Solar Panel Cost Guide in Russell, OH (2024 Update)
- Russell Solar Installation Cost: $18,571
- 25-Year Savings: $13,438
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Russell
We break down average solar pricing in Russell.
The average cost of a solar system in Russell is 3 per watt.Because a 7.8-kW system is needed to cover the energy costs of a typical home in Russell, the average price of going solar will be about $18,571 after claiming the federal solar tax credit of 0.
These figures are just averages, and how much solar costs for you may look different based on factors unique to your home and what company you go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Russell can save around $13,000 on their power bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Russell
| Year | Return on Investment |
|---|---|
| 1 years | $-17,317 |
| 3 years | $-14,810 |
| 5 years | $-12,302 |
| 7 years | $-9,794 |
| 9 years | $-7,287 |
| 11 years | $-4,779 |
| 13 years | $-2,272 |
| 15 years | $236 |
| 17 years | $2,744 |
| 19 years | $5,251 |
| 21 years | $7,759 |
| 23 years | $10,267 |
| 25 years | $12,774 |
Top Solar Installers in Russell
Although it's possible to install solar panels on your own, it takes extra energy and know-how. That's one of the reasons most people choose a solar panel installer. Another great thing about going with a vetted solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers near you:
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 Russell
Factors that Affect Solar Panel Costs in Russell
For many Russell homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Russell, 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
One of the most significant 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 uses, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Russell.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater 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 out of reach, solar loans are a popular choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Although solar loans make going solar more accessible for Russell homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you select will impact your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that has 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 | $6,220 | 17.6 years |
| 8 kW | $3.48 | $19,478 | $8,676 | 17.3 years |
| 10 kW | $3.41 | $23,870 | $11,322 | 17.0 years |
| 12 kW | $3.34 | $28,071 | $14,160 | 16.6 years |
| 14 kW | $3.27 | $32,081 | $17,188 | 16.3 years |
| 16 kW | $3.21 | $35,900 | $20,407 | 15.9 years |
| 18 kW | $3.14 | $39,529 | $23,817 | 15.6 years |
| 20 kW | $3.07 | $42,966 | $27,418 | 15.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- 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 affects which solar panel brands you have access to.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
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 Russell, OH Solar Cost FAQs
What is the average cost of installing solar panels in Russell?
This is a difficult 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Russell?
You can’t get solar panels for free in Russell. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer 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 your property’s value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Russell?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using 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.