeowners choose to finance their solar panel systems to make paying for solar more affordable. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Sylvania, and each can charge varying amounts for labor and equipment. Some companies 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 come at a higher cost. It's best to do some research and decide on the company that has the products, warranties and services you want and also is 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 | $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 numerous companies to choose from in Sylvania, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully 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 (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 Sylvania, OH Solar Cost FAQs
What is the average cost of installing solar panels in Sylvania?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly 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 cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your 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 $152,174, so you can look forward to a value of about $6,239 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Sylvania is a worthwhile investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.