Solar Panel Cost Guide in Hicksville, OH (2024 Update)
- Hicksville Solar Installation Cost: $18,181
- 25-Year Savings: $17,336
- Payback Period: 14.7 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Hicksville
We break down average solar pricing in Hicksville.
The average cost of solar panels in Hicksville is 3 per watt.Since a 7.6-kW system is needed to cover the energy consumption of a typical home in Hicksville, the average price of going solar will be about $18,181 after claiming the federal solar tax credit of 0.
The true price you pay can go above or below the average in Hicksville based on several factors, such as the model of solar panels you choose and the solar company you hire.With typical savings of about $15,000 on energy bills over 20 years, many homeowners in Hicksville find investing in solar can pay off big.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Hicksville
Year | Return on Investment |
---|---|
1 years | $-16,849 |
3 years | $-14,185 |
5 years | $-11,520 |
7 years | $-8,856 |
9 years | $-6,192 |
11 years | $-3,528 |
13 years | $-864 |
15 years | $1,800 |
17 years | $4,464 |
19 years | $7,128 |
21 years | $9,792 |
23 years | $12,456 |
25 years | $15,120 |
Top Solar Installers in Hicksville
Many homeowners choose to use a solar installer since installing solar panels by yourself can be hard. A solar company can also help save you money in the long run by providing warranties, repairs and system component replacements.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Hicksville
Factors that Affect Solar Panel Costs in Hicksville
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Hicksville: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you want to install 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
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Hicksville, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.While solar loans make adopting solar energy more accessible for Hicksville 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 make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Hicksville, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that provides the products, warranties and services you want and also fits within your budget.
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 | $9,514 | 15.3 years |
8 kW | $3.48 | $19,478 | $13,067 | 15.0 years |
10 kW | $3.41 | $23,870 | $16,811 | 14.7 years |
12 kW | $3.34 | $28,071 | $20,746 | 14.4 years |
14 kW | $3.27 | $32,081 | $24,872 | 14.1 years |
16 kW | $3.21 | $35,900 | $29,189 | 13.8 years |
18 kW | $3.14 | $39,529 | $33,697 | 13.5 years |
20 kW | $3.07 | $42,966 | $38,396 | 13.2 years |
How to Save on Solar Panels
The solar company you choose will influence 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:
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Hicksville, OH Solar Cost FAQs
How much does it cost to install solar panels in Hicksville?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Hicksville?
Solar panels aren’t free in Hicksville, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t go for 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."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.