Solar Panel Cost Guide in Beavercreek, OH (2023 Update)
- Beavercreek Solar Installation Cost: $13,332
- 25-Year Savings: $9,804
- Payback Period: 14.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Beavercreek
Let's take a look at the average cost of solar panels in Beavercreek.
While the national average of solar panels is $2.66 per watt, solar panels in Beavercreek generally cost about 2.56. Because a 7.4-kW system is needed to cover the energy consumption of a typical home in Beavercreek, the average price of going solar will be about $13,332 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Beavercreek homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $12,000 on electricity bills over 20 years, many homeowners in Beavercreek find going solar has a decent ROI.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Beavercreek
| Year | Return on Investment |
|---|---|
| 1 years | $-12,407 |
| 3 years | $-10,556 |
| 5 years | $-8,705 |
| 7 years | $-6,854 |
| 9 years | $-5,003 |
| 11 years | $-3,152 |
| 13 years | $-1,301 |
| 15 years | $550 |
| 17 years | $2,401 |
| 19 years | $4,251 |
| 21 years | $6,102 |
| 23 years | $7,953 |
| 25 years | $9,804 |
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:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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.
Solar Equipment
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.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Beavercreek, OH Solar Cost FAQs
What is the average cost of installing solar panels in Beavercreek?
The average cost of solar panels in Beavercreek is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact my property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't choose 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 solar panels."
How long do solar panels last in Beavercreek?
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 how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had 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.