Solar Panel Cost Guide in Eastlake, OH (2024 Update)
- Eastlake Solar Installation Cost: $18,626
- 25-Year Savings: $12,719
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Eastlake
See how much it might cost to install solar panels in Eastlake.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Eastlake, the average cost of solar panels is 3 per watt.To cover the typical energy usage of the average home in Eastlake, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs about $18,626, or $26,635 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Eastlake depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire.With typical savings of about $13,000 on energy bills over 20 years, many homeowners in Eastlake find installing solar panels can be quite rewarding.
Click the button below to get connected to a highly rated solar panel company in your area for a customized estimate.
Solar savings over time in Eastlake
| Year | Return on Investment |
|---|---|
| 1 years | $-17,372 |
| 3 years | $-14,865 |
| 5 years | $-12,357 |
| 7 years | $-9,849 |
| 9 years | $-7,342 |
| 11 years | $-4,834 |
| 13 years | $-2,327 |
| 15 years | $181 |
| 17 years | $2,689 |
| 19 years | $5,196 |
| 21 years | $7,704 |
| 23 years | $10,211 |
| 25 years | $12,719 |
Top Solar Installers in Eastlake
When making the switch to solar, many homeowners opt to hire a solar installer since DIY solar panel installation can be a time-consuming project. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be right for you.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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 Eastlake
Factors that Affect Solar Panel Costs in Eastlake
For many Eastlake homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Eastlake, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Eastlake, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past power bills. Your overall cost can increase by about $3,410 for each additional kilowatt you need.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Eastlake average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Eastlake, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that has the products, warranties and services you want and also fits within your budget.
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 | $6,158 | 17.7 years |
| 8 kW | $3.48 | $19,478 | $8,593 | 17.3 years |
| 10 kW | $3.41 | $23,870 | $11,218 | 17.0 years |
| 12 kW | $3.34 | $28,071 | $14,035 | 16.7 years |
| 14 kW | $3.27 | $32,081 | $17,042 | 16.3 years |
| 16 kW | $3.21 | $35,900 | $20,240 | 16.0 years |
| 18 kW | $3.14 | $39,529 | $23,630 | 15.6 years |
| 20 kW | $3.07 | $42,966 | $27,210 | 15.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two 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.
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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 Eastlake, OH Solar Cost FAQs
What is the average cost of installing solar panels in Eastlake?
This is a difficult question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Eastlake?
Solar panels aren’t free in Eastlake, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $701.76 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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 install between 20 and 35 panels to account for 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.