Solar Panel Cost Guide in Greentown, OH (2023 Update)
- Greentown Solar Installation Cost: $13,942
- 25-Year Savings: $13,322
- Payback Period: 12.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Greentown
Find out what the average cost of a solar system is in Greentown.
The national average cost of solar panels is $2.66 per watt, but in Greentown it's 2.56 per watt. Using this figure, a typical 7.8-kW system would cost about $13,942 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you may vary based on your energy needs and what company you go with. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $13,000 over 20 years on energy bills.
To get a free quote from a top solar company in Greentown, you can click the button below.
Solar savings over time in Greentown
| Year | Return on Investment |
|---|---|
| 1 years | $-12,851 |
| 3 years | $-10,670 |
| 5 years | $-8,489 |
| 7 years | $-6,308 |
| 9 years | $-4,127 |
| 11 years | $-1,946 |
| 13 years | $235 |
| 15 years | $2,416 |
| 17 years | $4,597 |
| 19 years | $6,778 |
| 21 years | $8,960 |
| 23 years | $11,141 |
| 25 years | $13,322 |
Top Solar Installers in Greentown
Trying to put up solar panels on your own can be a time-consuming undertaking, which is why using a solar installer is a good option for many homeowners. Plus, if you're unsure what kind of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Greentown
Factors that Affect Solar Panel Costs in Greentown
For many Greentown homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Greentown, with typical prices between $20,000 to $40,000. There are a number of factors that considerably 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 installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Greentown. 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 choose 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, such as solar batteries, can bring your total well above the Greentown average.
Solar Financing Terms
Many homeowners find the average cost of solar in Greentown to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. While solar loans make adopting solar energy more accessible for Greentown homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose will play a role in your total cost to make the switch to solar . 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 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 | $2.66 | $11,182 | $9,852 | 13.3 years |
| 8 kW | $2.61 | $14,623 | $13,423 | 13.0 years |
| 10 kW | $2.56 | $17,920 | $17,137 | 12.8 years |
| 12 kW | $2.51 | $21,074 | $20,995 | 12.5 years |
| 14 kW | $2.46 | $24,084 | $24,996 | 12.3 years |
| 16 kW | $2.41 | $26,952 | $29,140 | 12.0 years |
| 18 kW | $2.36 | $29,676 | $33,428 | 11.8 years |
| 20 kW | $2.30 | $32,256 | $37,858 | 11.5 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: The kind of solar panel you need to install plays a role in which installer you should choose, since different companies have access to different panels.
- Contract: Before signing a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Installation Process: When going solar, it's essential to keep an open line of communication with your solar company. Make sure you understand how the installation process will go and the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Greentown, OH Solar Cost FAQs
What is the average cost of installing solar panels in Greentown?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Greentown?
You can't get solar panels for free in Greentown. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Greentown?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power 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 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 install 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.