Solar Panel Cost Guide in Richmond Heights, OH (Dec 2022)

  • Richmond Heights Solar Installation Cost: $14,121
  • 25-Year Savings: $13,259
  • Payback Period: 12.9 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Richmond Heights

Find out what the average cost of solar panels are in Richmond Heights.

While the national average of solar panels is $2.66 per watt, solar panels in Richmond Heights typically cost around $3. The average solar panel system size in Richmond Heights is around 7.9 kilowatts, meaning a cost of about $14,121 for a solar installation, or $10,450 after the 30% federal solar tax credit is applied.

These figures are only averages, and your own solar costs will most likely vary based on your energy needs and what company you go with. Despite the large initial cost, the average Richmond Heights homeowner can save about $13,000 on their electricity bills over 20 years, which is one of the positives of solar.

To see your potential ROI and connect with a local solar installer, click the button below.

Solar savings over time in Richmond Heights

Year Return on Investment
1 years $-13,026
3 years $-10,835
5 years $-8,645
7 years $-6,455
9 years $-4,264
11 years $-2,074
13 years $117
15 years $2,307
17 years $4,497
19 years $6,688
21 years $8,878
23 years $11,069
25 years $13,259

Top Solar Installers in Richmond Heights

Although you can install solar panels yourself, it requires extra time and handiness. That's one of the reasons most homeowners choose to hire a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be right for you.

You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Richmond Heights

Factors that Affect Solar Panel Costs in Richmond Heights

For many Richmond Heights homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Richmond Heights, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of a solar panel system in Richmond Heights, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past power bills. Your overall 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 significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Further, solar equipment is more than just the solar panels themselves. You'll also need to make decisions 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 researching a solar system that's in your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Richmond Heights to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time because of interest. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.

Solar Panel Installation Company

The remaining significant cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Richmond Heights, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Some companies 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 provides the products, warranties and services you want and also is 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 $2.66 $11,182 $9,673 13.4 years
8 kW $2.61 $14,623 $13,184 13.1 years
10 kW $2.56 $17,920 $16,839 12.9 years
12 kW $2.51 $21,074 $20,636 12.6 years
14 kW $2.46 $24,084 $24,577 12.4 years
16 kW $2.41 $26,952 $28,662 12.1 years
18 kW $2.36 $29,676 $32,890 11.9 years
20 kW $2.30 $32,256 $37,261 11.6 years

How to Save on Solar Panels

There are many companies available in Richmond Heights, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:

  • Solar Panel Brands: Not all solar companies 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 choose.
  • Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
  • Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Richmond Heights, OH Solar Cost FAQs

How much does it cost to install solar panels in Richmond Heights?

The average cost of solar panels in Richmond Heights is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important consideration when buying solar panels?

The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.

Can solar panels completely eradicate my electricity bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Richmond Heights, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.

What solar power system size is right for my home?

To figure out how many solar panels you need, you need to know how much energy your home requires 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 house 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.

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