Solar Panel Cost Guide in Beckett Ridge, OH (2024 Update)
- Beckett Ridge Solar Installation Cost: $17,747
- 25-Year Savings: $10,865
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in Beckett Ridge
We break down average solar pricing in Beckett Ridge.
The national average cost of solar panels is $2.66 per watt, but in Beckett Ridge it’s 3 per watt.Using this figure, a typical 7.4-kW system would cost about $17,747 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Beckett Ridge depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar system is a solid investment. The average homeowner in Beckett Ridge can save about $12,000 on their energy bills over 20 years.
To get a free estimate from a top solar installer in Beckett Ridge, you can click the button below.
Solar savings over time in Beckett Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-16,582 |
| 3 years | $-14,252 |
| 5 years | $-11,922 |
| 7 years | $-9,592 |
| 9 years | $-7,262 |
| 11 years | $-4,932 |
| 13 years | $-2,602 |
| 15 years | $-272 |
| 17 years | $2,058 |
| 19 years | $4,388 |
| 21 years | $6,718 |
| 23 years | $9,048 |
| 25 years | $11,378 |
Top Solar Installers in Beckett Ridge
When switching to solar energy, many homeowners prefer to hire a solar company since installing solar panels yourself can be a time-consuming project. In addition, if you’d like to maximize your investment in solar power, going with a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
If you’d like to make the switch to solar but still aren’t certain which solar company to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Beckett Ridge
Factors that Affect Solar Panel Costs in Beckett Ridge
For many Beckett Ridge homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Beckett Ridge, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Beckett Ridge, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past power bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Beckett Ridge have solar loans, which reduce the initial cost of installing solar panels.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can impact your pricing. Beckett Ridge’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount 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 | $4,625 | 19.1 years |
| 8 kW | $3.48 | $19,478 | $6,549 | 18.7 years |
| 10 kW | $3.41 | $23,870 | $8,664 | 18.3 years |
| 12 kW | $3.34 | $28,071 | $10,969 | 18.0 years |
| 14 kW | $3.27 | $32,081 | $13,466 | 17.6 years |
| 16 kW | $3.21 | $35,900 | $16,154 | 17.2 years |
| 18 kW | $3.14 | $39,529 | $19,032 | 16.9 years |
| 20 kW | $3.07 | $42,966 | $22,101 | 16.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Warranty: If you care about the endurance of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: When making the switch to solar, it’s necessary to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
- Contract: Before signing a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Beckett Ridge, OH Solar Cost FAQs
How much does it cost to install solar panels in Beckett Ridge?
This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Beckett Ridge?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to 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 financial benefits from going solar.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.