Solar Panel Cost Guide in Bear, DE (Jan 2023)
- Bear Solar Installation Cost: $12,064
- 25-Year Savings: $14,345
- Payback Period: 11.4 Years
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Top Solar Installers in Bear
When going solar, many homeowners choose to hire a solar installation company since DIY solar panel installation can be a difficult project. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're looking for a solar company in Bear, we've put together a list of our top suggestions here:
See all of the solar companies in Bear
Factors that Affect Solar Panel Costs in Bear
While the average cost of a solar system in Bear is $12,064, your final cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,580 per kilowatt in Bear. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Bear, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, 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 solar panels out of pocket is too expensive, solar loans are an affordable choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. While solar loans make going solar more accessible for Bear homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Bear is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Bear have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
|System size||Cost per system watt||Solar system cost||25-Year savings||Payback period|
|6 kW||$2.68||$11,269||$12,439||11.9 years|
|8 kW||$2.63||$14,737||$16,875||11.7 years|
|10 kW||$2.58||$18,060||$21,454||11.4 years|
|12 kW||$2.53||$21,239||$26,179||11.2 years|
|14 kW||$2.48||$24,273||$31,048||11.0 years|
|16 kW||$2.43||$27,162||$36,061||10.7 years|
|18 kW||$2.37||$29,907||$41,219||10.5 years|
|20 kW||$2.32||$32,508||$46,521||10.3 years|
How to Save on Solar Panels
There are a large number of companies available in Bear, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
EcoWatch's Bear, DE Solar Cost FAQs
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.