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  • Written by
    Max Peterson
  • Fact Checked
  • Updated

The Richmond community is intentional about preserving its natural resources and living sustainably. That's why many people are purchasing panels from the best solar installers for their homes. 354 homes in the area already utilize a solar PV or water heating system. Skilled installers will therefore have the precise experience you need to join the solar revolution with confidence. Discover Richmond's best solar companies and learn crucial decision-making advice on this page.

Most Reputable
Blue Raven Solar logo
4.4/5

Ratings are based on our detailed proprietary methodology and review standards.

  • Offers high-efficiency panels and storage options
  • Provides unique in-house financing options
  • Recognized as one of the most reputable solar companies

6 Best Solar Companies in Richmond

Brands are algorithmically curated from a database of local service providers near you. We require a minimum number of Google reviews and average ratings for provider inclusion.

Top Rated Provider
OGW Energy Resources Logo
Top Rated

OGW Energy Resources

4.7/5

Ratings are based on our detailed proprietary methodology and review standards.

Based on 50 reviews


5205 S Co Rd 25A, Tipp City, OH 45371

(937) 506-8133

www.ogwenergyresources.com
Raiden Electric Logo

Raiden Electric

4.7/5

Ratings are based on our detailed proprietary methodology and review standards.

Based on 49 reviews


730 Reading Rd Suite C, Mason, OH 45040

(937) 557-3450

www.raidenelectric.com
TGE Solar Logo

TGE Solar

4.7/5

Ratings are based on our detailed proprietary methodology and review standards.

Based on 19 reviews


300 E Business Way Suite 200, Cincinnati, OH 45241

(513) 549-0833

www.tgesolar.com
Sustainergy Cooperative Logo

Sustainergy Cooperative

4.6/5

Ratings are based on our detailed proprietary methodology and review standards.

Based on 114 reviews


605 Burns St, Cincinnati, OH 45204

(513) 689-3068

www.sustainergy.coop
Icon Solar Logo

Icon Solar

4.5/5

Ratings are based on our detailed proprietary methodology and review standards.

Based on 47 reviews


50 W Techne Center Dr K, Milford, OH 45150

(513) 396-7777

www.iconsolar.com
Solgen Power Logo

Solgen Power

3.6/5

Ratings are based on our detailed proprietary methodology and review standards.

Based on 132 reviews


7453 Empire Dr, Florence, KY 41042

(509) 931-1663

www.solgenpower.com

Ranking Methodology

Our team focuses on the following criteria to assess the best Richmond solar companies.

  • Customer reviews and feedback: Most Richmond solar companies have both positive and critical reviews. However, a good review ratio demonstrates a company's reliability and responsiveness to issues.
  • Certifications and licenses: Each provider on our list meets state and city licensing requirements and stays up to date with industry best practices. Many of them have been a part of the Richmond community for more than a decade.
  • Panel brands and quality: The leading solar companies remain current on new technology, offering equipment from cutting-edge and trustworthy manufacturers.
  • Educational approach and support: Solar technicians must be excellent teachers. They should tap into their years of experience address your questions on how to care for your system and maximize its performance.
  • Warranty and service offerings: Solar contractors should stand behind their products and services with warranties. We evaluated how each company responds to issues and warranty claims, focusing on timeliness and customer happiness.

Facts about Richmond

  • Average Max Temperature:
    59°F
  • Solar Payback Period:
    16 years
  • Average Daily Sunlight:
    53%
  • Homes Powered by Solar:
    354
  • Average Annual Energy Bill:
    $1,239
  • Solar Power per Capita:
    63.3%

Benefits of Solar Energy

Solar energy provides multiple advantages that will enhance your home for years to come.

  • Lowered energy bills: Solar panels let you generate your own energy to power your home, reducing your regular electricity costs. Going off-grid can eliminate your bills completely. Plus, a significant amount of states have adopted net metering, which permit you to earn money by selling your unused energy back to the grid.
  • Better energy independence: Adding a battery backup or storage system lets you have dependable energy during storms and grid outages.
  • Reduced carbon footprint: Solar is one of the universe's most abundant clean energy sources, meaning you can minimize or conquer your home's dependence on non-renewable sources.

What Solar Incentives Are Available to Richmond Homeowners?

The state of Indiana offers a number of solar incentives to help offset your solar system costs. Here's a breakdown of available solar programs where you live.

Incentive Type:Property Tax Incentive

Website:https://www.in.gov/dlgf/deductions-property-tax/

Incentive Amount:

Solar energy systems used for heating or cooling: out-of-pocket expenditures by the owner for the components and labor
Wind, hydroelectric, geothermal, solar thermal, solar PV, and other solar energy systems: the assessed value of the system

How To Choose the Best Solar Company in Richmond

Choosing a company is the first step toward an effective and cost-efficient solar energy system. Consider all of these factors in your company search.

Licensing and Training

Indiana does not issue electrical or solar contracting licenses at the state level, but localities might adopt their own licensing programs. Solar installers can also pursue accreditations from standards organizations and trade groups. The most respected ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Richmond

The kind of solar panels you purchase decides how much energy you can produce. Monocrystalline panels and high-quality and cost more but give you the best performance. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.

You can also add electric car (EV) chargers and battery backup systems. These will increase your total installation cost, but they can enhance your solar system's performance. Not all solar companies offer these additional features, so look for a contractor that installs them if it's crucial for you.

If you're a resident of Richmond and are considering getting a five-kilowatt solar energy system, you could expect to pay about $20,500 for materials and labor. Find more information on specific component and solar panel costs in the table.

Solar Panel CostAverage Cost
Solar Monocrystalline$1,122.14
Solar Polycrystalline$875.27
Thin-Film$511.70
Solar Battery$718.17
Solar Home EV Charger$2,693.14

Financing Solar Energy in Richmond

Solar companies use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar loans, cash payments, solar leases and power purchase agreements (PPAs). We suggest making a cash payment or securing a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar panel incentives to reduce your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) enables you to pay a monthly rate based only on the energy you use, like an electric bill. We generally don’t recommend these two choices because you won't own the solar system and are disqualified from using solar incentives. Ask each provider you're evaluating about the payment options it offers. A staff member can help you determine the best option for your pocketbook.

The table below lists the average payback periods for different capacities of solar systems in Richmond.

You can claim a 26% federal solar tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own financing plans and rebates that could reduce your total cost even more.

Solar System CapacityEstimated Payback period
1 kW2.1 years
2 kW4.1 years
5 kW10.4 years
10 kW20.7 years

Frequently Asked Questions about Solar in Richmond

Sources

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