Solar Panel Cost Guide in Hicksville, OH (2024 Update)
- Hicksville Solar Installation Cost: $18,181
- 25-Year Savings: $17,336
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Hicksville
We break down average solar pricing in Hicksville.
The average cost of a solar panel system in Hicksville is 3 per watt.The average solar panel system size in Hicksville is around 7.6 kilowatts, meaning a cost of about $18,181 for a solar installation, or $25,999 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary based on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.Despite the large upfront cost, the average Hicksville homeowner can save about $15,000 on their power bills over 20 years, which is one of the perks of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Hicksville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,849 |
| 3 years | $-14,185 |
| 5 years | $-11,520 |
| 7 years | $-8,856 |
| 9 years | $-6,192 |
| 11 years | $-3,528 |
| 13 years | $-864 |
| 15 years | $1,800 |
| 17 years | $4,464 |
| 19 years | $7,128 |
| 21 years | $9,792 |
| 23 years | $12,456 |
| 25 years | $15,120 |
Top Solar Installers in Hicksville
When switching to solar energy, many homeowners prefer to use a solar installer since DIY solar panel installation can be a time-consuming project. Plus, if you aren’t sure what type of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
If you’d like to go solar but still aren’t certain which solar panel company to go with, here are our suggestions for providers in Hicksville:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Hicksville
Factors that Affect Solar Panel Costs in Hicksville
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Hicksville: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.There are several different solar panel brands and the one you pick also changes the cost. In general, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Hicksville to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.It’s wise 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 the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies in Hicksville, and each can charge different amounts for labor and equipment.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $9,514 | 15.3 years |
| 8 kW | $3.48 | $19,478 | $13,067 | 15.0 years |
| 10 kW | $3.41 | $23,870 | $16,811 | 14.7 years |
| 12 kW | $3.34 | $28,071 | $20,746 | 14.4 years |
| 14 kW | $3.27 | $32,081 | $24,872 | 14.1 years |
| 16 kW | $3.21 | $35,900 | $29,189 | 13.8 years |
| 18 kW | $3.14 | $39,529 | $33,697 | 13.5 years |
| 20 kW | $3.07 | $42,966 | $38,396 | 13.2 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: The kind of solar panel you want plays a role in which company you should choose, since different companies have different panels.
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Hicksville, OH Solar Cost FAQs
How much does it cost to install solar panels in Hicksville?
This is a tough 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Hicksville?
Solar panels aren’t free in Hicksville, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.