Solar Panel Cost Guide in Withamsville, OH (2024 Update)
- Withamsville Solar Installation Cost: $17,585
- 25-Year Savings: $10,987
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Withamsville
See how much it might cost to go solar in Withamsville.
In Withamsville, solar panels cost about 3 per watt on average.To cover the typical energy usage of the average home in Withamsville, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,585, or $25,147 before the federal solar tax credit of 0 is applied.
These figures are only averages, and the cost of going solar for you will most likely look different based on your specific situation and what company you want to go with.With typical savings of about $12,000 on utility bills over 20 years, many homeowners in Withamsville find installing solar panels can be quite rewarding.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Withamsville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,420 |
| 3 years | $-14,090 |
| 5 years | $-11,760 |
| 7 years | $-9,430 |
| 9 years | $-7,100 |
| 11 years | $-4,770 |
| 13 years | $-2,440 |
| 15 years | $-110 |
| 17 years | $2,220 |
| 19 years | $4,550 |
| 21 years | $6,880 |
| 23 years | $9,210 |
| 25 years | $11,540 |
Top Solar Installers in Withamsville
DIY 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 your swap to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over time.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Withamsville
Factors that Affect Solar Panel Costs in Withamsville
For many Withamsville homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Withamsville, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $3,410 per kilowatt in Withamsville.There are many different solar panel brands and the one you choose also affects the cost. Generally, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Withamsville, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the total 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 significantly.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Withamsville, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $4,805 | 18.9 years |
| 8 kW | $3.48 | $19,478 | $6,789 | 18.5 years |
| 10 kW | $3.41 | $23,870 | $8,964 | 18.2 years |
| 12 kW | $3.34 | $28,071 | $11,329 | 17.8 years |
| 14 kW | $3.27 | $32,081 | $13,886 | 17.4 years |
| 16 kW | $3.21 | $35,900 | $16,633 | 17.1 years |
| 18 kW | $3.14 | $39,529 | $19,572 | 16.7 years |
| 20 kW | $3.07 | $42,966 | $22,701 | 16.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar installer. See to it that you understand how the installation process works and the project completion timeline.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project completion timeline incentives and warranties.
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 Withamsville, OH Solar Cost FAQs
How much does it cost to install solar panels in Withamsville?
The average cost of solar panels in Withamsville 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Withamsville?
Leasing solar panels can be an appealing choice, as it usually 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Withamsville?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Withamsville?
On average, solar panels can last 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 level 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.