Solar Panel Cost Guide in Wellston, OH (2024 Update)
- Wellston Solar Installation Cost: $17,643
- 25-Year Savings: $30,939
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Wellston
Find out what the average cost of installing solar panels is in Wellston.
The average cost of a solar system in Wellston is 3 per watt.The average Wellston homeowner needs a 7.4-kilowatt system, which would cost about $17,643 with the federal tax credit, or $25,229 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Wellston homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Despite the large initial cost, the average Wellston homeowner can save around $23,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar installer in Wellston for a quote for your home.
Solar savings over time in Wellston
| Year | Return on Investment |
|---|---|
| 1 years | $-15,919 |
| 3 years | $-12,473 |
| 5 years | $-9,026 |
| 7 years | $-5,579 |
| 9 years | $-2,132 |
| 11 years | $1,315 |
| 13 years | $4,761 |
| 15 years | $8,208 |
| 17 years | $11,655 |
| 19 years | $15,102 |
| 21 years | $18,549 |
| 23 years | $21,996 |
| 25 years | $25,442 |
Top Solar Installers in Wellston
When going solar, many homeowners prefer to hire a solar installer since installing solar panels yourself can be a difficult project. Another advantage of using a solar company is that they can help you optimize your investment by bringing down your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Wellston
Factors that Affect Solar Panel Costs in Wellston
There are a number of factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation 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 $3,410.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Wellston average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Wellston, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.While solar loans make adopting solar energy more accessible for Wellston homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Wellston, and each can charge different amounts for labor and equipment.The company’s size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.55 | $14,895 | $20,972 | 10.4 years |
| 8 kW | $3.48 | $19,478 | $28,345 | 10.2 years |
| 10 kW | $3.41 | $23,870 | $35,908 | 10.0 years |
| 12 kW | $3.34 | $28,071 | $43,663 | 9.8 years |
| 14 kW | $3.27 | $32,081 | $51,608 | 9.6 years |
| 16 kW | $3.21 | $35,900 | $59,745 | 9.4 years |
| 18 kW | $3.14 | $39,529 | $68,072 | 9.2 years |
| 20 kW | $3.07 | $42,966 | $76,591 | 9.0 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: The model of solar panel you need plays a role in which company you should choose, since different companies offer different panels.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a solid 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 previous customers.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Wellston, OH Solar Cost FAQs
How much does it cost to install solar panels in Wellston?
The average cost of solar panels in Wellston is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Wellston?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is going solar worth it?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 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.