Solar Panel Cost Guide in Swan Creek, OH (2024 Update)
- Swan Creek Solar Installation Cost: $18,243
- 25-Year Savings: $15,827
- Payback Period: 15.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Swan Creek
We go over average solar pricing in Swan Creek.
While the national average of solar panels is $2.66 per watt, solar panels in Swan Creek generally cost around 3.Using this figure, a typical 7.6-kW system would cost about $18,243 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Swan Creek homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $15,000 over 20 years on energy bills.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Swan Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-16,945 |
| 3 years | $-14,351 |
| 5 years | $-11,756 |
| 7 years | $-9,162 |
| 9 years | $-6,567 |
| 11 years | $-3,973 |
| 13 years | $-1,378 |
| 15 years | $1,217 |
| 17 years | $3,811 |
| 19 years | $6,406 |
| 21 years | $9,000 |
| 23 years | $11,595 |
| 25 years | $14,189 |
Top Solar Installers in Swan Creek
Many homeowners opt for a solar panel installer since trying to install solar panels by yourself can be a lot of work. Plus, if you aren’t sure what brand of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
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 Swan Creek
Factors that Affect Solar Panel Costs in Swan Creek
For many Swan Creek homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Swan Creek, 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
When it comes to estimating the price of a solar energy system in Swan Creek, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $3,410 for each additional kilowatt you need.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average.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’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $8,282 | 16.1 years |
| 8 kW | $3.48 | $19,478 | $11,425 | 15.8 years |
| 10 kW | $3.41 | $23,870 | $14,759 | 15.4 years |
| 12 kW | $3.34 | $28,071 | $18,283 | 15.1 years |
| 14 kW | $3.27 | $32,081 | $21,999 | 14.8 years |
| 16 kW | $3.21 | $35,900 | $25,906 | 14.5 years |
| 18 kW | $3.14 | $39,529 | $30,003 | 14.2 years |
| 20 kW | $3.07 | $42,966 | $34,292 | 13.9 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: If you care about the longevity of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
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 Swan Creek, OH Solar Cost FAQs
What is the average cost of installing solar panels in Swan Creek?
This is a tough question to answer precisely, because the cost depends on many 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. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Swan Creek?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Does Swan Creek 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 utility bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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.