Solar Panel Cost Guide in Miamisburg, OH (2025 Update)
- Miamisburg Solar Installation Cost: $17,915
- 25-Year Savings: $8,765
- Payback Period: 19.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Miamisburg
Find out what the average cost of solar panel installation is in Miamisburg.
The average cost of solar panels in Miamisburg is 3 per watt.Using this figure, a typical 7.5-kW system would cost about $17,915 before the 0 federal solar tax credit is applied.
The actual price you pay can go higher or lower than the average in Miamisburg based on a few factors, such as the type of solar panels you choose and the solar installer you hire.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $12,000 over 20 years on power bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Miamisburg
| Year | Return on Investment |
|---|---|
| 1 years | $-16,848 |
| 3 years | $-14,713 |
| 5 years | $-12,579 |
| 7 years | $-10,445 |
| 9 years | $-8,310 |
| 11 years | $-6,176 |
| 13 years | $-4,041 |
| 15 years | $-1,907 |
| 17 years | $227 |
| 19 years | $2,362 |
| 21 years | $4,496 |
| 23 years | $6,631 |
| 25 years | $8,765 |
Top Solar Installers in Miamisburg
Trying to install solar panels by yourself can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Another good thing about choosing a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
See all of the solar companies in Miamisburg
Factors that Affect Solar Panel Costs in Miamisburg
Although the average cost of a solar system in Miamisburg is $17,915, your final cost may differ. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Miamisburg, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $3,410 for each additional kilowatt you need.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Miamisburg offer solar loans, which reduce the initial cost of installing solar panels.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 getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies operating in Miamisburg, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have 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 | $3.55 | $14,895 | $3,530 | 20.2 years |
| 8 kW | $3.48 | $19,478 | $5,089 | 19.8 years |
| 10 kW | $3.41 | $23,870 | $6,838 | 19.4 years |
| 12 kW | $3.34 | $28,071 | $8,779 | 19.0 years |
| 14 kW | $3.27 | $32,081 | $10,910 | 18.7 years |
| 16 kW | $3.21 | $35,900 | $13,233 | 18.3 years |
| 18 kW | $3.14 | $39,529 | $15,746 | 17.9 years |
| 20 kW | $3.07 | $42,966 | $18,450 | 17.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: If you care about the endurance of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The kind of solar panel you need to install plays a role in which installer you should go with, since different companies offer different panels.
EcoWatch's Miamisburg, OH Solar Cost FAQs
What is the average cost of installing solar panels in Miamisburg?
The average cost of solar panels in Miamisburg 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 stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Miamisburg?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $614.16 per year.
How often do you have to replace solar panels?
Even 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 choose to 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.