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.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Beckett Ridge, the typical cost of solar panels is 3 per watt.To account for the typical energy needs 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 around $17,747, or $25,378 before the federal solar tax credit of 0 is applied.
The true price you pay can be higher or lower than the average in Beckett Ridge depending on several factors, such as the model of solar panels you choose and the solar company you hire.For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Beckett Ridge see about $12,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Beckett Ridge that can help you get a more accurate cost estimate for your home.
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
Trying to install solar panels yourself can be a stressful undertaking, which is why getting a solar installation company is a good option for many homeowners. Local solar companies can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
You can work with a local solar installer to get a free quote 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
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 determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $3,410 per kilowatt in Beckett Ridge.There are several different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Beckett Ridge homeowners opt to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Beckett Ridge is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services for different budgets.Additionally, some companies in Beckett Ridge have more knowledge about local solar incentives and can help you make good use of 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 help you save 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 | $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 solar panel company you choose will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- 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 going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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
How much does it cost to install solar panels in Beckett Ridge?
The average cost of solar panels in Beckett Ridge is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on things like the kind 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 home 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 beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
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 usually produce about 250 to 400 watt-hours per hour, the average home 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.