Solar Panel Cost Guide in Cheviot, OH (Dec 2022)

  • Cheviot Solar Installation Cost: $13,243
  • 25-Year Savings: $10,946
  • Payback Period: 13.7 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated December 8, 2022

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Cheviot

Here's how much it might cost to install solar panels in Cheviot.

The average cost of a solar system in Cheviot is $3 per watt. Using this figure, a typical 7.4 would cost about $13,243 before the 30% federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more. For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $12,000 in savings on utility bills over 20 years.

You can click the button below to get connected with a top solar installer in Cheviot for a quote for your home.

Solar savings over time in Cheviot

Year Return on Investment
1 years $-12,275
3 years $-10,340
5 years $-8,405
7 years $-6,470
9 years $-4,535
11 years $-2,600
13 years $-665
15 years $1,270
17 years $3,205
19 years $5,140
21 years $7,075
23 years $9,011
25 years $10,946

Top Solar Installers in Cheviot

Although it's possible to install solar panels yourself, it takes extra effort and expertise. That's one of the reasons almost all homeowners choose a solar panel installer. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.

There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:

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

Tesla Energy

★★★★★
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 Cheviot

Factors that Affect Solar Panel Costs in Cheviot

The cost of installing a solar system in Cheviot can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, 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 going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Cheviot. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Cheviot average.

Solar Financing Terms

If paying for a solar system in cash is too expensive, solar loans are a solid route because they lower your upfront costs and let you pay for your system over five to seven years on average. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.

Solar Panel Installation Company

The final major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Cheviot, you'll have many options to choose from, but each comes at various price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut 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 $8,461 14.2 years
8 kW $2.61 $14,623 $11,568 14.0 years
10 kW $2.56 $17,920 $14,818 13.7 years
12 kW $2.51 $21,074 $18,212 13.4 years
14 kW $2.46 $24,084 $21,749 13.1 years
16 kW $2.41 $26,952 $25,430 12.9 years
18 kW $2.36 $29,676 $29,253 12.6 years
20 kW $2.30 $32,256 $33,221 12.3 years

How to Save on Solar Panels

The solar installer you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:

  • Solar Panel Brands: The model of solar panel you'd like plays a role in which company you should opt for, since different companies have different panels.
  • Contract: Look through the contract terms carefully to make sure you understand the total cost, project completion timeline rebates and warranties.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
  • Installation Process: When making the switch to solar, it's crucial to keep an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.

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

Tesla Energy

★★★★★
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 Cheviot, OH Solar Cost FAQs

How much does it cost to install solar panels in Cheviot?

The average cost of solar panels in Cheviot is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.

Can you get solar panels for free in Cheviot?

A solar panel system isn't free in Cheviot, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

Do solar panels increase how much your home is worth?

Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."

How often do you have to replace solar panels?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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.

Follow us