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 Wadsworth homeowner needs a 7.6-kilowatt system, which would cost about $18,134 with the federal tax credit, or $25,932 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Wadsworth homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $14,000 on energy bills over 20 years, many homeowners in Wadsworth find going solar can pay off big.
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 | $-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
When making the switch to solar, many homeowners choose to hire a solar company since putting up solar panels yourself can be a difficult project. The payback period on a solar system will vary depending on factors like your roof configuration and energy usage, but working 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 National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Wadsworth
Factors that Affect Solar Panel Costs in Wadsworth
There are a number of factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Wadsworth, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking to get 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
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Wadsworth, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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
Since the brand of solar panels and the installer you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Wadsworth?
You can’t get solar panels for free in Wadsworth. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t choose 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 a solar system."
How long do solar panels last in Wadsworth?
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 opt to replace them after having 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.