Solar Panel Cost Guide in Georgetown, OH (2025 Update)
- Georgetown Solar Installation Cost: $17,620
- 25-Year Savings: $10,960
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Georgetown
Find out what the average cost of installing solar panels is in Georgetown.
The average cost of solar panels in Georgetown is 3 per watt.The average Georgetown homeowner needs a 7.4-kilowatt system, which would cost about $17,620 with the federal tax credit, or $25,197 before the 0 tax credit is applied.
These figures are just averages, and how much solar costs for you will vary based on the amount of energy your home requires and what company you want to go with.For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Georgetown see about $12,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar installer in Georgetown for a custom estimate.
Solar savings over time in Georgetown
| Year | Return on Investment |
|---|---|
| 1 years | $-16,455 |
| 3 years | $-14,125 |
| 5 years | $-11,795 |
| 7 years | $-9,466 |
| 9 years | $-7,136 |
| 11 years | $-4,806 |
| 13 years | $-2,476 |
| 15 years | $-146 |
| 17 years | $2,184 |
| 19 years | $4,514 |
| 21 years | $6,844 |
| 23 years | $9,174 |
| 25 years | $11,504 |
Top Solar Installers in Georgetown
Many homeowners decide to use a solar panel installer since trying to install solar panels yourself can be a lot of work. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance in the long run.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers nearby:
See all of the solar companies in Georgetown
Factors that Affect Solar Panel Costs in Georgetown
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Georgetown: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Georgetown, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by about $3,410 for each additional kilowatt you need.The brand of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than 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 looking for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Georgetown homeowners opt to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Georgetown is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that has 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 | $4,766 | 18.9 years |
| 8 kW | $3.48 | $19,478 | $6,736 | 18.6 years |
| 10 kW | $3.41 | $23,870 | $8,898 | 18.2 years |
| 12 kW | $3.34 | $28,071 | $11,250 | 17.8 years |
| 14 kW | $3.27 | $32,081 | $13,793 | 17.5 years |
| 16 kW | $3.21 | $35,900 | $16,528 | 17.1 years |
| 18 kW | $3.14 | $39,529 | $19,453 | 16.8 years |
| 20 kW | $3.07 | $42,966 | $22,569 | 16.4 years |
How to Save on Solar Panels
Since the model 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 tips to keep in mind to help with your decision:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
EcoWatch's Georgetown, OH Solar Cost FAQs
What is the average cost of installing solar panels in Georgetown?
The average cost of solar panels in Georgetown is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Georgetown?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of 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 financial benefits from going solar.
Can you sell solar power back to the grid in Georgetown?
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 long do solar panels last in Georgetown?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.