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

  • Riverside Solar Installation Cost: $13,458
  • 25-Year Savings: $11,572
  • Payback Period: 13.4 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Riverside

Find out how much it might cost to make the switch to solar in Riverside.

The average cost of a solar system in Riverside is $3 per watt. The average Riverside homeowner needs a 7.5-kilowatt system, which would cost about $13,458, or $9,959 after the federal solar tax credit of 30% is applied.

These figures are just averages, and the cost of going solar for you may vary based on your specific situation and what company you go with. For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Riverside see about $13,000 in savings on utility bills over 20 years.

For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Riverside

Year Return on Investment
1 years $-12,457
3 years $-10,454
5 years $-8,452
7 years $-6,449
9 years $-4,447
11 years $-2,445
13 years $-442
15 years $1,560
17 years $3,563
19 years $5,565
21 years $7,567
23 years $9,570
25 years $11,572

Top Solar Installers in Riverside

Although it's possible to install solar panels yourself, it involves extra time and expertise. That's why almost all homeowners choose to hire a solar panel installer. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.

If you'd like to make the switch to solar but still aren't sure which solar panel company to go with, here are our recommendations for providers in Riverside:

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 Riverside

Factors that Affect Solar Panel Costs in Riverside

For many Riverside homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Riverside, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. In addition, 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 utility bills over many years, but they can also be a significant investment. That's why many Riverside homeowners decide to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your total costs, so it's crucial to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.

Solar Panel Installation Company

The final significant cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Riverside, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Riverside have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 $2.66 $11,182 $8,828 14.0 years
8 kW $2.61 $14,623 $12,058 13.7 years
10 kW $2.56 $17,920 $15,431 13.4 years
12 kW $2.51 $21,074 $18,947 13.2 years
14 kW $2.46 $24,084 $22,606 12.9 years
16 kW $2.41 $26,952 $26,409 12.6 years
18 kW $2.36 $29,676 $30,356 12.4 years
20 kW $2.30 $32,256 $34,445 12.1 years

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:

  • Reputation: Make sure your solar company 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 EcoWatch.
  • Solar Panel Brands: The model of solar panel you want to install plays a role in which company you should go with, since different companies provide different panels.
  • Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
  • Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.

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 Riverside, OH Solar Cost FAQs

What is the average cost of installing solar panels in Riverside?

The average cost of solar panels in Riverside 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 things such as the type of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Riverside?

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 don't have access to 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 savings from going solar.

Can you sell solar power back to the grid in Riverside?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.

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 the average daily 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 buy between 20 and 35 panels to cover 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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