Solar Panel Cost Guide in Lincoln Village, OH (Oct 2022)

  • Lincoln Village Solar Installation Cost: $13,530
  • 25-Year Savings: $19,853
  • Payback Period: 10.1 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Lincoln Village

Here's how much it might cost to make the switch to solar in Lincoln Village.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Lincoln Village, the average cost of solar panels is $3 per watt. The average solar panel system size in Lincoln Village is around 7.5 kilowatts, meaning a cost of about $13,530 for a solar installation, or $10,012 after the 30% federal solar tax credit is applied.

The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of going solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy usage and what installation company you go with. But, after you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $17,000 over 20 years on energy bills.

To calculate your potential ROI and connect with a local solar installer, click the button below.

Solar savings over time in Lincoln Village

Year Return on Investment
1 years $-12,194
3 years $-9,524
5 years $-6,853
7 years $-4,182
9 years $-1,512
11 years $1,159
13 years $3,829
15 years $6,500
17 years $9,171
19 years $11,841
21 years $14,512
23 years $17,183
25 years $19,853

Top Solar Installers in Lincoln Village

Although it's possible to install solar panels yourself, it involves extra effort and handiness. Because of that, almost all homeowners choose to go with a solar panel installer. Companies can also have access to various kinds of the best solar panels and help you decide which one will be right for your home.

You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:

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

The Green Panel

★★★★★
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 Lincoln Village

Factors that Affect Solar Panel Costs in Lincoln Village

For many Lincoln Village homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Lincoln Village, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

The size of the solar system you need for your household is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,560. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Lincoln Village average.

Solar Financing Terms

Most solar companies in Lincoln Village have solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also increases your overall costs, so it's crucial to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

Finally, the company you opt for to install your solar system can influence your pricing. Lincoln Village's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Lincoln Village know more about local solar incentives and can help you take advantage of 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 $15,359 10.5 years
8 kW $2.61 $14,623 $20,765 10.3 years
10 kW $2.56 $17,920 $26,314 10.1 years
12 kW $2.51 $21,074 $32,007 9.9 years
14 kW $2.46 $24,084 $37,844 9.7 years
16 kW $2.41 $26,952 $43,823 9.5 years
18 kW $2.36 $29,676 $49,946 9.3 years
20 kW $2.30 $32,256 $56,213 9.1 years

Solar Incentives in Lincoln Village

Name Hamilton County - Home Improvement Program
Incentive Amount $50,000
Website Visit here
More Info Click here

Name Local Option - Special Energy Improvement Districts
More Info Click here

Name Energy Conservation for Ohioans (ECO-Link) Program
Website Visit here
More Info Click here

Name Solar Renewable Energy Certificates Program (SRECs)
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

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 decide on the right company for you, here are some tips to keep in mind:

  • Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
  • Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
  • Solar Panel Brands: Different companies offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
  • Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.

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

The Green Panel

★★★★★
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 Lincoln Village, OH Solar Cost FAQs

What is the average cost of installing solar panels in Lincoln Village?

This is a tough question to answer precisely, because the cost depends on many 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.

Is cost the most important consideration when buying solar panels?

The upfront cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.

Does Lincoln Village have a net metering program?

Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.

How long do solar panels last in Lincoln Village?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.

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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