Solar Panel Cost Guide in Springfield, OH (2025 Update)
- Springfield Solar Installation Cost: $17,780
- 25-Year Savings: $12,429
- Payback Period: 17.2 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 Springfield
Find out what the average cost of solar panel installation is in Springfield.
Although the national average of solar panels is $2.66 per watt, solar panels in Springfield generally cost about 3.To account for the typical energy needs of the average home in Springfield, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs about $17,780, or $25,425 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Springfield depending on a few factors, such as the type of solar panels you choose and the solar company you hire.Many homeowners find going solar is a fruitful investment. The average homeowner in Springfield can save about $13,000 on their energy bills over 20 years.
To get a free estimate from a top solar company in Springfield, you can click the button below.
Solar savings over time in Springfield
| Year | Return on Investment |
|---|---|
| 1 years | $-16,594 |
| 3 years | $-14,220 |
| 5 years | $-11,847 |
| 7 years | $-9,474 |
| 9 years | $-7,101 |
| 11 years | $-4,728 |
| 13 years | $-2,355 |
| 15 years | $18 |
| 17 years | $2,392 |
| 19 years | $4,765 |
| 21 years | $7,138 |
| 23 years | $9,511 |
| 25 years | $11,884 |
Top Solar Installers in Springfield
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with a solar company can make your swap to solar power much easier. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over time.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Springfield
Factors that Affect Solar Panel Costs in Springfield
Though the average cost of a solar system in Springfield is $17,780, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of a solar panel system in Springfield, one of the most crucial 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 consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $3,410 for each additional kilowatt you need.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Springfield, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Springfield is the company you choose to install your PV system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that offer a range of services at different price points.The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $5,869 | 17.9 years |
| 8 kW | $3.48 | $19,478 | $8,207 | 17.6 years |
| 10 kW | $3.41 | $23,870 | $10,736 | 17.2 years |
| 12 kW | $3.34 | $28,071 | $13,456 | 16.9 years |
| 14 kW | $3.27 | $32,081 | $16,367 | 16.6 years |
| 16 kW | $3.21 | $35,900 | $19,469 | 16.2 years |
| 18 kW | $3.14 | $39,529 | $22,762 | 15.9 years |
| 20 kW | $3.07 | $42,966 | $26,246 | 15.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Springfield, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Springfield, OH Solar Cost FAQs
How much does it cost to install solar panels in Springfield?
The average cost of solar panels in Springfield is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is a key 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 be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact my home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 buy between 20 and 35 panels to cover 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.