Solar Panel Cost Guide in Wickliffe, OH (2023 Update)

  • Wickliffe Solar Installation Cost: $18,626
  • 25-Year Savings: $13,397
  • Payback Period: 17.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Wickliffe

Let’s have a look at the average cost of solar panels in Wickliffe.

The national average cost of solar panels is $2.66 per watt, but in Wickliffe it’s 3 per watt.The average solar panel system size in Wickliffe is around 7.8 kilowatts, meaning a cost of about $18,626 for a solar installation, or $26,635 before the 0 federal solar tax credit is applied.

The true price you pay can be above or below the average in Wickliffe depending on a few factors, such as the type of solar panels you choose and the solar installer you hire.Many homeowners find installing solar panels is a solid investment. The average homeowner in Wickliffe can save around $13,000 on their power bills over 20 years.

To get a free quote from a pre-vetted solar installer in Wickliffe, you can click the button below.

Solar savings over time in Wickliffe

Year Return on Investment
1 years $-17,372
3 years $-14,865
5 years $-12,357
7 years $-9,849
9 years $-7,342
11 years $-4,834
13 years $-2,327
15 years $181
17 years $2,689
19 years $5,196
21 years $7,704
23 years $10,211
25 years $12,719

Top Solar Installers in Wickliffe

When making the switch to solar, many homeowners decide to use a solar installation company since installing a solar system yourself can be a time-consuming project. A solar company can also help save you money over time by providing warranties, repairs and system component replacements.

Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:

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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • 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 Wickliffe

Factors that Affect Solar Panel Costs in Wickliffe

There are several factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.

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 $3,410. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 Wickliffe average.

Solar Financing Terms

Many homeowners find the average cost of solar in Wickliffe to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest.Though solar loans make going solar more accessible for Wickliffe 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 cut back on how much interest you have to pay.

Solar Panel Installation Company

The solar company you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies in Wickliffe, and each can charge varying amounts for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 $6,158 17.7 years
8 kW $3.48 $19,478 $8,593 17.3 years
10 kW $3.41 $23,870 $11,218 17.0 years
12 kW $3.34 $28,071 $14,035 16.7 years
14 kW $3.27 $32,081 $17,042 16.3 years
16 kW $3.21 $35,900 $20,240 16.0 years
18 kW $3.14 $39,529 $23,630 15.6 years
20 kW $3.07 $42,966 $27,210 15.3 years

How to Save on Solar Panels

There are a lot of companies available in Wickliffe, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:

  • Contract: Before signing a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before deciding.
  • Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
  • Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.

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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Wickliffe, OH Solar Cost FAQs

What is the average cost of installing solar panels in Wickliffe?

This is a difficult 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 other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Is it better to lease or buy solar panels in Wickliffe?

Leasing solar panels can be an appealing choice, as it commonly 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.

Is making the switch to solar worth it?

Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.

How often do you have to replace solar panels?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having 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.

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