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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Updated February 03, 2024
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Average Cost of Solar Panels in Nimishillen
We go over average solar pricing in Nimishillen.
In Nimishillen, solar panels cost about 3 per watt on average.The average solar panel system size in Nimishillen is around 7.8 kilowatts, meaning a cost of about $18,563 for a solar installation, or $26,545 before the 0 federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you will most likely differ based on your specific situation and what company you choose to go with.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Nimishillen can save about $14,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Nimishillen for a quote for your home.
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
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make your switch to solar power much easier. Another upside of working with a solar company is that they can help you optimize your investment by cutting back on future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Nimishillen:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in Nimishillen
Factors that Affect Solar Panel Costs in Nimishillen
There are many factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 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. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.Though solar loans make going solar more accessible for Nimishillen homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Nimishillen, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $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 company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: Before you sign a contract with a solar company, be sure to read it through 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.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of 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 satisfied reviews from past customers.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
Best National Provider
SunPower
- 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
- 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
EcoWatch's Nimishillen, OH Solar Cost FAQs
How much does it cost to install 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 things such as the type of solar panels you want, what size system you need and how much energy you use.
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 can’t take advantage of many solar incentives. Also your home 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 let you sell power back to the grid, but others just give you credit toward your future utility 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.