Solar Panel Cost Guide in Upper, OH (Mar 2023)
- Upper Solar Installation Cost: $13,243
- 25-Year Savings: $20,212
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Upper
We break down average solar pricing in Upper.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Upper, the average cost of solar panels is 2.56 per watt. The average solar panel system size in Upper is around 7.4 kilowatts, meaning a cost of about $13,243 for a solar installation, or $18,937 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of solar system you want to get, your solar contractor and more. Many homeowners find adopting solar power is a sound investment. The average homeowner in Upper can save about $17,000 on their energy bills over 20 years.
To receive a free quote from a vetted solar installer in Upper, you can click the button below.
Solar savings over time in Upper
| Year | Return on Investment |
|---|---|
| 1 years | $-11,905 |
| 3 years | $-9,228 |
| 5 years | $-6,552 |
| 7 years | $-3,876 |
| 9 years | $-1,199 |
| 11 years | $1,477 |
| 13 years | $4,153 |
| 15 years | $6,830 |
| 17 years | $9,506 |
| 19 years | $12,183 |
| 21 years | $14,859 |
| 23 years | $17,535 |
| 25 years | $20,212 |
Top Solar Installers in Upper
When switching to solar energy, many homeowners opt to use a solar company since handling can be a challenging project. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
If you're searching for a solar company in Upper, the EcoWatch team has put together 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 Upper
Factors that Affect Solar Panel Costs in Upper
For many Upper homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Upper, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,560. There are a lot of different solar panel brands and the one you choose also changes the cost. Usually, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Upper homeowners choose to finance their solar panel systems to make going solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can influence your pricing. Upper's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies keep up with 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 | $15,976 | 10.3 years |
| 8 kW | $2.61 | $14,623 | $21,588 | 10.1 years |
| 10 kW | $2.56 | $17,920 | $27,343 | 9.9 years |
| 12 kW | $2.51 | $21,074 | $33,242 | 9.7 years |
| 14 kW | $2.46 | $24,084 | $39,284 | 9.5 years |
| 16 kW | $2.41 | $26,952 | $45,470 | 9.3 years |
| 18 kW | $2.36 | $29,676 | $51,798 | 9.1 years |
| 20 kW | $2.30 | $32,256 | $58,271 | 8.9 years |
How to Save on Solar Panels
There are many companies available in Upper, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: When going solar, it's important to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
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 Upper, OH Solar Cost FAQs
What is the average cost of installing solar panels in Upper?
The average cost of solar panels in Upper is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual 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 Upper?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Upper is currently $89,574, so you can look forward to a value of about $3,673 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Upper 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 needs 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.