Solar Panel Cost Guide in Germantown, OH (2024 Update)
- Germantown Solar Installation Cost: $17,915
- 25-Year Savings: $12,238
- Payback Period: 17.4 Years
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Average Cost of Solar Panels in Germantown
We go over average solar pricing in Germantown.
The average cost of a solar panel system in Germantown is 3 per watt.Because 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 $17,915 after claiming the federal solar tax credit of 0.
These figures are just averages, and your own solar costs may look different based on the amount of energy your home requires and what company you choose to go with.Even with the significant initial cost, the average Germantown homeowner can save about $13,000 on their electricity bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar company in Germantown for a quote for your home.
Solar savings over time in Germantown
| Year | Return on Investment |
|---|---|
| 1 years | $-16,750 |
| 3 years | $-14,420 |
| 5 years | $-12,090 |
| 7 years | $-9,760 |
| 9 years | $-7,430 |
| 11 years | $-5,100 |
| 13 years | $-2,770 |
| 15 years | $-440 |
| 17 years | $1,890 |
| 19 years | $4,220 |
| 21 years | $6,550 |
| 23 years | $8,880 |
| 25 years | $11,210 |
Top Solar Installers in Germantown
When switching to solar energy, many homeowners decide to go with a solar company since putting up a solar system yourself can be a time-consuming project. Also, if you’d like to maximize your investment in solar power, using a solar company 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.
If you're on the hunt for a solar installer in Germantown, we've put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Germantown
Factors that Affect Solar Panel Costs in Germantown
For many Germantown homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Germantown, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Germantown.There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Germantown to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest.Although solar loans make switching to solar energy more accessible for Germantown homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Germantown, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $5,641 | 18.1 years |
| 8 kW | $3.48 | $19,478 | $7,903 | 17.8 years |
| 10 kW | $3.41 | $23,870 | $10,356 | 17.4 years |
| 12 kW | $3.34 | $28,071 | $13,000 | 17.1 years |
| 14 kW | $3.27 | $32,081 | $15,835 | 16.7 years |
| 16 kW | $3.21 | $35,900 | $18,861 | 16.4 years |
| 18 kW | $3.14 | $39,529 | $22,078 | 16.0 years |
| 20 kW | $3.07 | $42,966 | $25,485 | 15.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Contract: Look through the contract terms closely to make sure you understand the total cost, project timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
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 $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 like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely 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 Germantown?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.