Solar Panels Cost 6.7k-15k in Austintown CDP, OH | October, 2024

Solar Panels Cost $6.7k-$15k in Austintown CDP, OH | October, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

How much do solar panels cost in Austintown CDP, OH in 2024?

You'll spend $3.21/W to get solar panels in the month of October, 2024 in Austintown CDP, OH.

Applying this price per watt, we are able to conclude that for every 1 kW (1000 watts) of solar power capacity will require an investment of $3,210 for installation. After receiving the 30% federal tax credit, you can expect to pay about $11,235, in Austintown CDP, for a 5 kW solar panel system. It's important to consider that a bigger system might be essential to satisfy your energy requirements.

Use the left-hand menu to select your area and view the average roof size and the maximum production capacity for residential solar on homes in your county. The following breakdown, below, highlights the price, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Austintown CDP: $11,235US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Austintown CDP: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Austintown CDP: $21,337US Average: $15,784

Solar Potential in Austintown CDP

Estimated system size and solar electricity production per median viable roof in
Austintown CDP.

Roof size 572sq. ft.
Capacity 8kW DC
Electricity 8.5kkWh AC per yr.

Electricity Costs in Austintown CDP, OH & What that Means for Your Solar Panel Pricing

The average electric bill for a Austintown CDP energy consumer is $155.78, with monthly usage averaging 750 kWh. Be aware that this number covers apartments and other smaller homes, which generally use less energy.

In October 2024, the electricity rate in Austintown CDP, OH is 20.76¢ per kWh.

In Austintown CDP, a typical electricity consumer's electricity requirements can be completely accounted for by a solar panel system with a production capacity of 7 kW or more. At this time, a 7 kW solar installation will be priced at around $22,470initially, but thanks to the 30% federal tax credit, you receive 30% back, lowering the price to $15,729.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Austintown CDP

On your left, you will see a detailed cost analysis for various solar panel system sizes installed in Austintown CDP. When you choose a larger solar system, the cost is greater, but it also leads to more significant electricity savings and a more substantial income tax credit.

The solar panel cost calculator below and to the right details costs and benefits, considering an average $155.78 electric bill in Austintown CDP To get results more customized, modify the $155.78 to align with your regular electricity bill.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $859 a year
Est. Price
$6,741
Savings from a 3kWthis system
  • Est. yearly production 4,090 kWh
  • Est. monthly savings $72
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 2.66 tons a year
  • Equivalent to planting 122 trees a year
  • Equivalent to driving 6,580 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,145 a year
Est. Price
$8,988
Savings from a 4kWthis system
  • Est. yearly production 5,454 kWh
  • Est. monthly savings $95
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 3.54 tons a year
  • Equivalent to planting 163 trees a year
  • Equivalent to driving 8,774 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,432 a year
Est. Price
$11,235
Savings from a 5kWthis system
  • Est. yearly production 6,817 kWh
  • Est. monthly savings $119
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 4.43 tons a year
  • Equivalent to planting 204 trees a year
  • Equivalent to driving 10,967 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,718 a year
Est. Price
$13,482
Savings from a 6kWthis system
  • Est. yearly production 8,181 kWh
  • Est. monthly savings $143
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 5.32 tons a year
  • Equivalent to planting 244 trees a year
  • Equivalent to driving 13,161 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $2,004 a year
Est. Price
$15,729
Savings from a 7kWthis system
  • Est. yearly production 9,544 kWh
  • Est. monthly savings $156
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 5.79 tons a year
  • Equivalent to planting 266 trees a year
  • Equivalent to driving 14,341 mi less a year

Austintown CDP Solar Panel Installation Incentives & Rebates | 2024

If you currently own a agricultural property or small business in a rural area, the REAP Grant could cover between 80% and 100% of your solar energy or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.

A 30% federal tax credit is accessible to most homeowners for residential solar installations, which renders solar energy a practical choice in numerous regions throughout the United States. Furthermore, many regional and state programs are designed to encourage more people to switch to solar power.

Multiple utilities and governmental organizations in Ohio offer 15 solar rebate and incentive programs.

Solar incentives in OH

Advanced Energy Fund

Value:Varies

The Ohio Advanced Energy Fund is the backbone of Ohio's statewide energy efficiency incentive and financing system, though it does not directly service or disburse loans itself. Funding is acquired through utility compliance fees or customer surcharges. From time to time, AEF administrators will announce a request for proposals on new energy projects within different sectors of the Ohioan economy. Grants from the fund may be awarded to winning proposals. Fund-supported programs do not apply to customers of local public utilities or cooperatives.

Qualified Energy Property Tax Exemption for Projects 250 kW or Less

Value:Varies

Ohio offers state real and personal property tax exemptions on renewable energy devices. Any system built in/after 2010, rated for under 250 kW, and using solar, wind, biomass, or another renewable technology is considered fully exempt for its entire useful life. System parts, structural components, and equipment used to interconnect the system to a utility grid also qualify. Additional information and application forms are available from the Ohio Development Services Agency.

Energy Loan Fund (ELF)

Value:Varies

The Ohio Energy Loan Fund is administered by the Department of Development's Office of Energy Efficiency. The ELF is supported by the state Advanced Energy Fund and payments from the state's four private utilities. ELF funds support energy efficiency loans for small commercial, industrial, nonprofit, and public-sector property. Funding is allocated proportionally across each of these economic sectors. The nature of the fund means that customers of local public utilities or cooperatives may not be eligible for financing. Additional information is available through the OEE website.

Energy Loan Fund

Value:Varies

The Ohio Energy Loan Fund is managed by the Department of Development and is supported by the state's Advanced Energy Fund. Loans from the ELF support small businesses (under 500 employees), businesses producing manufactured goods, and public-sector agencies/nonprofits. The available principal for an ELF loan ranges from $250 thousand to $2 million. Qualifying projects should be approved by an energy auditor and cut energy consumption by at least 15%. Additional information, including a directory of loan servicers, is available from the Ohio Development Services Agency website.

Qualified Energy Property Tax Exemption for Projects over 250 kW (Payment in Lieu)

Value:Varies

Ohio offers state real and personal property tax exemptions on large renewable energy devices. Any system built in/after 2010, rated for over 250 kW, and using solar, wind, biomass, or another renewable technology is considered fully exempt for its entire useful life. System parts, structural components, and equipment used to interconnect the system to a utility grid also qualify. As conditions for the exemption, the system owner is required to create a minimum amount of jobs and enter REC purchase agreements with utilities. Systems over 2 MW may be subject to additional requirements.

Advanced Energy Job Stimulus Program

Value:Varies

The Advanced Energy Job Stimulus Fund supports job creation, manufacturing, and renewable energy research and development in the state. Initial funding for the first three years totaled $150 million from the state's general reserves. Funding is awarded to businesses through special bonds completely exempt from state taxes. A bond's amount is based on the applicant's credit history and the projects which will be funded. Small grants may be awarded to startups investing or researching potential disruptive technologies in the energy sector. Additional information is available from the Department of Development website.

Energy Conversion and Thermal Efficiency Sales Tax Exemption

Value:Varies

In Ohio, sales/use tax exemptions are available for equipment that improves thermal efficiency or converts oil/gas to an alternate sustainable fuel. Equipment used to convert solid waste into fuel may also qualify. To claim the exemption, the facility owner should obtain a certification number through the Ohio Department of Taxation. Additional information is available from the departmental website.

Solar Renewable Energy Certificates Program (SRECs)

Value:Varies

Compliance with solar carve-out provisions of the Ohio Alternative Energy Resource Standard is tracked using a solar renewable energy certificate (SREC) system. An SREC is equivalent to one megawatt hour of electrical capacity. The monetary value of an SREC fluctuates with market forces. Any solar PV, thermal, or HVAC system in Ohio is capable of generating SRECs upon registration with the state Public Utilities Commission. Once registered, utilities may purchase certificates from customers at fair market value to meet their AERS quota. Should a utility fail to meet its SREC quota in a given year, it will pay a "penalty" compliance fee per megawatt hour/certificate it is deficient. Fine revenue supports the Advanced Energy Fund, and it may not be projected onto customers.

Energy Conservation for Ohioans (ECO-Link) Program

Value:Varies

Through the Ohio state treasury's ECO-Link initiative, homeowners in Ohio may be eligible for special energy improvement loans through a variety of banking partners. Qualifying projects include the full breadth of energy efficiency solutions, including windows, insulation/weatherization, central and room HVAC, water heating, large appliances, solar PV arrays, and wind turbines under 100 kW. Only projects approved by a program auditing representative will be approved for funding. Standard credit checks and prior approval from the customer's bank apply. Additional information is available from the Ohio Treasurer's website.

Energy Efficiency and Sustainable Design in New School Construction

Value:Varies

New public and private school buildings in Ohio are required to meet certain green building standards. Should a school meet these standards, it will receive financial assistance from the Ohio School Facilities Commission. At a minimum, buildings should seek to meet the specialty LEED Gold certification for schools, though existing projects may strive for Silver certification. Later amendments to the standards required schools to be "solar-ready." If a new school does not already have rooftop solar PV panels installed, it should be equipped to accommodate a future PV system. Additional information is available from the Ohio Facilities Construction Commission website.

First Energy Ohio - Renewable Energy Credit Procurements

Value:Varies

On occasion, FirstEnergy will seek renewable energy project proposals to fortify its renewable energy credit (REC) purchasing portfolio. The utility is interested in both long and short-term purchase agreements to acquire between 5,000 and 20,000 RECs per year. Facilities should seek certification from the Ohio Public Utilities Commission. Additional details on the application process are available from the website.

Green Energy Ohio - GEO Solar Thermal Rebate Program

Value:Varies

Ohio homeowners may be eligible for rebates on new solar water heaters from a Green Energy Ohio/Sierra Club initiative. A customer's expected rebate will be based on their system's expected performance. Current base rates are $30/daily kBtu, with a maximum allowable rebate equal to 20% of project costs. To qualify for the rebate, a customer must seek project preapproval from Green Energy Ohio, obtain engineering surveys, and use a participating contractor. Installation can begin six months from preapproval at the latest. The rebate will be awarded after a successful final inspection from both GEO and the customer's local building department. Additional information is available from the GEO website.

Net Metering

Value:Varies

All private/municipal utilities and electrical cooperatives in Ohio are required to offer net metering to their renewable energy customers. Any solar, wind, biomass, fuel cell, or landfill gas system qualifies so long as it meets state interconnection standards and its capacity does not exceed customer demands. Net metering participants will have a bidirectional meter installed to measure net excess generation (NEG) sent back to the grid. The utility will issue monthly bill credits for NEG at a fixed avoided-cost rate. Special net metering programs are available for hospitals, who may use conventional or renewable energy technologies.

Interconnection Standards

Value:Varies

In 2014, Ohio's utility regulator made amendments to distributed generation and grid interconnection standards. All new renewable energy devices being connected to the power grid will be sorted into one of three capacity levels governing permit processes, fees, review turnaround time, and required IEEE/UL performance and safety specifications. Utilities may require system owners to install external disconnect switches or carry liability insurance, but they are limited to asking for proof of insurance rather than setting a minimum policy amount. Additional information is available from the Ohio Public Utilities Commission website.

Alternative Energy Portfolio Standard

Value:Varies

Ohio first adopted its mandatory Alternative Energy Portfolio Standard in 2008. All private utilities are required to participate; local public utilities and cooperatives may contribute voluntarily to the standard. Current AEPS goals require at least 25% of the state's retail electricity to be generated using renewable technology by 2025. Carve-out policies require a portion of annual RPS quotas to be met using solar energy. Compliance is measured using a renewable energy credit (REC) system pegging one megawatt hour to a fluctuating dollar amount. All operational renewable energy systems generate RECs, but utilities may purchase credits from customers using net metering or other power purchase agreements. Credits will expire after five years. Should a utility fail to meet its REC quota, it will be assessed a penalty fine for each megawatt hour it is deficient. Fine revenue goes to the Ohio Advanced Energy Fund.

Are solar panels worth it in Ohio?

If you plan to own your residence longer than the solar system's payback period, solar panels are a good investment in Austintown CDP. Installing a 5 kW solar system in Austintown CDP, OH will, on average, save you $26,152.2 over 20 years, and you can expect to break even in about 6 years.

The cost of not having solar panels in Austintown CDP, OH

Besides forgoing the aforementioned savings, not having solar panels or any backup energy system makes you totally reliant on your electric utility for power. Several recent examples in the news have revealed that full reliance on your utility company isn't always ideal.

Generally, customers in Austintown CDP encounter around 1.06 outages. On average, the length of an outage is 120.99 minutes. Major events like lightning strikes, overloaded power grids, or vandalism can cause these durations to rise considerably.

Whether a backup battery is present or not, a solar panel system could ease the burden of potential future outages.

Power Outages

Currently, 0 customers are being tracked in Mahoning County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

What impacts the cost of solar panels in Austintown CDP, OH?

Your Energy Needs - The upfront cost for larger solar panel systems is greater, but the cost per watt diminishes as the system size increases. Homeowners often discover that installing a solar system that can offset their entire electric bill is beneficial, resulting in maximum savings.

Make & Model - Similar to other items, solar panels and mounting equipment are available in a wide variety of makes and models. The preferences for brand that your installer has may make it essential to select a reputable installer. The selection of superior makes and models can substantially improve the long-term experience for buyers.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. Even though they are costlier, they provide additional energy. Most installers use panels constructed from this material.

Your Property - Each property and residence is unique. Issues like irregular terrain, trees, or additional obstacles may add to the complexity of the installation. Nowadays, satellite images allow many solar installers to evaluate your home and factor in these elements into the first cost estimate.

Labor Rates - Employees get varied wages from different companies, and these costs are borne by the consumers. Higher reviews for work and customer service are frequently associated with businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will be impacted by different local permitting and utility interconnection fees. Reliable local installers will integrate these figures into your preliminary estimates to prevent any surprises.

See what solar panels cost in other OH cities

Go Solar for less than your cell phone bill.

Who are the best solar installers in Austintown CDP?

YellowLite

Cleveland, OH(877) 743-8757

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Reparation of solar arrays.

Paradise Energy Solutions

Paradise CDP, PA(877) 851-9269

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Auditing of energy requirements for independent energy generation.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Solgen Power

Pasco, WA(855) 220-0778

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Appalachian Renewable Power Systems

Stewart CDP, OH(740) 277-8498

Services

  • Reparation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Entero Energy

Austin, TX(512) 551-0742

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Consulting on all things solar related.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Generac

Waukesha, WI(888) 436-3722

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

EIS Solar

Pittsburgh, PA(888) 633-6451

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Fluent Solar

Lindon, UT(866) 736-1253

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Icon Solar

Milford, OH(513) 396-7777

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Austintown CDP, OH Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Austintown CDP, OH is $3.21/W. With the federal tax credit, the cost of a 5 kW solar panel system in Austintown CDP, OH drops to roughly $11,235.
  • Utilities and government agencies in Ohio are currently offering 15 different rebates and incentives. On top of that, nearly everyone can qualify for the 30% federal tax credit.
  • While cash payments offer the most savings, there are now various financing options for solar panels that are also financially beneficial. Information about financing options will often be provided in your preliminary quotes by many installers.
  • Yes, the payback period for 5 kW solar energy systems in Austintown CDP, OH averages 6 years, with electricity savings of about $26,152.2 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01