Solar Panel Cost Guide in Beavercreek, OR (2024 Update)
- Beavercreek Solar Installation Cost: $10,076
- 25-Year Savings: $14,805
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Beavercreek
Find out what the average cost of solar panels are in Beavercreek.
The national average cost of solar panels is $2.66 per watt, but in Beavercreek it’s 4 per watt.To account for the typical energy needs of the average home in Beavercreek, most homeowners require a 4.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $10,076, or $14,409 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Beavercreek homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Beavercreek can save about $22,000 on their electricity bills over 20 years.
To receive a free estimate from a vetted solar installer in Beavercreek, you can click the button below.
Solar savings over time in Beavercreek
| Year | Return on Investment |
|---|---|
| 1 years | $-8,671 |
| 3 years | $-5,862 |
| 5 years | $-3,053 |
| 7 years | $-244 |
| 9 years | $2,565 |
| 11 years | $5,374 |
| 13 years | $8,183 |
| 15 years | $10,992 |
| 17 years | $13,802 |
| 19 years | $16,611 |
| 21 years | $19,420 |
| 23 years | $22,229 |
| 25 years | $25,038 |
Top Solar Installers in Beavercreek
Trying to install solar panels yourself can be a difficult undertaking, which is why using a solar installation company is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're looking for a solar company in Beavercreek, the EcoWatch team has put together 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
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 Beavercreek
Factors that Affect Solar Panel Costs in Beavercreek
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Beavercreek: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 around $3,500 per kilowatt in Beavercreek.There are many different solar panel brands and the one you pick also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Beavercreek provide solar loans, which reduce the initial cost of installing solar panels.While solar loans make adopting solar energy more accessible for Beavercreek homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that provides the products, warranties and services you want and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.64 | $15,288 | $17,490 | 11.7 years |
| 8 kW | $3.57 | $19,992 | $23,712 | 11.4 years |
| 10 kW | $3.50 | $24,500 | $30,130 | 11.2 years |
| 12 kW | $3.43 | $28,812 | $36,744 | 11.0 years |
| 14 kW | $3.36 | $32,928 | $43,554 | 10.8 years |
| 16 kW | $3.29 | $36,848 | $50,560 | 10.5 years |
| 18 kW | $3.22 | $40,572 | $57,762 | 10.3 years |
| 20 kW | $3.15 | $44,100 | $65,160 | 10.1 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 selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: Review the contract terms closely to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Reputation: Your solar installer should have a good 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 past 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 Beavercreek, OR Solar Cost FAQs
What is the average cost of installing solar panels in Beavercreek?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $17,500 for a 5-kW system and $35,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Beavercreek?
Each state has some form 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 power bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 install between 20 and 35 panels to account for 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.