Solar Panel Cost Guide in Greentown, OH (2025 Update)
- Greentown Solar Installation Cost: $18,563
- 25-Year Savings: $13,327
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Greentown
Let’s take a look at the average cost of solar panels in Greentown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Greentown, the typical cost of solar panels is 3 per watt.Since a 7.8-kW system is needed to cover the energy usage of a typical home in Greentown, the average price of going solar will be about $18,563 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of solar system you want to get, your solar contractor and more.With typical savings of about $13,000 on energy bills over 20 years, many homeowners in Greentown find installing solar panels can be quite rewarding.
To receive a free estimate from a pre-vetted solar company in Greentown, you can click the button below.
Solar savings over time in Greentown
| Year | Return on Investment |
|---|---|
| 1 years | $-17,343 |
| 3 years | $-14,903 |
| 5 years | $-12,462 |
| 7 years | $-10,022 |
| 9 years | $-7,581 |
| 11 years | $-5,141 |
| 13 years | $-2,700 |
| 15 years | $-260 |
| 17 years | $2,181 |
| 19 years | $4,621 |
| 21 years | $7,062 |
| 23 years | $9,502 |
| 25 years | $11,943 |
Top Solar Installers in Greentown
Many homeowners opt for a solar installation company since installing solar panels yourself can be hard. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be best for your home.
If you're looking for a solar company in Greentown, the EcoWatch team has organized 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
See all of the solar companies in Greentown
Factors that Affect Solar Panel Costs in Greentown
The cost of installing a solar system in Greentown can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,410. The model of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installer you choose will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The company’s size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $6,139 | 17.7 years |
| 8 kW | $3.48 | $19,478 | $8,568 | 17.4 years |
| 10 kW | $3.41 | $23,870 | $11,187 | 17.0 years |
| 12 kW | $3.34 | $28,071 | $13,998 | 16.7 years |
| 14 kW | $3.27 | $32,081 | $16,999 | 16.3 years |
| 16 kW | $3.21 | $35,900 | $20,191 | 16.0 years |
| 18 kW | $3.14 | $39,529 | $23,574 | 15.7 years |
| 20 kW | $3.07 | $42,966 | $27,148 | 15.3 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Greentown, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: When making the switch to solar power, it’s necessary to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the completion timeline.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Greentown, OH Solar Cost FAQs
What is the average cost of installing solar panels in Greentown?
The average cost of solar panels in Greentown is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the type 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.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Greentown is currently $322,837, which means you can expect a value of about $13,236 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Greentown is a rewarding investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 get between 20 and 35 panels to account for 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.