Solar Panel Cost Guide in Withamsville, OH (Nov 2022)

  • Withamsville Solar Installation Cost: $13,207
  • 25-Year Savings: $10,981
  • Payback Period: 13.6 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Withamsville

Let's have a look at the average cost of solar panels in Withamsville.

The average cost of solar panels in Withamsville is $3 per watt. Because a 7.4-kW system is needed to cover the energy costs of a typical home in Withamsville, the average price of going solar will be about $13,207 before claiming the federal solar tax credit of 30%.

Bear in mind that the figures above are only estimates based on the average Withamsville homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $12,000 in savings on energy bills over 20 years.

You can click the button below to get connected with a vetted solar company in Withamsville that can help you get a more accurate cost estimate for your home.

Solar savings over time in Withamsville

Year Return on Investment
1 years $-12,240
3 years $-10,304
5 years $-8,369
7 years $-6,434
9 years $-4,499
11 years $-2,564
13 years $-629
15 years $1,306
17 years $3,241
19 years $5,176
21 years $7,111
23 years $9,046
25 years $10,981

Top Solar Installers in Withamsville

When switching to solar energy, many homeowners choose to hire a solar installation company since DIY solar panel installation can be a difficult project. Companies can also have access to quality options of the best solar panels and help you pick which one will be right for your family.

If you're on the hunt for a solar company in Withamsville, we've compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Withamsville

Factors that Affect Solar Panel Costs in Withamsville

Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Withamsville: 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 a few different factors. One of the main factors is the system size. Solar power systems with higher efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,560. There are several different solar panel brands and the one you choose also affects the cost. In general, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want to install 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 financially overwhelming. Solar loans are offered by most installers in Withamsville, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.

Solar Panel Installation Company

Lastly, the company you opt for to install your solar panels can play a part in determining the cost. Withamsville's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Withamsville know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 $2.66 $11,182 $8,518 14.2 years
8 kW $2.61 $14,623 $11,644 13.9 years
10 kW $2.56 $17,920 $14,914 13.6 years
12 kW $2.51 $21,074 $18,326 13.4 years
14 kW $2.46 $24,084 $21,883 13.1 years
16 kW $2.41 $26,952 $25,582 12.8 years
18 kW $2.36 $29,676 $29,425 12.6 years
20 kW $2.30 $32,256 $33,411 12.3 years

How to Save on Solar Panels

Since the model of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
  • Contract: Look through the contract terms thoroughly to make sure you understand the overall cost, completion timeline rebates and warranties.
  • Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
  • Solar Panel Brands: Different companies will have various brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Withamsville, OH Solar Cost FAQs

How much does it cost to install solar panels in Withamsville?

This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Is cost the most important thing to consider when buying solar panels?

The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.

Can solar panels eliminate my energy bills?

Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $656.67 per year.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a 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.

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