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Best 3 Solar Companies in Lakewood, OH

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Written By Max Peterson | Last Updated: February 05, 2024

Lakewood homeowners benefit from 5,100,000 sunny days annually, making the city a perfect environment for solar energy. With all the options to choose from in this vibrant community, you might feel overwhelmed searching for a top-notch contractor. Discover Lakewood's top-rated solar companies and learn vital decision-making strategies on this page.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
Most Reputable
4.4
  • Offers high-efficiency panels and storage options
  • Provides unique in-house financing options
  • Recognized as one of the most reputable solar companies

Top Lakewood Solar Companies

Pink Energy Cleveland Logo

Pink Energy Cleveland

4.0/5
Based on 138 customer reviews.

Services Offered

Battery Storage Permit Assistance Financing Assistance Solar Panel Upgrades Residential Panels

Highlights

  • Reliable customer support
  • Informative resources
  • Free quotes
7700 Hub Pkwy Suite #1, Valley View, OH 216-446-7122 gopinkcleveland.com
Paradise Energy Solutions Logo

Paradise Energy Solutions

4.7/5
Based on 18 customer reviews.

Services Offered

Residential Panels Commercial Panels Consultation Battery Storage Maintenance

Highlights

  • Informative resources
  • Free quotes
  • Reliable customer support
525 Belden Cir Ne, Sugarcreek, OH 330-852-4194 paradisesolarenergy.com

Ranking Methodology

We evaluated a multitude of Lakewood solar providers, using the following criteria to determine the finest:

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Facts about Lakewood
Average Max Temp: 57°F
Solar Payback Period: 13.1 years
Average Daily Sunlight: 50%
Homes Powered by Solar: 258
Average Annual Energy Bill: $1,254
Solar Power per Capita Percentile: 48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy has numerous advantages that will enhance your home for years to come.

  • Smaller power bills: Producing some or all of your own power will spend less on electricity long-term.
  • Better energy independence: Adding a battery storage system lets you have trustworthy energy during storms and grid outages.
  • Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.

What Solar Incentives Are Available to Lakewood Homeowners?

Ohio's public agencies and power companies offer a number of solar incentives to help minimize your solar system costs. Here's a breakdown of available solar programs where you live.

Incentive Type: Loan Program

Website: hamiltoncountyohio.gov

Incentive Amount:

$50,000

Incentive Type: PACE Financing

Incentive Amount:

Low-interest, 30-year loan

Incentive Type: Loan Program

Website: tos.ohio.gov

Incentive Amount:

Rate reduction available for up to $50,000 and 7 years of the bank loan

Incentive Type: Solar Renewable Energy Credit Program

Website: puco.ohio.gov

Incentive Amount:

SREC prices vary based on market conditions

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Lakewood

Choosing a company is the first step toward a well-oiled and valuable solar array. Consider all of these aspects in your service provider search.

Licensing and Training

Ohio may require a solar company to hold a state contractors' license, but only for commercial work. For residential work, cities can establish their own licensing or regulatory requirements. Check a company's website for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar sector's most credible trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.

Cost of Solar Panels in Lakewood

Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.

You can also add electric car (EV) chargers and battery backup systems. These will increase your total project price, but they can increase your solar system's efficiency. Not every solar provider offers these extras, so look for a company that installs them if it's a priority for you.

You can plan to spend about $17,050 on average for a five-kilowatt solar energy system in Lakewood. Check the table in this section to get an idea of what amount Lakewood solar companies might quote for your specific system.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,098
Solar Polycrystalline $857
Thin-Film $501
Solar Battery $703
Solar Home EV Charger $2,636

Financing Solar Energy in Lakewood

There are many ways to pay for a new solar system, and the right one will help you decrease overhead. A few of the most common options include power purchase agreements (PPAs), loans, leases, and cash payments. Most solar experts recommend paying cash or using a solar loan. Cash payments demand a large up-front sum, but they save you from paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like a home or car loan, you'll pay a set monthly rate with as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) enables you to pay a monthly rate determined by the energy you use, similar to an electric bill. We usually don’t recommend these two choices because you won't own the solar system and are disqualified from using solar incentives. We suggest working with a provider that offers multiple financing options. Speak with each consultant about what's available, and get more than one estimate for the best odds of keeping within your spending limits.

The table below lists the average payback periods for different capacities of solar systems in Lakewood.

The IRS allows you to claim a 26% federal tax credit on your new solar panels, so long as you purchase it before 2032. City and state governments and utilities might also offer their own rebates, financing programs, and incentives that could save you more money.

Solar System Capacity Estimated Payback period
1 kW 2.6 years
2 kW 5.2 years
5 kW 13.1 years
10 kW 26.2 years

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Frequently Asked Questions About Solar in Lakewood

How much money could I save by going solar in Lakewood?

On average, Lakewood homeowners spend approximately $1,254 per year on energy bills. Once you pay off your solar array, you could reduce your costs by $790.40 per kilowatt you produce.

Is solar energy readily available in Lakewood?

Yes, solar energy is readily available in Lakewood. A growing number of area homes are already using solar power on-site or through utility grids, and Ohio has about 7282 jobs comprising its solar economy.

Should I anticipate a property value increase after going solar?

Yes, solar energy systems will increase your property value. According to the National Renewable Energy Laboratory, for every dollar you save on energy bills, your home value increases by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

Could I still use solar power if I live in a wooded, rainy, or dark area?

Solar panels could still work in bad weather. Your provider will position your panels to capture the most sunlight possible. They might also recommend a backup battery to keep your system working at its best.

How can I assess my property's solar feasibility?

One common way to find your home's solar viability is by using PVWatts. This powerful free tool considers tree cover, panel efficiency, system size, and local weather and topography to determine how much electricity your array could generate. However, it's not a substitute for consulting with a solar energy professional, who can create a full estimate with the most updated data.

What is the average payback period for Lakewood solar panels?

The average payback period for a solar loan in Lakewood is 15.1 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

Should I get quotes from multiple Lakewood solar companies?

Yes, we advise requesting free solar quotes from three or more companies. You should thoroughly read each quote and compare labor fees, equipment costs, financing options, prework scope and costs and warranty details. Ensure each quote presents an itemized financial plan and includes your expected payback period.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

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