Solar Panel Cost Guide in Liverpool, OH (Mar 2023)
- Liverpool Solar Installation Cost: $13,619
- 25-Year Savings: $15,459
- Payback Period: 11.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Liverpool
We go over average solar pricing in Liverpool.
The average cost of a solar system in Liverpool is 2.56 per watt. The average solar panel system size in Liverpool is around 7.6 kilowatts, meaning a cost of about $13,619 for a solar installation, or $19,475 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Liverpool homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $15,000 on energy bills over 20 years, many homeowners in Liverpool find going solar has a decent ROI.
To receive a free estimate from a pre-vetted solar installer in Liverpool, you can click the button below.
Solar savings over time in Liverpool
| Year | Return on Investment |
|---|---|
| 1 years | $-12,456 |
| 3 years | $-10,130 |
| 5 years | $-7,804 |
| 7 years | $-5,477 |
| 9 years | $-3,151 |
| 11 years | $-825 |
| 13 years | $1,501 |
| 15 years | $3,827 |
| 17 years | $6,154 |
| 19 years | $8,480 |
| 21 years | $10,806 |
| 23 years | $13,132 |
| 25 years | $15,459 |
Top Solar Installers in Liverpool
Many homeowners opt for a solar installer since trying to install solar panels on your own can be a labor-intensive endeavor. Another perk of going with a solar installer is that they can help you maximize your ROI by cutting back on future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
If you'd like to make the switch to solar but still aren't sure which solar installer to go with, here are our suggestions for providers in Liverpool:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Liverpool
Factors that Affect Solar Panel Costs in Liverpool
There are many factors that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Liverpool, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by around $2,560 for each additional kilowatt you need. The model of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable choice because they decrease your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Liverpool, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — 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 go with the company that has the products, warranties and services you're looking for and also fit into 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 | $2.66 | $11,182 | $11,783 | 12.2 years |
| 8 kW | $2.61 | $14,623 | $15,998 | 11.9 years |
| 10 kW | $2.56 | $17,920 | $20,355 | 11.7 years |
| 12 kW | $2.51 | $21,074 | $24,857 | 11.5 years |
| 14 kW | $2.46 | $24,084 | $29,501 | 11.2 years |
| 16 kW | $2.41 | $26,952 | $34,289 | 11.0 years |
| 18 kW | $2.36 | $29,676 | $39,220 | 10.8 years |
| 20 kW | $2.30 | $32,256 | $44,295 | 10.5 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer 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 tips to keep in mind to help with your decision:
- Contract: Read the contract terms carefully to make sure you understand the overall cost, project timeline incentives and warranties.
- Solar Panel Brands: Different companies carry different brands and models of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Liverpool, OH Solar Cost FAQs
How much does it cost to install solar panels in Liverpool?
This is a tough question to answer precisely, because the cost depends on a variety of 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 higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Liverpool?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Liverpool?
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 how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.