Solar Panel Cost Guide in Germantown, OH (2023 Update)
- Germantown Solar Installation Cost: $13,449
- 25-Year Savings: $12,238
- Payback Period: 13.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Germantown
Let's take a look at the average cost of solar panels in Germantown.
Although the national average of solar panels is $2.66 per watt, solar panels in Germantown generally cost about 2.56. Since a 7.5-kW system is needed to cover the energy needs of a typical home in Germantown, the average price of going solar will be about $13,458 after claiming the federal solar tax credit of 30%.
The true price you pay can be higher or lower than the average in Germantown depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire. With typical savings of about $13,000 on electricity bills over 20 years, many homeowners in Germantown find installing solar panels can pay off big.
Click the button below to get connected to a highly rated solar panel company in Germantown for a personalized quote.
Solar savings over time in Germantown
| Year | Return on Investment |
|---|---|
| 1 years | $-13,364 |
| 3 years | $-13,192 |
| 5 years | $-13,021 |
| 7 years | $-12,850 |
| 9 years | $-12,679 |
| 11 years | $-12,507 |
| 13 years | $-12,336 |
| 15 years | $-12,165 |
| 17 years | $-11,994 |
| 19 years | $-11,822 |
| 21 years | $-11,651 |
| 23 years | $-11,480 |
| 25 years | $-11,309 |
Top Solar Installers in Germantown
When making the switch to solar, many homeowners decide to use a solar company since DIY solar panel installation can be a challenging project. In addition, if you'd like to maximize your investment in solar power, using a solar installer can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Germantown
Factors that Affect Solar Panel Costs in Germantown
Even though the average cost of a solar system in Germantown is $13,458, your final cost may differ. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,560. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Germantown average.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a popular choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Germantown is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets. Additionally, some companies in Germantown have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.66 | $11,182 | $9,353 | 13.6 years |
| 8 kW | $2.61 | $14,623 | $12,758 | 13.4 years |
| 10 kW | $2.56 | $17,920 | $16,306 | 13.1 years |
| 12 kW | $2.51 | $21,074 | $19,997 | 12.8 years |
| 14 kW | $2.46 | $24,084 | $23,832 | 12.6 years |
| 16 kW | $2.41 | $26,952 | $27,809 | 12.3 years |
| 18 kW | $2.36 | $29,676 | $31,931 | 12.0 years |
| 20 kW | $2.30 | $32,256 | $36,195 | 11.8 years |
How to Save on Solar Panels
There are many companies to choose from in Germantown, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: If you care about the endurance of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before you sign a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: The type of solar panel you want plays a part in which installer you should opt for, since different companies have access to different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Germantown, OH Solar Cost FAQs
What is the average cost of installing solar panels in Germantown?
The average cost of solar panels in Germantown is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Germantown have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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.