Solar Panel Cost Guide in Harrison, OH (2024 Update)
- Harrison Solar Installation Cost: $17,915
- 25-Year Savings: $10,652
- Payback Period: 18.6 Years
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Average Cost of Solar Panels in Harrison
Find out what the average cost of solar panels are in Harrison.
While the national average of solar panels is $2.66 per watt, solar panels in Harrison typically cost about 3.The average solar panel system size in Harrison is around 7.5 kilowatts, meaning a cost of about $17,915 for a solar installation, or $25,618 before the 0 federal solar tax credit is applied.
The actual price you pay can go higher or lower than the average in Harrison based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.Even with the large initial cost, the average Harrison homeowner can save around $12,000 on their power bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a vetted solar panel company in Harrison for a custom estimate.
Solar savings over time in Harrison
| Year | Return on Investment |
|---|---|
| 1 years | $-16,897 |
| 3 years | $-14,860 |
| 5 years | $-12,823 |
| 7 years | $-10,787 |
| 9 years | $-8,750 |
| 11 years | $-6,714 |
| 13 years | $-4,677 |
| 15 years | $-2,640 |
| 17 years | $-604 |
| 19 years | $1,433 |
| 21 years | $3,469 |
| 23 years | $5,506 |
| 25 years | $7,543 |
Top Solar Installers in Harrison
Trying to install solar panels yourself can be a difficult task, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar installers offer can be valuable as well, particularly if you don’t quite know what kind of solar equipment you need.
If you're looking for a solar company in Harrison, we've organized a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Harrison
Factors that Affect Solar Panel Costs in Harrison
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Harrison: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $3,410 per kilowatt in Harrison.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular choice because they lower your upfront costs and let you pay for your system over five to seven years on average.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar panel installer you choose will play a role in your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Harrison have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $4,373 | 19.3 years |
| 8 kW | $3.48 | $19,478 | $6,213 | 19.0 years |
| 10 kW | $3.41 | $23,870 | $8,243 | 18.6 years |
| 12 kW | $3.34 | $28,071 | $10,465 | 18.2 years |
| 14 kW | $3.27 | $32,081 | $12,877 | 17.8 years |
| 16 kW | $3.21 | $35,900 | $15,481 | 17.5 years |
| 18 kW | $3.14 | $39,529 | $18,275 | 17.1 years |
| 20 kW | $3.07 | $42,966 | $21,260 | 16.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: If you’re worried about the longevity of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Harrison, OH Solar Cost FAQs
What is the average cost of installing solar panels in Harrison?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Harrison?
You can’t get solar panels for free in Harrison. However, you may still be able to afford 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.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Harrison is currently $285,798, so you could be looking at a value of about $11,718 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Harrison is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 buy 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.