Solar Panel Cost Guide in Wadsworth, OH (2024 Update)
- Wadsworth Solar Installation Cost: $18,134
- 25-Year Savings: $15,210
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Wadsworth
We break down average solar pricing in Wadsworth.
The average cost of a solar system in Wadsworth is 3 per watt.The average solar panel system size in Wadsworth is around 7.6 kilowatts, meaning a cost of about $18,134 for a solar installation, or $25,932 before the 0 federal solar tax credit is applied.
The actual price you pay can go higher or lower than the average in Wadsworth depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire.Despite the high initial cost, the average Wadsworth homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the positives of solar.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Wadsworth
| Year | Return on Investment |
|---|---|
| 1 years | $-16,984 |
| 3 years | $-14,684 |
| 5 years | $-12,385 |
| 7 years | $-10,085 |
| 9 years | $-7,785 |
| 11 years | $-5,486 |
| 13 years | $-3,186 |
| 15 years | $-886 |
| 17 years | $1,414 |
| 19 years | $3,713 |
| 21 years | $6,013 |
| 23 years | $8,313 |
| 25 years | $10,612 |
Top Solar Installers in Wadsworth
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar company can make converting to solar power much easier. The payback period on an investment in solar panels will vary based on factors like your location and energy use, but going with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
If you're on the hunt for a solar installer in Wadsworth, the EcoWatch team has organized 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
See all of the solar companies in Wadsworth
Factors that Affect Solar Panel Costs in Wadsworth
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Wadsworth: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require 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 $3,410.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Wadsworth, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Wadsworth to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time because of interest.While solar loans make switching to solar energy more accessible for Wadsworth homeowners, they can also add to the total you pay for your system due to interest. 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 installation company you select will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Larger national companies generally 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 car 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 | $3.55 | $14,895 | $7,870 | 16.4 years |
| 8 kW | $3.48 | $19,478 | $10,875 | 16.0 years |
| 10 kW | $3.41 | $23,870 | $14,071 | 15.7 years |
| 12 kW | $3.34 | $28,071 | $17,459 | 15.4 years |
| 14 kW | $3.27 | $32,081 | $21,037 | 15.1 years |
| 16 kW | $3.21 | $35,900 | $24,806 | 14.8 years |
| 18 kW | $3.14 | $39,529 | $28,766 | 14.5 years |
| 20 kW | $3.07 | $42,966 | $32,917 | 14.2 years |
How to Save on Solar Panels
The solar company you go with will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- 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 opt for.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated 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 good reviews from past customers.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. 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
EcoWatch's Wadsworth, OH Solar Cost FAQs
How much does it cost to install solar panels in Wadsworth?
The average cost of solar panels in Wadsworth 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Wadsworth?
You can’t get solar panels for free in Wadsworth. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wadsworth is currently $283,312, which means you can expect a value of about $11,616 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Wadsworth is a rewarding investment.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.