Solar Panel Cost Guide in Wayne, OH (2025 Update)
- Wayne Solar Installation Cost: $17,751
- 25-Year Savings: $10,634
- Payback Period: 18.5 Years
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Average Cost of Solar Panels in Wayne
Find out what the average cost of solar panels are in Wayne.
The average cost of solar panels in Wayne is 3 per watt.The average Wayne homeowner needs a 7.4-kilowatt system, which would cost about $17,751 with the federal tax credit, or $25,384 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary based on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.With average savings of about $12,000 on power bills over 20 years, many homeowners in Wayne find investing in solar has a decent ROI.
You can click the button below to get connected with a vetted solar company in Wayne for a quote for your home.
Solar savings over time in Wayne
| Year | Return on Investment |
|---|---|
| 1 years | $-16,586 |
| 3 years | $-14,256 |
| 5 years | $-11,926 |
| 7 years | $-9,596 |
| 9 years | $-7,266 |
| 11 years | $-4,936 |
| 13 years | $-2,606 |
| 15 years | $-276 |
| 17 years | $2,054 |
| 19 years | $4,384 |
| 21 years | $6,714 |
| 23 years | $9,044 |
| 25 years | $11,374 |
Top Solar Installers in Wayne
Many homeowners opt for a solar installer since trying to install solar panels yourself can be hard. Another advantage of using a solar installer is that they can help you make the most of your investment by reducing your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
See all of the solar companies in Wayne
Factors that Affect Solar Panel Costs in Wayne
The cost of installing a solar system in Wayne can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,410. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Wayne, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. 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 Wayne to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time due to interest.Though solar loans make adopting solar energy more accessible for Wayne homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Wayne, and each can charge different amounts for labor and equipment.Additionally, some companies in Wayne are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $4,437 | 19.3 years |
| 8 kW | $3.48 | $19,478 | $6,298 | 18.9 years |
| 10 kW | $3.41 | $23,870 | $8,350 | 18.5 years |
| 12 kW | $3.34 | $28,071 | $10,593 | 18.2 years |
| 14 kW | $3.27 | $32,081 | $13,027 | 17.8 years |
| 16 kW | $3.21 | $35,900 | $15,652 | 17.4 years |
| 18 kW | $3.14 | $39,529 | $18,467 | 17.0 years |
| 20 kW | $3.07 | $42,966 | $21,474 | 16.7 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Wayne, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- 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 most likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
EcoWatch's Wayne, OH Solar Cost FAQs
How much does it cost to install solar panels in Wayne?
This is a hard 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Wayne?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wayne is currently $153,481, which means you could be looking at a value of about $6,293 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Wayne is a rewarding investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose 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.