Solar Panel Cost Guide in Beechwood Trails, OH (Mar 2023)
- Beechwood Trails Solar Installation Cost: $13,601
- 25-Year Savings: $19,348
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Beechwood Trails
We break down average solar pricing in Beechwood Trails.
The national average cost of solar panels is $2.66 per watt, but in Beechwood Trails it's 2.56 per watt. The average Beechwood Trails homeowner needs a 7.6-kilowatt system, which would cost about $13,601 with the federal tax credit, or $19,449 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Beechwood Trails homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Despite the significant upfront cost, the average Beechwood Trails homeowner can save about $16,000 on their power bills over 20 years, which is one of the positives of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Beechwood Trails
| Year | Return on Investment |
|---|---|
| 1 years | $-12,283 |
| 3 years | $-9,647 |
| 5 years | $-7,011 |
| 7 years | $-4,375 |
| 9 years | $-1,739 |
| 11 years | $896 |
| 13 years | $3,532 |
| 15 years | $6,168 |
| 17 years | $8,804 |
| 19 years | $11,440 |
| 21 years | $14,076 |
| 23 years | $16,712 |
| 25 years | $19,348 |
Top Solar Installers in Beechwood Trails
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be a lot of work. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.
If you're on the hunt for a solar installer in Beechwood Trails, the EcoWatch team has organized a list of our top suggestions here:
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 Beechwood Trails
Factors that Affect Solar Panel Costs in Beechwood Trails
There are many factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,560. There are many different solar panel brands and the one you choose also changes the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Beechwood Trails to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. 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 securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you choose will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk 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 | $2.66 | $11,182 | $14,860 | 10.7 years |
| 8 kW | $2.61 | $14,623 | $20,100 | 10.5 years |
| 10 kW | $2.56 | $17,920 | $25,484 | 10.3 years |
| 12 kW | $2.51 | $21,074 | $31,010 | 10.1 years |
| 14 kW | $2.46 | $24,084 | $36,680 | 9.9 years |
| 16 kW | $2.41 | $26,952 | $42,494 | 9.7 years |
| 18 kW | $2.36 | $29,676 | $48,451 | 9.5 years |
| 20 kW | $2.30 | $32,256 | $54,551 | 9.3 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining 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 some important things you should consider, such as:
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
- Warranty: If you care about the durability of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While 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 make sure you take a look at their list of options before making your decision.
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 Beechwood Trails, OH Solar Cost FAQs
How much does it cost to install solar panels in Beechwood Trails?
The average cost of solar panels in Beechwood Trails 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $868.07 per year.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires 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 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.