Solar Panel Cost Guide in Tallmadge, OH (2024 Update)
- Tallmadge Solar Installation Cost: $18,623
- 25-Year Savings: $14,481
- Payback Period: 16.4 Years
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Average Cost of Solar Panels in Tallmadge
We go over average solar pricing in Tallmadge.
The national average cost of solar panels is $2.66 per watt, but in Tallmadge it’s 3 per watt.To account for the typical energy usage of the average home in Tallmadge, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $18,623, or $26,631 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what installation company you go with.But, after you've paid the initial cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $14,000 over 20 years on power bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Tallmadge
| Year | Return on Investment |
|---|---|
| 1 years | $-17,403 |
| 3 years | $-14,962 |
| 5 years | $-12,522 |
| 7 years | $-10,081 |
| 9 years | $-7,641 |
| 11 years | $-5,200 |
| 13 years | $-2,760 |
| 15 years | $-319 |
| 17 years | $2,121 |
| 19 years | $4,562 |
| 21 years | $7,002 |
| 23 years | $9,442 |
| 25 years | $11,883 |
Top Solar Installers in Tallmadge
Many homeowners opt for a solar installer since trying to put up solar panels yourself can be a lot of work. Another benefit of using a solar installer is that they can help you maximize your investment by bringing down your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
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 Tallmadge:
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 Tallmadge
Factors that Affect Solar Panel Costs in Tallmadge
Although the average cost of a solar system in Tallmadge is $18,623, your final cost may differ. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require 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 brand and type 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 are often more expensive 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 more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Tallmadge have solar loans, which reduce your upfront costs of installing solar.Though solar loans make switching to solar energy more accessible for Tallmadge 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies in Tallmadge, and each can charge varying amounts for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and decide on the company that offers the products, warranties and services you’re looking for and also is 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 | $6,994 | 17.0 years |
| 8 kW | $3.48 | $19,478 | $9,707 | 16.7 years |
| 10 kW | $3.41 | $23,870 | $12,612 | 16.4 years |
| 12 kW | $3.34 | $28,071 | $15,707 | 16.0 years |
| 14 kW | $3.27 | $32,081 | $18,993 | 15.7 years |
| 16 kW | $3.21 | $35,900 | $22,470 | 15.4 years |
| 18 kW | $3.14 | $39,529 | $26,138 | 15.0 years |
| 20 kW | $3.07 | $42,966 | $29,997 | 14.7 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Tallmadge, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: When making the switch to solar, it’s crucial to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the project timeline.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
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 Tallmadge, OH Solar Cost FAQs
How much does it cost to install solar panels in Tallmadge?
The average cost of solar panels in Tallmadge 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 model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Tallmadge?
You can’t get solar panels for free in Tallmadge. 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 want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Tallmadge is currently $253,897, which means you can expect a value of about $10,410 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Tallmadge is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 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.