Solar Panel Cost Guide in Riverside, OH (Nov 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 only estimates, and the cost of going solar for you will vary based on factors unique to your home and what company you choose to go with. With typical savings of about $13,000 on electricity bills over 20 years, many homeowners in Riverside find going solar has a decent ROI.

To get a free quote from a top solar installation company in Riverside, you can 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

When going solar, many homeowners opt to hire a solar installer since overseeing your solar installation yourself can be a difficult project. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.

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 Riverside

Factors that Affect Solar Panel Costs in Riverside

For many Riverside homeowners, the decision to install a solar energy system rests 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 few factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size. Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,560. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Riverside, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for a solar system out of pocket is difficult, solar loans are an affordable route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, 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 more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.

Solar Panel Installation Company

The solar installation company you select will affect your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. The company's size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have 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 lower to compete with bigger companies.

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

There are numerous companies available in Riverside, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:

  • Warranty: If you're worried about the endurance of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
  • Solar Panel Brands: The type of solar panel you'd like plays a part in which company you should opt for, since different companies have access to different panels.
  • Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
  • 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.

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?

This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Are solar panels free in Riverside?

You can't get solar panels for free in Riverside. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.

Do solar panels increase how much your home is worth?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Riverside is currently $118,815, so you can expect about a value of about $4,871 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Riverside is a rewarding investment.

How many solar panels should I get 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 typically 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.

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