Solar Panel Cost Guide in Violet, OH (2023 Update)
- Violet Solar Installation Cost: $13,476
- 25-Year Savings: $18,431
- Payback Period: 10.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Violet
Let's take a look at the average cost of solar in Violet.
The average cost of solar panels in Violet is 2.56 per watt. The average Violet homeowner needs a 7.5-kilowatt system, which would cost about $13,476 with the federal tax credit, or $19,271 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $16,000 over 20 years on energy bills.
To receive a free estimate from a pre-vetted solar installer in Violet, you can click the button below.
Solar savings over time in Violet
| Year | Return on Investment |
|---|---|
| 1 years | $-12,200 |
| 3 years | $-9,647 |
| 5 years | $-7,094 |
| 7 years | $-4,542 |
| 9 years | $-1,989 |
| 11 years | $563 |
| 13 years | $3,116 |
| 15 years | $5,669 |
| 17 years | $8,221 |
| 19 years | $10,774 |
| 21 years | $13,326 |
| 23 years | $15,879 |
| 25 years | $18,431 |
Top Solar Installers in Violet
Although it's possible to install solar panels on your own, it requires extra energy and know-how. That's why most people choose a solar panel installer. The expertise that solar installers provide can be helpful as well, particularly if you aren't sure what kind of solar equipment you need.
If you're on the hunt for a solar company in Violet, the EcoWatch team has compiled 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 Violet
Factors that Affect Solar Panel Costs in Violet
For many Violet homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Violet, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $2,560 per kilowatt in Violet. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Violet, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. It's wise 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 how long it'll take to pay back the loan.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Violet is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that provide a range of services at different price points. 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 with an above-average cost. It's best to do some research and find a company that has the products, warranties and services you want and also fits 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 | $14,284 | 11.0 years |
| 8 kW | $2.61 | $14,623 | $19,333 | 10.8 years |
| 10 kW | $2.56 | $17,920 | $24,524 | 10.6 years |
| 12 kW | $2.51 | $21,074 | $29,859 | 10.3 years |
| 14 kW | $2.46 | $24,084 | $35,337 | 10.1 years |
| 16 kW | $2.41 | $26,952 | $40,959 | 9.9 years |
| 18 kW | $2.36 | $29,676 | $46,724 | 9.7 years |
| 20 kW | $2.30 | $32,256 | $52,632 | 9.5 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Violet, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
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 Violet, OH Solar Cost FAQs
What is the average cost of installing solar panels in Violet?
The average cost of solar panels in Violet 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 type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is certainly 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?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.