Solar Panel Cost Guide in Nimishillen, OH (2024 Update)
- Nimishillen Solar Installation Cost: $18,563
- 25-Year Savings: $14,269
- Payback Period: 16.5 Years
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Average Cost of Solar Panels in Nimishillen
We go over average solar pricing in Nimishillen.
The average cost of a solar system in Nimishillen is 3 per watt.Because a 7.8-kW system is needed to cover the energy consumption of a typical home in Nimishillen, the average price of going solar will be about $18,563 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Nimishillen homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $14,000 on energy bills over 20 years, many homeowners in Nimishillen find investing in solar has a decent ROI.
To receive a free estimate from a vetted solar company in Nimishillen, you can click the button below.
Solar savings over time in Nimishillen
| Year | Return on Investment |
|---|---|
| 1 years | $-17,315 |
| 3 years | $-14,819 |
| 5 years | $-12,322 |
| 7 years | $-9,826 |
| 9 years | $-7,330 |
| 11 years | $-4,833 |
| 13 years | $-2,337 |
| 15 years | $159 |
| 17 years | $2,656 |
| 19 years | $5,152 |
| 21 years | $7,648 |
| 23 years | $10,145 |
| 25 years | $12,641 |
Top Solar Installers in Nimishillen
Although it's possible to install solar panels on your own, it involves extra energy and knowledge. For that reason, almost all homeowners choose to go with a solar panel installer. Another advantage of utilizing a solar installer is that they can help you make the most of your ROI by reducing your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
If you're looking for a solar installer in Nimishillen, the EcoWatch team has compiled 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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- 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 Nimishillen
Factors that Affect Solar Panel Costs in Nimishillen
There are a number of criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the cost of a solar system in Nimishillen, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past power bills. Your total cost can increase by about $3,410 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Nimishillen homeowners opt to finance their solar panel systems to make going solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Nimishillen, and each can charge different amounts for labor and equipment.Additionally, some companies in Nimishillen know more about local solar incentives and can help you take advantage 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 | $3.55 | $14,895 | $6,866 | 17.1 years |
| 8 kW | $3.48 | $19,478 | $9,537 | 16.8 years |
| 10 kW | $3.41 | $23,870 | $12,399 | 16.5 years |
| 12 kW | $3.34 | $28,071 | $15,451 | 16.1 years |
| 14 kW | $3.27 | $32,081 | $18,695 | 15.8 years |
| 16 kW | $3.21 | $35,900 | $22,129 | 15.5 years |
| 18 kW | $3.14 | $39,529 | $25,755 | 15.1 years |
| 20 kW | $3.07 | $42,966 | $29,571 | 14.8 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Contract: Before you sign a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: If you care about the longevity of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- 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 Nimishillen, OH Solar Cost FAQs
What is the average cost of installing solar panels in Nimishillen?
The average cost of solar panels in Nimishillen 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.
Is it better to lease or buy solar panels in Nimishillen?
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 don’t have access to 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.
Does Nimishillen have a net metering program?
Each state has some kind 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 power bills.
How long do solar panels last in Nimishillen?
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 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.