Solar Panel Cost Guide in Springboro, OH (2025 Update)
- Springboro Solar Installation Cost: $17,832
- 25-Year Savings: $11,292
- Payback Period: 19.1 Years
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Average Cost of Solar Panels in Springboro
See how much it might cost to install solar panels in Springboro.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Springboro, the typical cost of solar panels is 3 per watt.To cover the typical energy usage of the average home in Springboro, most homeowners require a 7.5-kilowatt system. Using the figure above, a solar installation costs around $17,832, or $25,500 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of solar panels you want, your solar contractor and more.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Springboro can save around $12,000 on their energy bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Springboro
| Year | Return on Investment |
|---|---|
| 1 years | $-16,667 |
| 3 years | $-14,337 |
| 5 years | $-12,007 |
| 7 years | $-9,677 |
| 9 years | $-7,347 |
| 11 years | $-5,018 |
| 13 years | $-2,688 |
| 15 years | $-358 |
| 17 years | $1,972 |
| 19 years | $4,302 |
| 21 years | $6,632 |
| 23 years | $8,962 |
| 25 years | $11,292 |
Top Solar Installers in Springboro
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar company can make converting to solar power much easier. The expertise that solar installers offer can be valuable as well, especially if you don’t quite know what type of solar equipment would be right for your home.
If you're looking for a solar installer in Springboro, we've organized 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
See all of the solar companies in Springboro
Factors that Affect Solar Panel Costs in Springboro
Even though the average cost of a solar system in Springboro is $17,832, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
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 power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Springboro.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Springboro average.
Solar Financing Terms
Most solar installers in Springboro have solar loans, which reduce your upfront costs of installing solar panels.Although solar loans make going solar more accessible for Springboro homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can impact how much it costs. Springboro’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $3,845 | 19.9 years |
| 8 kW | $3.48 | $19,478 | $5,508 | 19.5 years |
| 10 kW | $3.41 | $23,870 | $7,362 | 19.1 years |
| 12 kW | $3.34 | $28,071 | $9,408 | 18.7 years |
| 14 kW | $3.27 | $32,081 | $11,644 | 18.3 years |
| 16 kW | $3.21 | $35,900 | $14,071 | 18.0 years |
| 18 kW | $3.14 | $39,529 | $16,689 | 17.6 years |
| 20 kW | $3.07 | $42,966 | $19,499 | 17.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Springboro, OH Solar Cost FAQs
What is the average cost of installing solar panels in Springboro?
The average cost of solar panels in Springboro 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 stuff such as 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 Springboro?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $624.65 per year.
How long do solar panels last in Springboro?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.