Solar Panel Cost Guide in Greenfield, OH (Mar 2023)
- Greenfield Solar Installation Cost: $13,476
- 25-Year Savings: $17,412
- Payback Period: 10.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Greenfield
Let's take a look at the average cost of solar in Greenfield.
While the national average of solar panels is $2.66 per watt, solar panels in Greenfield typically cost around 2.56. The average solar panel system size in Greenfield is around 7.5 kilowatts, meaning a cost of about $13,476 for a solar installation, or $19,271 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of going solar can vary depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Greenfield see about $16,000 in savings on electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Greenfield
| Year | Return on Investment |
|---|---|
| 1 years | $-12,240 |
| 3 years | $-9,769 |
| 5 years | $-7,298 |
| 7 years | $-4,827 |
| 9 years | $-2,356 |
| 11 years | $115 |
| 13 years | $2,586 |
| 15 years | $5,057 |
| 17 years | $7,528 |
| 19 years | $9,999 |
| 21 years | $12,470 |
| 23 years | $14,941 |
| 25 years | $17,412 |
Top Solar Installers in Greenfield
Although it's possible to install solar panels yourself, it takes extra time and know-how. Because of that, the majority of homeowners choose a solar panel installer. A solar installer can also help save you money over time by providing warranties, repairs and component replacements.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Greenfield:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Greenfield
Factors that Affect Solar Panel Costs in Greenfield
There are a number of criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $2,560 per kilowatt in Greenfield. There are several different solar panel brands and the one you pick also affects the cost. Typically, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Greenfield provide solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only 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
The solar panel installation company you select will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $2.66 | $11,182 | $13,471 | 11.3 years |
| 8 kW | $2.61 | $14,623 | $18,248 | 11.1 years |
| 10 kW | $2.56 | $17,920 | $23,168 | 10.9 years |
| 12 kW | $2.51 | $21,074 | $28,232 | 10.7 years |
| 14 kW | $2.46 | $24,084 | $33,439 | 10.5 years |
| 16 kW | $2.41 | $26,952 | $38,789 | 10.2 years |
| 18 kW | $2.36 | $29,676 | $44,283 | 10.0 years |
| 20 kW | $2.30 | $32,256 | $49,920 | 9.8 years |
How to Save on Solar Panels
There are many companies to choose from in Greenfield, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: If you care about the durability of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Not all solar installers 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 hire.
- Contract: Before signing a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Greenfield, OH Solar Cost FAQs
What is the average cost of installing solar panels in Greenfield?
The average cost of solar panels in Greenfield is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on things such as 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 without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $821.76 per year.
How long do solar panels last in Greenfield?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.