Solar Panel Cost Guide in Hicksville, OH (2023 Update)
- Hicksville Solar Installation Cost: $13,655
- 25-Year Savings: $17,330
- Payback Period: 11.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hicksville
We break down average solar pricing in Hicksville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hicksville, the typical cost of a solar system is 2.56 per watt. Using this figure, a typical 7.6-kW system would cost about $13,655 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Hicksville homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront investment in solar panels is worth paying. On average Hicksville homeowners see about $15,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a vetted solar company in Hicksville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Hicksville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,416 |
| 3 years | $-9,937 |
| 5 years | $-7,458 |
| 7 years | $-4,979 |
| 9 years | $-2,501 |
| 11 years | $-22 |
| 13 years | $2,457 |
| 15 years | $4,936 |
| 17 years | $7,415 |
| 19 years | $9,893 |
| 21 years | $12,372 |
| 23 years | $14,851 |
| 25 years | $17,330 |
Top Solar Installers in Hicksville
Although it's possible to install solar panels by yourself, it requires extra labor and knowledge. Because of that, most homeowners choose a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be best for your home.
There are a number of 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Hicksville
Factors that Affect Solar Panel Costs in Hicksville
For many Hicksville homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Hicksville, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,560. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Hicksville, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. When figuring out 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
The solar panel installation company you choose will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Hicksville have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.66 | $11,182 | $13,226 | 11.5 years |
| 8 kW | $2.61 | $14,623 | $17,922 | 11.2 years |
| 10 kW | $2.56 | $17,920 | $22,761 | 11.0 years |
| 12 kW | $2.51 | $21,074 | $27,743 | 10.8 years |
| 14 kW | $2.46 | $24,084 | $32,869 | 10.6 years |
| 16 kW | $2.41 | $26,952 | $38,138 | 10.4 years |
| 18 kW | $2.36 | $29,676 | $43,550 | 10.1 years |
| 20 kW | $2.30 | $32,256 | $49,106 | 9.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose greatly impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The brand of solar panel you want plays a role in which company you should go with, since different companies have access to different panels.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar installer. See to it that you understand how the installation process will go and the completion timeline.
- 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're unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Hicksville, OH Solar Cost FAQs
How much does it cost to install solar panels in Hicksville?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Hicksville?
Leasing solar panels can be an attractive choice, as it usually 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 option if you want to maximize your savings.
Does Hicksville have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs 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.