Solar Panel Cost Guide in Wadsworth, OH (2023 Update)
- Wadsworth Solar Installation Cost: $13,619
- 25-Year Savings: $15,205
- Payback Period: 11.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wadsworth
Let's have a look at the average cost of solar panels in Wadsworth.
The average cost of solar panels in Wadsworth is 2.56 per watt. Using this figure, a typical 7.6-kW system would cost about $13,619 before the 30% federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will vary based on your specific situation and what company you want to go with. But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $14,000 over 20 years on utility bills.
You can click the button below to get connected with a top solar installer in Wadsworth that can help you get a more accurate cost estimate for your home.
Solar savings over time in Wadsworth
| Year | Return on Investment |
|---|---|
| 1 years | $-12,466 |
| 3 years | $-10,160 |
| 5 years | $-7,854 |
| 7 years | $-5,548 |
| 9 years | $-3,243 |
| 11 years | $-937 |
| 13 years | $1,369 |
| 15 years | $3,675 |
| 17 years | $5,981 |
| 19 years | $8,287 |
| 21 years | $10,593 |
| 23 years | $12,899 |
| 25 years | $15,205 |
Top Solar Installers in Wadsworth
Trying to put up solar panels on your own can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Some solar companies, particularly local ones, can help you better understand incentives in Wadsworth, therefore optimizing your ROI.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Wadsworth
Factors that Affect Solar Panel Costs in Wadsworth
For many Wadsworth homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Wadsworth, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Wadsworth. There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Plus, the type of equipment you choose 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
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Wadsworth 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 lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Wadsworth is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services at different price points. Some companies only sell high-quality, high-efficiency and high-price products — 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 find a company that has the products, warranties and services you're looking for 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 | $11,583 | 12.3 years |
| 8 kW | $2.61 | $14,623 | $15,730 | 12.0 years |
| 10 kW | $2.56 | $17,920 | $20,021 | 11.8 years |
| 12 kW | $2.51 | $21,074 | $24,456 | 11.6 years |
| 14 kW | $2.46 | $24,084 | $29,034 | 11.3 years |
| 16 kW | $2.41 | $26,952 | $33,755 | 11.1 years |
| 18 kW | $2.36 | $29,676 | $38,619 | 10.9 years |
| 20 kW | $2.30 | $32,256 | $43,627 | 10.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Wadsworth, OH Solar Cost FAQs
What is the average cost of installing solar panels in Wadsworth?
The average cost of solar panels in Wadsworth 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Wadsworth?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can 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 get 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.