Solar Panel Cost Guide in Streetsboro, OH (2024 Update)
- Streetsboro Solar Installation Cost: $18,596
- 25-Year Savings: $13,490
- Payback Period: 16.9 Years
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Average Cost of Solar Panels in Streetsboro
Find out what the average cost of a solar system is in Streetsboro.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Streetsboro, the typical cost of solar panels is 3 per watt.Since a 7.8-kW system is needed to cover the energy needs of a typical home in Streetsboro, the average price of going solar will be about $18,596 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of making the switch to solar can vary depending on several factors, such as how many panels you need, your energy usage and what company you go with.Despite the significant initial cost, the average Streetsboro homeowner can save about $13,000 on their power bills over 20 years, which is one of the benefits of solar.
To receive a free quote from a pre-vetted solar installation company in Streetsboro, you can click the button below.
Solar savings over time in Streetsboro
| Year | Return on Investment |
|---|---|
| 1 years | $-17,376 |
| 3 years | $-14,935 |
| 5 years | $-12,495 |
| 7 years | $-10,054 |
| 9 years | $-7,614 |
| 11 years | $-5,173 |
| 13 years | $-2,733 |
| 15 years | $-292 |
| 17 years | $2,148 |
| 19 years | $4,588 |
| 21 years | $7,029 |
| 23 years | $9,469 |
| 25 years | $11,910 |
Top Solar Installers in Streetsboro
Many homeowners opt for a solar panel installer since trying to put up solar panels by yourself can be a labor-intensive endeavor. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you’d like to switch to solar energy but still aren’t sure which solar company to go with, here are our suggestions for providers in Streetsboro:
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 Streetsboro
Factors that Affect Solar Panel Costs in Streetsboro
While the average cost of a solar system in Streetsboro is $18,596, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,410. The model of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, 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 searching for a solar system that falls within 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 Streetsboro, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of 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 more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Streetsboro, and each can charge different amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $6,246 | 17.6 years |
| 8 kW | $3.48 | $19,478 | $8,710 | 17.3 years |
| 10 kW | $3.41 | $23,870 | $11,365 | 16.9 years |
| 12 kW | $3.34 | $28,071 | $14,211 | 16.6 years |
| 14 kW | $3.27 | $32,081 | $17,248 | 16.3 years |
| 16 kW | $3.21 | $35,900 | $20,476 | 15.9 years |
| 18 kW | $3.14 | $39,529 | $23,895 | 15.6 years |
| 20 kW | $3.07 | $42,966 | $27,504 | 15.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
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 Streetsboro, OH Solar Cost FAQs
How much does it cost to install solar panels in Streetsboro?
This is a difficult 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 cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Streetsboro?
Solar panels aren’t free in Streetsboro, 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 can further reduce the cost.
Does Streetsboro have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a 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 install between 20 and 35 panels to cover 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.