Solar Panel Cost Guide in Greenhills, OH (Dec 2022)

  • Greenhills Solar Installation Cost: $13,243
  • 25-Year Savings: $10,946
  • Payback Period: 13.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Greenhills

Here's how much it might cost to switch to solar power in Greenhills.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Greenhills, the typical cost of a solar system is $3 per watt. The average Greenhills homeowner needs a 7.4-kilowatt system, which would cost about $13,243, or $9,800 after the federal solar tax credit of 30% is applied.

Bear in mind that the figures above are only estimates based on the average Greenhills homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Greenhills see about $12,000 in savings on utility bills over 20 years.

To receive a free estimate from a top solar installer in Greenhills, you can click the button below.

Solar savings over time in Greenhills

Year Return on Investment
1 years $-12,275
3 years $-10,340
5 years $-8,405
7 years $-6,470
9 years $-4,535
11 years $-2,600
13 years $-665
15 years $1,270
17 years $3,205
19 years $5,140
21 years $7,075
23 years $9,011
25 years $10,946

Top Solar Installers in Greenhills

When going solar, many homeowners opt to hire a solar installer since installing solar panels yourself can be a challenging project. The expertise that solar companies provide can be valuable as well, particularly if you don't quite know what brand of solar equipment would be right for your home.

Working with a vetted solar company can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Greenhills

Factors that Affect Solar Panel Costs in Greenhills

There are several criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment

When it comes to estimating the price of solar panels in Greenhills, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can figure out by looking at past energy bills. Your overall cost can increase by around $2,560 for each additional kilowatt you need. The type of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment goes beyond 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 researching a solar system that's in your budget.

Solar Financing Terms

Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Greenhills 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 total 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.

Solar Panel Installation Company

Finally, the company you hire to install your solar panels can affect how much you pay. Greenhills' solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Greenhills have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 $8,461 14.2 years
8 kW $2.61 $14,623 $11,568 14.0 years
10 kW $2.56 $17,920 $14,818 13.7 years
12 kW $2.51 $21,074 $18,212 13.4 years
14 kW $2.46 $24,084 $21,749 13.1 years
16 kW $2.41 $26,952 $25,430 12.9 years
18 kW $2.36 $29,676 $29,253 12.6 years
20 kW $2.30 $32,256 $33,221 12.3 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:

  • Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
  • Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
  • Solar Panel Brands: The brand of solar panel you'd like to get plays a part in which company you should choose, since different companies have different panels.
  • Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Greenhills, OH Solar Cost FAQs

How much does it cost to install solar panels in Greenhills?

This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.

What other factors should I consider in addition to cost 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.

Can solar panels completely eradicate my power bills?

Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $654.77 per year.

How often do you have to replace solar panels?

Although 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 how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using 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.

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