Solar Panel Cost Guide in Middletown, OH (Sep 2022)

  • Middletown Solar Installation Cost: $13,332
  • 25-Year Savings: $12,082
  • Payback Period: 13.1 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 Middletown

Find out what the average cost of solar panels are in Middletown.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Middletown, the typical cost of a solar system is $3 per watt. Using this figure, a typical 7.4 would cost about $13,332 before the 30% federal solar tax credit is applied.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy usage and what company you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $13,000 over 20 years on utility bills.

To see your potential savings and connect with a local solar expert, click the button below.

Solar savings over time in Middletown

Year Return on Investment
1 years $-12,316
3 years $-10,283
5 years $-8,250
7 years $-6,216
9 years $-4,183
11 years $-2,150
13 years $-117
15 years $1,916
17 years $3,950
19 years $5,983
21 years $8,016
23 years $10,049
25 years $12,082

Top Solar Installers in Middletown

Many homeowners choose to hire a solar panel installer since installing solar panels yourself can be a lot of work. Plus, if you aren't sure what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.

If you'd like to make the switch to solar but still aren't sure which solar panel company to go with, here are our suggestions for providers 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 Middletown

Factors that Affect Solar Panel Costs in Middletown

Although the average cost of solar panels in Middletown is $13,332, your actual cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.

Solar Equipment Size

System size is one of the largest factors that determines the overall cost of going solar. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect 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 increase the cost.

Solar Financing Terms

Most solar companies in Middletown provide solar loans, which reduce your upfront costs of installing solar. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Middletown, you'll have many options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Middletown have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 $9,326 13.6 years
8 kW $2.61 $14,623 $12,721 13.4 years
10 kW $2.56 $17,920 $16,260 13.1 years
12 kW $2.51 $21,074 $19,942 12.8 years
14 kW $2.46 $24,084 $23,767 12.6 years
16 kW $2.41 $26,952 $27,736 12.3 years
18 kW $2.36 $29,676 $31,848 12.1 years
20 kW $2.30 $32,256 $36,103 11.8 years

Solar Incentives in Middletown

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

Name Dayton Power and Light - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Butler Rural Electric Cooperative - Energy Efficiency Improvement Loan Program
Incentive Amount $25,000
Website Visit here
More Info Click here

Name Butler Rural Electric Cooperative - Residential Rebate Program
Website Visit here
More Info Click here

Name Duke Energy (Gas & Electric) - Residential Efficiency Rebate Program
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

The solar company you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:

  • Contract: Before signing a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Solar Panel Brands: Different companies have various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
  • Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
  • Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

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 Middletown, OH Solar Cost FAQs

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

This is a tough question to answer precisely, because the cost depends on a variety of 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Is cost the most important consideration when buying solar panels?

Cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.

How much can I save on electricity bills after installing solar panels?

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 $683.59 per year.

How long do solar panels last in Middletown?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of 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 after having 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.

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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