Solar Panel Cost Guide in Upper, OH (2024 Update)
- Upper Solar Installation Cost: $17,642
- 25-Year Savings: $20,210
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in Upper
Find out what the average cost of a solar system is in Upper.
The average cost of a solar panel system in Upper is 3 per watt.Using this figure, a typical 7.4-kW system would cost about $17,642 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary depending on multiple factors, such as what size system you need, your energy usage and what company you go with.With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in Upper find going solar can pay off big.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Upper
| Year | Return on Investment |
|---|---|
| 1 years | $-16,310 |
| 3 years | $-13,646 |
| 5 years | $-10,982 |
| 7 years | $-8,318 |
| 9 years | $-5,654 |
| 11 years | $-2,990 |
| 13 years | $-326 |
| 15 years | $2,338 |
| 17 years | $5,002 |
| 19 years | $7,666 |
| 21 years | $10,330 |
| 23 years | $12,994 |
| 25 years | $15,658 |
Top Solar Installers in Upper
Many homeowners opt for a solar panel company since trying to put up solar panels yourself can be a labor-intensive endeavor. Another good thing about going with a reliable solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
If you're searching for a solar installer in Upper, we've put together a list of our top suggestions here:
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 Upper
Factors that Affect Solar Panel Costs in Upper
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Upper: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,410. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Upper average.
Solar Financing Terms
Most solar companies in Upper have solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Upper is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that provide a range of services at different costs.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, 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 | $12,263 | 13.7 years |
| 8 kW | $3.48 | $19,478 | $16,733 | 13.4 years |
| 10 kW | $3.41 | $23,870 | $21,393 | 13.2 years |
| 12 kW | $3.34 | $28,071 | $26,245 | 12.9 years |
| 14 kW | $3.27 | $32,081 | $31,287 | 12.7 years |
| 16 kW | $3.21 | $35,900 | $36,521 | 12.4 years |
| 18 kW | $3.14 | $39,529 | $41,945 | 12.1 years |
| 20 kW | $3.07 | $42,966 | $47,561 | 11.9 years |
How to Save on Solar Panels
There are a large number of companies available in Upper, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
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 Upper, OH Solar Cost FAQs
How much does it cost to install solar panels in Upper?
This is a hard question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Upper?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.