Solar Panel Cost Guide in Truro, OH (2024 Update)
- Truro Solar Installation Cost: $18,014
- 25-Year Savings: $18,523
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Truro
Find out what the average cost of solar panel installation is in Truro.
The national average cost of solar panels is $2.66 per watt, but in Truro it’s 3 per watt.To account for the typical energy usage of the average home in Truro, most homeowners require a 7.5-kilowatt system. Using the figure above, a solar installation costs around $18,014, or $25,760 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary based on a few factors, such as what size system you need, your energy usage and what company you go with.But, after you've paid the initial cost of installation, the payback for most homeowners is usually good, with a net average savings of about $16,000 over 20 years on energy bills.
To get a free estimate from a top solar company in Truro, you can click the button below.
Solar savings over time in Truro
| Year | Return on Investment |
|---|---|
| 1 years | $-16,760 |
| 3 years | $-14,250 |
| 5 years | $-11,741 |
| 7 years | $-9,232 |
| 9 years | $-6,723 |
| 11 years | $-4,214 |
| 13 years | $-1,705 |
| 15 years | $804 |
| 17 years | $3,313 |
| 19 years | $5,822 |
| 21 years | $8,331 |
| 23 years | $10,840 |
| 25 years | $13,349 |
Top Solar Installers in Truro
Although it's possible to install solar panels by yourself, it requires extra effort and know-how. For that reason, most people choose to go with a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you opt for a solar company too, which can save you more money after your initial investment.
Working with a vetted solar company can help your solar project go smoothly. 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 Truro
Factors that Affect Solar Panel Costs in Truro
The cost of installing a solar system in Truro can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar equipment you choose can increase or decrease your cost 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 power bills. In addition, extra products, like solar batteries, can bump up your total well above the Truro average.
Solar Financing Terms
Most solar installers in Truro provide solar loans, which reduce your upfront costs of installing a solar system.However, the interest on solar loans also increases your overall costs, so it’s vital to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you select will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $10,584 | 14.6 years |
| 8 kW | $3.48 | $19,478 | $14,494 | 14.3 years |
| 10 kW | $3.41 | $23,870 | $18,594 | 14.1 years |
| 12 kW | $3.34 | $28,071 | $22,886 | 13.8 years |
| 14 kW | $3.27 | $32,081 | $27,369 | 13.5 years |
| 16 kW | $3.21 | $35,900 | $32,042 | 13.2 years |
| 18 kW | $3.14 | $39,529 | $36,907 | 12.9 years |
| 20 kW | $3.07 | $42,966 | $41,963 | 12.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Contract: Before signing a contract with a solar installer, be sure to look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: The brand of solar panel you need to get plays a role in which company you should opt for, since different companies offer different panels.
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 Truro, OH Solar Cost FAQs
How much does it cost to install solar panels in Truro?
The average cost of solar panels in Truro is about $17,050 for a 5-kW system and $34,100 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 Truro?
Leasing solar panels can be an option if you can’t 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.
Is it worth going solar in Truro?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
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 goes down 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.