Solar Panel Cost Guide in Tallmadge, OH (2023 Update)
- Tallmadge Solar Installation Cost: $13,981
- 25-Year Savings: $14,481
- Payback Period: 12.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Tallmadge
Find out what the average cost of solar panel installation is in Tallmadge.
The national average cost of solar panels is $2.66 per watt, but in Tallmadge it's 2.56 per watt. To account for the typical energy needs of the average home in Tallmadge, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,978, or $19,989 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of solar system you want, your solar contractor and more. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Tallmadge can save about $14,000 on their energy 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 Tallmadge
| Year | Return on Investment |
|---|---|
| 1 years | $-13,886 |
| 3 years | $-13,696 |
| 5 years | $-13,506 |
| 7 years | $-13,317 |
| 9 years | $-13,127 |
| 11 years | $-12,937 |
| 13 years | $-12,747 |
| 15 years | $-12,558 |
| 17 years | $-12,368 |
| 19 years | $-12,178 |
| 21 years | $-11,988 |
| 23 years | $-11,799 |
| 25 years | $-11,609 |
Top Solar Installers in Tallmadge
Although it's possible to install solar panels on your own, it involves extra time and handiness. For that reason, the majority of homeowners choose to go with a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Tallmadge:
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 Tallmadge
Factors that Affect Solar Panel Costs in Tallmadge
There are several criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the cost of solar panels in Tallmadge, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by around $2,560 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Tallmadge homeowners decide to finance their solar panel systems to make going solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Tallmadge, 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 cost more. It's best to do some research and decide on the company that offers 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 | $10,707 | 12.8 years |
| 8 kW | $2.61 | $14,623 | $14,563 | 12.5 years |
| 10 kW | $2.56 | $17,920 | $18,562 | 12.3 years |
| 12 kW | $2.51 | $21,074 | $22,704 | 12.0 years |
| 14 kW | $2.46 | $24,084 | $26,990 | 11.8 years |
| 16 kW | $2.41 | $26,952 | $31,419 | 11.5 years |
| 18 kW | $2.36 | $29,676 | $35,991 | 11.3 years |
| 20 kW | $2.30 | $32,256 | $40,707 | 11.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose considerably affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer 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
EcoWatch's Tallmadge, OH Solar Cost FAQs
How much does it cost to install solar panels in Tallmadge?
The average cost of solar panels in Tallmadge 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Tallmadge?
Leasing solar panels can be an option if you can't afford 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 financial benefits from going solar.
Can you sell solar power back to the grid in Tallmadge?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 average daily 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.