Solar Panel Cost Guide in South Euclid, OH (2024 Update)

  • South Euclid Solar Installation Cost: $18,803
  • 25-Year Savings: $12,542
  • Payback Period: 16.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in South Euclid

Find out what the average cost of solar panels are in South Euclid.

Although the national average of solar panels is $2.66 per watt, solar panels in South Euclid generally cost around 3.Using this figure, a typical 7.9-kW system would cost about $18,803 before the 0 federal solar tax credit is applied.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what company you go with.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $14,000 in savings on energy bills over 20 years.

You can click the button below to get connected with a pre-vetted solar installer in South Euclid for a quote for your home.

Solar savings over time in South Euclid

Year Return on Investment
1 years $-17,549
3 years $-15,041
5 years $-12,534
7 years $-10,026
9 years $-7,518
11 years $-5,011
13 years $-2,503
15 years $4
17 years $2,512
19 years $5,020
21 years $7,527
23 years $10,035
25 years $12,542

Top Solar Installers in South Euclid

Trying to install solar panels by yourself can be a stressful project, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you aren’t sure what type of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.

There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • 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 South Euclid

Factors that Affect Solar Panel Costs in South Euclid

For many South Euclid homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in South Euclid, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,410.The kind of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.

Solar Financing Terms

If paying for a solar system in cash is difficult, solar loans are an affordable route because they cut back your upfront costs and let you pay for your system over five to seven years on average.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

Finally, the company you get to install your solar system can influence your pricing. South Euclid’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.

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 $7,185 16.9 years
8 kW $3.48 $19,478 $9,961 16.5 years
10 kW $3.41 $23,870 $12,929 16.2 years
12 kW $3.34 $28,071 $16,088 15.9 years
14 kW $3.27 $32,081 $19,438 15.6 years
16 kW $3.21 $35,900 $22,978 15.2 years
18 kW $3.14 $39,529 $26,710 14.9 years
20 kW $3.07 $42,966 $30,632 14.6 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 select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Contract: Although reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
  • Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
  • Reputation: Well-established companies likely have a solid 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.
  • Warranty: If you’re concerned about the longevity of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's South Euclid, OH Solar Cost FAQs

How much does it cost to install solar panels in South Euclid?

This is a hard question to answer precisely, because the cost depends on a few different 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 cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Can you get solar panels for free in South Euclid?

A solar panel system isn’t free in South Euclid, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

Can solar panels significantly reduce my energy bills?

Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $735.98 per year.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy usage and the amount of 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 get 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.

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