Solar Panel Cost Guide in Chippewa, OH (2024 Update)
- Chippewa Solar Installation Cost: $18,456
- 25-Year Savings: $13,967
- Payback Period: 16.6 Years
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Average Cost of Solar Panels in Chippewa
We go over average solar pricing in Chippewa.
The national average cost of solar panels is $2.66 per watt, but in Chippewa it’s 3 per watt.To cover the typical energy usage of the average home in Chippewa, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $18,456, or $26,392 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 vary based on your specific situation and what company you choose to go with.For most homeowners, the upfront cost of solar is worth paying. On average Chippewa homeowners see about $14,000 in savings on utility bills over 20 years.
Click the button below to get connected to a top solar installer in your area for a personalized quote.
Solar savings over time in Chippewa
| Year | Return on Investment |
|---|---|
| 1 years | $-17,236 |
| 3 years | $-14,796 |
| 5 years | $-12,355 |
| 7 years | $-9,915 |
| 9 years | $-7,474 |
| 11 years | $-5,034 |
| 13 years | $-2,593 |
| 15 years | $-153 |
| 17 years | $2,287 |
| 19 years | $4,728 |
| 21 years | $7,168 |
| 23 years | $9,609 |
| 25 years | $12,049 |
Top Solar Installers in Chippewa
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Going with an installer can make switching to solar power much easier. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar contractor too, which can save you more money over time.
If you’d like to switch to solar energy but still aren’t sure which solar company to go with, here are our recommendations for providers 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 Chippewa
Factors that Affect Solar Panel Costs in Chippewa
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Chippewa: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in Chippewa, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $3,410 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Chippewa to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Chippewa is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets.Additionally, some companies in Chippewa know more about local solar incentives and can help you learn about 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 | $6,695 | 17.2 years |
| 8 kW | $3.48 | $19,478 | $9,309 | 16.9 years |
| 10 kW | $3.41 | $23,870 | $12,113 | 16.6 years |
| 12 kW | $3.34 | $28,071 | $15,109 | 16.3 years |
| 14 kW | $3.27 | $32,081 | $18,295 | 15.9 years |
| 16 kW | $3.21 | $35,900 | $21,673 | 15.6 years |
| 18 kW | $3.14 | $39,529 | $25,241 | 15.3 years |
| 20 kW | $3.07 | $42,966 | $29,000 | 14.9 years |
How to Save on Solar Panels
The company that does your solar 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 a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
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 Chippewa, OH Solar Cost FAQs
What is the average cost of installing solar panels in Chippewa?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Chippewa?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Chippewa, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.