Solar Panel Cost Guide in Falls, OH (2024 Update)
- Falls Solar Installation Cost: $17,800
- 25-Year Savings: $16,903
- Payback Period: 14.7 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 Falls
Find out what the average cost of a solar system is in Falls.
The national average cost of solar panels is $2.66 per watt, but in Falls it’s 3 per watt.To account for the typical energy needs of the average home in Falls, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,800, or $25,454 before the federal solar tax credit of 0 is applied.
These figures are only averages, and your own solar costs will look different based on factors unique to your home and what company you choose to go with.For most homeowners, the upfront cost of solar is worth paying. On average Falls homeowners see about $15,000 in savings on utility bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-16,468 |
| 3 years | $-13,804 |
| 5 years | $-11,140 |
| 7 years | $-8,476 |
| 9 years | $-5,812 |
| 11 years | $-3,148 |
| 13 years | $-484 |
| 15 years | $2,180 |
| 17 years | $4,844 |
| 19 years | $7,508 |
| 21 years | $10,172 |
| 23 years | $12,836 |
| 25 years | $15,500 |
Top Solar Installers in Falls
Although it's possible to install solar panels yourself, it takes extra effort and know-how. That's one of the reasons most homeowners choose to hire a solar panel installer. Some solar companies, particularly local ones, can help you better understand incentives in Falls, therefore optimizing your ROI.
There are a number of licensed solar professionals that can install solar panels for you. 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 Falls
Factors that Affect Solar Panel Costs in Falls
For many Falls homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Falls, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Falls, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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
Many homeowners find the average cost of solar in Falls to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can influence how much you pay. Falls’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that provides the products, warranties and services you’re looking for and also fit into 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 | $9,456 | 15.3 years |
| 8 kW | $3.48 | $19,478 | $12,991 | 15.0 years |
| 10 kW | $3.41 | $23,870 | $16,716 | 14.7 years |
| 12 kW | $3.34 | $28,071 | $20,632 | 14.4 years |
| 14 kW | $3.27 | $32,081 | $24,739 | 14.1 years |
| 16 kW | $3.21 | $35,900 | $29,036 | 13.8 years |
| 18 kW | $3.14 | $39,529 | $33,525 | 13.5 years |
| 20 kW | $3.07 | $42,966 | $38,205 | 13.2 years |
How to Save on Solar Panels
The solar company you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: If you’re concerned about the longevity of your solar system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
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 Falls, OH Solar Cost FAQs
What is the average cost of installing solar panels in Falls?
This is a hard 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. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Falls?
A solar panel system isn’t free in Falls, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Falls is currently $228,898, so you could be looking at a value of about $9,385 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Falls is a fruitful investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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.