Solar Panel Cost Guide in Warrensville Heights, OH (2024 Update)
- Warrensville Heights Solar Installation Cost: $18,803
- 25-Year Savings: $15,326
- Payback Period: 16.0 Years
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Average Cost of Solar Panels in Warrensville Heights
Find out how much it might cost to switch to solar power in Warrensville Heights.
The average cost of a solar system in Warrensville Heights is 3 per watt.Since a 7.9-kW system is needed to cover the energy consumption of a typical home in Warrensville Heights, the average price of going solar will be about $18,803 after claiming the federal solar tax credit of 0.
The actual price you pay can be higher or lower than the average in Warrensville Heights depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire.With typical savings of about $14,000 on energy bills over 20 years, many homeowners in Warrensville Heights find installing solar panels has a decent ROI.
To receive a free estimate from a vetted solar installation company in Warrensville Heights, you can click the button below.
Solar savings over time in Warrensville Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-17,549 |
| 3 years | $-15,041 |
| 5 years | $-12,534 |
| 7 years | $-10,026 |
| 9 years | $-7,518 |
| 11 years | $-5,011 |
| 13 years | $-2,503 |
| 15 years | $4 |
| 17 years | $2,512 |
| 19 years | $5,020 |
| 21 years | $7,527 |
| 23 years | $10,035 |
| 25 years | $12,542 |
Top Solar Installers in Warrensville Heights
Installing solar panels yourself can be a stressful task, which is why using a solar installation company is a good option for many homeowners. Another good thing about going with a top solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Warrensville Heights
Factors that Affect Solar Panel Costs in Warrensville Heights
Although the average cost of a solar system in Warrensville Heights is $18,803, your final cost may differ. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,410. The model of solar panels and equipment you want is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid route because they lower your upfront costs and allow you to pay for your system over five to seven years on average.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Warrensville Heights, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $7,531 | 16.6 years |
| 8 kW | $3.48 | $19,478 | $10,423 | 16.3 years |
| 10 kW | $3.41 | $23,870 | $13,506 | 16.0 years |
| 12 kW | $3.34 | $28,071 | $16,780 | 15.6 years |
| 14 kW | $3.27 | $32,081 | $20,245 | 15.3 years |
| 16 kW | $3.21 | $35,900 | $23,901 | 15.0 years |
| 18 kW | $3.14 | $39,529 | $27,748 | 14.7 years |
| 20 kW | $3.07 | $42,966 | $31,786 | 14.4 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Solar Panel Brands: The model of solar panel you’d like to install plays a part in which installer you should opt for, since different companies have access to different panels.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
- Warranty: If you’re worried about the endurance of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Warrensville Heights, OH Solar Cost FAQs
How much does it cost to install solar panels in Warrensville Heights?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Warrensville Heights?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.