In a skillet on medium heat, place the bacon and cook until crispy. Drain, cool before crumbling. Set aside.
In a small bowl, place the thinly sliced peaches and chiffonade the basil and set aside.
Honey Dipping Sauce
In a small non-stick pan. Drizzle the honey and add the orange zest, orange juice, salt, pepper and balsamic. Whisk until incorporated and bring to a simmer.
In a small bowl, add the cold water and cornstarch to make a “slurry”. Slowly pour slurry into the pan. Stir constantly until thickened.
Once thickened, remove from heat and let cool.
Spread ricotta cheese on one side of the bread. Top with peach and basil, arugula, and a slice of cheddar cheese. Place the other slice of bread on top. Smear with mayonnaise and place smear side down in a non-stick pan or griddle. Repeat.
Cook on both sides until golden brown.
Cut sandwich in quarters dipping sauce on the side or drizzle on top. Enjoy!