Solar Panel Cost Guide in Springfield, OH (2024 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:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Springfield

Find out what the average cost of solar panel installation is in Springfield.

In Springfield, solar panels cost about 3 per watt on average.To account for the typical energy needs of the average home in Springfield, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,780, or $25,425 before the federal solar tax credit of 0 is applied.

Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of equipment you choose, your solar contractor and more.For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $13,000 in savings on energy bills over 20 years.

You can click the button below to get connected with a pre-vetted solar installer in Springfield for a quote for your home.

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 take a lot of hard work. Taking advantage of an installer can make converting to solar power much easier. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.

You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:

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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Springfield

Factors that Affect Solar Panel Costs in Springfield

Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Springfield: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Springfield.There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar installers in Springfield have solar loans, which reduce your upfront costs of installing solar.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’re only able to 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 finding a solar loan with a low APR could reduce your costs remarkably.

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 get to install your solar panel system. As with choosing a company to install new cabinets, for example, you’ll have no shortage of solar installers that offer a range of services for different budgets.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.

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

The solar company you go with will influence not only your overall 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 consider, including:

  • Solar Panel Brands: Different companies offer various brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
  • Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
  • Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.

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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

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 actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider in addition to cost when buying solar panels?

The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.

Do solar panels increase how much your home is worth?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Springfield is currently $162,695, so you can look forward to a value of about $6,670 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Springfield is a fruitful investment.

What solar power system size is right for my home?

To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.

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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