Solar Panel Cost Guide in Beckett Ridge, OH (Oct 2022)

  • Beckett Ridge Solar Installation Cost: $13,315
  • 25-Year Savings: $10,874
  • Payback Period: 13.8 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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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.

Although the national average of solar panels is $2.66 per watt, solar panels in Beckett Ridge generally cost about $3. To account for the typical energy usage of the average home in Beckett Ridge, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,315, or $9,853 after the federal solar tax credit of 30% is applied.

How much you pay can be higher or lower than the average in Beckett Ridge depending on a few factors, such as the brand of solar panels you choose and the solar installer you hire. Many homeowners find going solar is a rewarding investment. The average homeowner in Beckett Ridge can save around $12,000 on their energy bills over 20 years.

Click the button below to get connected to a vetted solar panel company in Beckett Ridge for a custom quote.

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

Installing solar panels yourself can be a time-consuming task, which is why using a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance 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 National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Size

Size is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Beckett Ridge, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Beckett Ridge homeowners decide to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your total costs, so it's vital to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in Beckett Ridge is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services for different budgets. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that has the products, warranties and services you're looking for and also fit into your budget.

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

Solar Incentives in Beckett Ridge

Name Hamilton County - Home Improvement Program
Incentive Amount $50,000
Website Visit here
More Info Click here

Name Duke Energy (Gas & Electric) - Residential Efficiency Rebate Program
Website Visit here
More Info Click here

Name Local Option - Special Energy Improvement Districts
More Info Click here

Name Energy Conservation for Ohioans (ECO-Link) Program
Website Visit here
More Info Click here

Name Solar Renewable Energy Certificates Program (SRECs)
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

Since the type of solar panels and the installation company you choose considerably impacts your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
  • Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
  • Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar company. See to it that you understand how the installation process works and the project timeline.
  • Warranty: If you're concerned about the durability of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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

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 $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive 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 secure 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 savings from going solar.

How much can I save on power bills after switching to solar?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Beckett Ridge, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.

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.

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