Solar Panel Cost Guide in Lemon, OH (2024 Update)
- Lemon Solar Installation Cost: $17,747
- 25-Year Savings: $14,068
- Payback Period: 16.2 Years
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Average Cost of Solar Panels in Lemon
We break down average solar pricing in Lemon.
In Lemon, solar panels cost about 3 per watt on average.The average Lemon homeowner needs a 7.4-kilowatt system, which would cost about $17,747 with the federal tax credit, or $25,378 before the 0 tax credit is applied.
The true cost of your system can go higher or lower than the average in Lemon depending on a few factors, such as the type of solar panels you choose and the solar installer you hire.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $14,000 over 20 years on power bills.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Lemon
| Year | Return on Investment |
|---|---|
| 1 years | $-16,582 |
| 3 years | $-14,252 |
| 5 years | $-11,922 |
| 7 years | $-9,592 |
| 9 years | $-7,262 |
| 11 years | $-4,932 |
| 13 years | $-2,602 |
| 15 years | $-272 |
| 17 years | $2,058 |
| 19 years | $4,388 |
| 21 years | $6,718 |
| 23 years | $9,048 |
| 25 years | $11,378 |
Top Solar Installers in Lemon
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be a lot of work. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you’d like to go solar but still aren’t sure which solar system installer to go with, here are our suggestions for providers nearby:
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 Lemon
Factors that Affect Solar Panel Costs in Lemon
For many Lemon homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Lemon, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,410. There are several different solar panel brands and the one you choose also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Lemon provide solar loans, which reduce the initial cost of installing solar panels.Though solar loans make going solar more accessible for Lemon homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Lemon is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different price points.Additionally, some companies in Lemon are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $7,210 | 16.8 years |
| 8 kW | $3.48 | $19,478 | $9,995 | 16.5 years |
| 10 kW | $3.41 | $23,870 | $12,971 | 16.2 years |
| 12 kW | $3.34 | $28,071 | $16,138 | 15.9 years |
| 14 kW | $3.27 | $32,081 | $19,496 | 15.6 years |
| 16 kW | $3.21 | $35,900 | $23,045 | 15.2 years |
| 18 kW | $3.14 | $39,529 | $26,785 | 14.9 years |
| 20 kW | $3.07 | $42,966 | $30,716 | 14.6 years |
How to Save on Solar Panels
The solar panel company you opt for will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Make sure you’re on the same page with the installer 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.
- Contract: Review the contract terms carefully to make sure you understand the total cost, project timeline rebates and warranties.
- Warranty: If you’re worried about the durability of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Lemon, OH Solar Cost FAQs
What is the average cost of installing solar panels in Lemon?
The average cost of solar panels in Lemon 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Lemon?
You can’t get solar panels for free in Lemon. 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.
Does Lemon have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 house 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.