Solar Panel Cost Guide in Beavercreek, OH (Feb 2023)
- Beavercreek Solar Installation Cost: $13,332
- 25-Year Savings: $9,804
- Payback Period: 14.4 Years
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Top Solar Installers in Beavercreek
When going solar, many homeowners opt to use a solar company since putting up a solar system yourself can be a difficult project. Another upside of working with a solar installer is that they can help you make the most of your return of investment by lowering your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Beavercreek:
See all of the solar companies in Beavercreek
Factors that Affect Solar Panel Costs in Beavercreek
Although the average cost of a solar system in Beavercreek is $13,332, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Beavercreek. The kind of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, 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 looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Beavercreek to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. However, the interest on solar loans also adds to your all-in costs, so it's crucial to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Beavercreek, and each can charge varying amounts for labor and equipment. Additionally, some companies in Beavercreek are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$7,479||15.0 years|
|8 kW||$2.61||$14,623||$10,259||14.7 years|
|10 kW||$2.56||$17,920||$13,182||14.4 years|
|12 kW||$2.51||$21,074||$16,248||14.1 years|
|14 kW||$2.46||$24,084||$19,458||13.8 years|
|16 kW||$2.41||$26,952||$22,811||13.5 years|
|18 kW||$2.36||$29,676||$26,308||13.3 years|
|20 kW||$2.30||$32,256||$29,947||13.0 years|
How to Save on Solar Panels
The solar installer you opt for will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully 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 depending on their roof configurations and how much efficiency they need. Although there are many options for which brand 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 ask for their list of offerings before making your decision.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
EcoWatch's Beavercreek, OH Solar Cost FAQs
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.