Solar Panel Cost Guide in Grafton, OH (2024 Update)
- Grafton Solar Installation Cost: $16,893
- 25-Year Savings: $16,631
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Grafton
Let’s take a look at the average cost of solar panels in Grafton.
The average cost of solar panels in Grafton is 3 per watt.The average solar panel system size in Grafton is around 7.1 kilowatts, meaning a cost of about $16,893 for a solar installation, or $24,157 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of solar system you choose, your solar contractor and more.But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $16,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar company in Grafton for a quote for your home.
Solar savings over time in Grafton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,673 |
| 3 years | $-13,233 |
| 5 years | $-10,792 |
| 7 years | $-8,352 |
| 9 years | $-5,911 |
| 11 years | $-3,471 |
| 13 years | $-1,030 |
| 15 years | $1,410 |
| 17 years | $3,851 |
| 19 years | $6,291 |
| 21 years | $8,732 |
| 23 years | $11,172 |
| 25 years | $13,612 |
Top Solar Installers in Grafton
Although it's possible to install solar panels on your own, it involves extra labor and expertise. That's one of the reasons almost all homeowners choose to go with a solar panel installer. Plus, if you aren’t sure what type of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
If you're searching for a solar installer in Grafton, we've compiled a list of our top suggestions here:
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 Grafton
Factors that Affect Solar Panel Costs in Grafton
For many Grafton homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Grafton, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,410 per kilowatt in Grafton.The model of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Grafton, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.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 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 final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Grafton, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price 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 go with the company that offers the products, warranties and services you’re looking for 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 | $9,957 | 15.0 years |
| 8 kW | $3.48 | $19,478 | $13,658 | 14.7 years |
| 10 kW | $3.41 | $23,870 | $17,549 | 14.4 years |
| 12 kW | $3.34 | $28,071 | $21,632 | 14.1 years |
| 14 kW | $3.27 | $32,081 | $25,906 | 13.8 years |
| 16 kW | $3.21 | $35,900 | $30,371 | 13.5 years |
| 18 kW | $3.14 | $39,529 | $35,026 | 13.3 years |
| 20 kW | $3.07 | $42,966 | $39,873 | 13.0 years |
How to Save on Solar Panels
The solar company you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
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 Grafton, OH Solar Cost FAQs
What is the average cost of installing solar panels in Grafton?
The average cost of solar panels in Grafton 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 things such as the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Grafton?
You can’t get solar panels for free in Grafton. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Grafton, that will require at least a 10-kW system. Not all homes will have roofs that 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 often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.