Solar Panel Cost Guide in Edgewood, OH (2024 Update)
- Edgewood Solar Installation Cost: $18,687
- 25-Year Savings: $13,351
- Payback Period: 17.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Edgewood
Find out how much it might cost to install solar panels in Edgewood.
The average cost of a solar panel system in Edgewood is 3 per watt.Using this figure, a typical 7.8-kW system would cost about $18,687 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Edgewood homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $13,000 on electricity bills over 20 years, many homeowners in Edgewood find going solar can pay off big.
You can click the button below to get connected with a vetted solar company in Edgewood for a quote for your home.
Solar savings over time in Edgewood
| Year | Return on Investment |
|---|---|
| 1 years | $-17,434 |
| 3 years | $-14,926 |
| 5 years | $-12,418 |
| 7 years | $-9,911 |
| 9 years | $-7,403 |
| 11 years | $-4,895 |
| 13 years | $-2,388 |
| 15 years | $120 |
| 17 years | $2,627 |
| 19 years | $5,135 |
| 21 years | $7,643 |
| 23 years | $10,150 |
| 25 years | $12,658 |
Top Solar Installers in Edgewood
When going solar, many homeowners choose to use a solar installer since DIY solar panel installation can be a time-consuming project. Plus, if you aren’t sure what brand of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Edgewood
Factors that Affect Solar Panel Costs in Edgewood
While the average cost of a solar system in Edgewood is $18,687, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,410. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Edgewood, where sunlight isn’t as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Edgewood provide solar loans, which reduce the initial cost of installing a solar system.Although solar loans make going solar more accessible for Edgewood homeowners, they can also add to the total you pay for your system due to interest. If you make 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 choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating in Edgewood, and each can charge varying amounts for labor and equipment.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $6,089 | 17.7 years |
| 8 kW | $3.48 | $19,478 | $8,501 | 17.4 years |
| 10 kW | $3.41 | $23,870 | $11,103 | 17.1 years |
| 12 kW | $3.34 | $28,071 | $13,897 | 16.7 years |
| 14 kW | $3.27 | $32,081 | $16,881 | 16.4 years |
| 16 kW | $3.21 | $35,900 | $20,056 | 16.0 years |
| 18 kW | $3.14 | $39,529 | $23,423 | 15.7 years |
| 20 kW | $3.07 | $42,966 | $26,980 | 15.4 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. Because picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- 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 do the job well. Another way you can check your installer’s reputation is by reading reviews.
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 Edgewood, OH Solar Cost FAQs
What is the average cost of installing solar panels in Edgewood?
The average cost of solar panels in Edgewood is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will installing solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Edgewood is currently $182,150, so you could be looking at a value of about $7,468 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Edgewood is a rewarding investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage 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 get 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.