Solar Panel Cost Guide in Beckett Ridge, OH (Mar 2023)
- Beckett Ridge Solar Installation Cost: $13,315
- 25-Year Savings: $10,874
- Payback Period: 13.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Beckett Ridge
Let's have a look at the average cost of solar panels in Beckett Ridge.
The average cost of a solar panel system in Beckett Ridge is 2.56 per watt. Using this figure, a typical 7.4-kW system would cost about $13,315 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want, your solar contractor and more. Even with the significant initial cost, the average Beckett Ridge homeowner can save around $12,000 on their energy bills over 20 years, which is one of the benefits of solar.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Beckett Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-12,347 |
| 3 years | $-10,412 |
| 5 years | $-8,477 |
| 7 years | $-6,542 |
| 9 years | $-4,607 |
| 11 years | $-2,672 |
| 13 years | $-737 |
| 15 years | $1,199 |
| 17 years | $3,134 |
| 19 years | $5,069 |
| 21 years | $7,004 |
| 23 years | $8,939 |
| 25 years | $10,874 |
Top Solar Installers in Beckett Ridge
Trying to install solar panels yourself can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. Solar warranties and repairs are often included in the cost of installation when you go with a solar company as well, which can save you more money over time.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Beckett Ridge
Factors that Affect Solar Panel Costs in Beckett Ridge
The cost of installing a solar system in Beckett Ridge can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. 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 choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Beckett Ridge average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Beckett Ridge homeowners decide to finance their solar panel systems to make paying for solar more affordable. While solar loans make adopting solar energy more accessible for Beckett Ridge homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can affect how much it costs. Beckett Ridge's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $8,338 | 14.3 years |
| 8 kW | $2.61 | $14,623 | $11,404 | 14.0 years |
| 10 kW | $2.56 | $17,920 | $14,614 | 13.8 years |
| 12 kW | $2.51 | $21,074 | $17,967 | 13.5 years |
| 14 kW | $2.46 | $24,084 | $21,463 | 13.2 years |
| 16 kW | $2.41 | $26,952 | $25,102 | 12.9 years |
| 18 kW | $2.36 | $29,676 | $28,885 | 12.7 years |
| 20 kW | $2.30 | $32,256 | $32,811 | 12.4 years |
How to Save on Solar Panels
Since the model of solar panels and the installer 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:
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Beckett Ridge, OH Solar Cost FAQs
What is the average cost of installing solar panels in Beckett Ridge?
The average cost of solar panels in Beckett Ridge is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Beckett Ridge?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is it worth going solar in Beckett Ridge?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Beckett Ridge?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having 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.