Solar Panel Cost Guide in Willowick, OH (2023 Update)
- Willowick Solar Installation Cost: $13,983
- 25-Year Savings: $13,397
- Payback Period: 12.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Willowick
See how much it might cost to install solar panels in Willowick.
In Willowick, solar panels cost about 2.56 per watt on average. Since a 7.8-kW system is needed to cover the energy consumption of a typical home in Willowick, the average price of going solar will be about $13,978 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with. For many homeowners, the upfront cost of solar is worth paying. On average Willowick homeowners see about $13,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Willowick for a personalized quote.
Solar savings over time in Willowick
| Year | Return on Investment |
|---|---|
| 1 years | $-12,729 |
| 3 years | $-10,222 |
| 5 years | $-7,714 |
| 7 years | $-5,207 |
| 9 years | $-2,699 |
| 11 years | $-191 |
| 13 years | $2,316 |
| 15 years | $4,824 |
| 17 years | $7,331 |
| 19 years | $9,839 |
| 21 years | $12,347 |
| 23 years | $14,854 |
| 25 years | $17,362 |
Top Solar Installers in Willowick
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using a solar company can make your swap to solar power much easier. The expertise that solar installers offer can be valuable as well, especially if you don't quite know what brand of solar equipment you need.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Willowick
Factors that Affect Solar Panel Costs in Willowick
For many Willowick homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Willowick, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,560. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Willowick average.
Solar Financing Terms
Most solar installers in Willowick offer solar loans, which reduce your upfront costs of installing a solar system. Although solar loans make switching to solar energy more accessible for Willowick 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 put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Willowick, and each can charge varying amounts for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, 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 | $2.66 | $11,182 | $9,871 | 13.3 years |
| 8 kW | $2.61 | $14,623 | $13,448 | 13.0 years |
| 10 kW | $2.56 | $17,920 | $17,168 | 12.8 years |
| 12 kW | $2.51 | $21,074 | $21,032 | 12.5 years |
| 14 kW | $2.46 | $24,084 | $25,039 | 12.3 years |
| 16 kW | $2.41 | $26,952 | $29,189 | 12.0 years |
| 18 kW | $2.36 | $29,676 | $33,483 | 11.7 years |
| 20 kW | $2.30 | $32,256 | $37,920 | 11.5 years |
How to Save on Solar Panels
The solar company you choose will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. 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 be sure to take a look at their list of offerings before making your decision.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Willowick, OH Solar Cost FAQs
What is the average cost of installing solar panels in Willowick?
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 additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities 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.
Is it worth going solar in Willowick?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out 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 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.