Solar Panel Cost Guide in Valley, OH (2023 Update)
- Valley Solar Installation Cost: $13,225
- 25-Year Savings: $17,041
- Payback Period: 10.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Valley
See how much it might cost to switch to solar power in Valley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Valley, the average cost of a solar system is 2.56 per watt. The average solar panel system size in Valley is around 7.4 kilowatts, meaning a cost of about $13,225 for a solar installation, or $18,912 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Valley based on a few factors, such as the brand of solar panels you choose and the solar installer you hire. With average savings of about $16,000 on power bills over 20 years, many homeowners in Valley find investing in solar has a decent ROI.
To receive a free quote from a pre-vetted solar installation company in Valley, you can click the button below.
Solar savings over time in Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-12,014 |
| 3 years | $-9,593 |
| 5 years | $-7,172 |
| 7 years | $-4,750 |
| 9 years | $-2,329 |
| 11 years | $92 |
| 13 years | $2,513 |
| 15 years | $4,935 |
| 17 years | $7,356 |
| 19 years | $9,777 |
| 21 years | $12,198 |
| 23 years | $14,620 |
| 25 years | $17,041 |
Top Solar Installers in Valley
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Going with a solar panel installer can make swapping over to solar power much easier. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
Working with a licensed solar company can make going solar easier. 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 Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Valley
Factors that Affect Solar Panel Costs in Valley
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Valley: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Valley, 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 determine by looking at past electricity bills. Your overall cost can increase by around $2,560 for each additional kilowatt you need. There are many different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. While solar loans make switching to solar energy more accessible for Valley homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you opt for to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies in Valley, and each can charge different 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 provides the products, warranties and services you're looking for and also fit into 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 | $13,439 | 11.4 years |
| 8 kW | $2.61 | $14,623 | $18,206 | 11.1 years |
| 10 kW | $2.56 | $17,920 | $23,116 | 10.9 years |
| 12 kW | $2.51 | $21,074 | $28,169 | 10.7 years |
| 14 kW | $2.46 | $24,084 | $33,366 | 10.5 years |
| 16 kW | $2.41 | $26,952 | $38,706 | 10.3 years |
| 18 kW | $2.36 | $29,676 | $44,189 | 10.0 years |
| 20 kW | $2.30 | $32,256 | $49,816 | 9.8 years |
How to Save on Solar Panels
The solar company you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- 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 model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project completion timeline.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Valley, OH Solar Cost FAQs
What is the average cost of installing solar panels in Valley?
The average cost of solar panels in Valley 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Does Valley have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 buy 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.