Solar Panel Cost Guide in Bellevue, KY (2024 Update)
- Bellevue Solar Installation Cost: $24,826
- 25-Year Savings: $15,909
- Payback Period: 19.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Bellevue
Find out what the average cost of a solar system is in Bellevue.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bellevue, the average cost of solar panels is 4 per watt.The average solar panel system size in Bellevue is around 9.7 kilowatts, meaning a cost of about $24,826 for a solar installation, or $35,501 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Bellevue depending on a few factors, such as the kind of solar panels you choose and the solar company you hire.Many homeowners find going solar is a rewarding investment. The average homeowner in Bellevue can save about $12,000 on their electricity bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Bellevue
Year | Return on Investment |
---|---|
1 years | $-23,632 |
3 years | $-21,242 |
5 years | $-18,853 |
7 years | $-16,464 |
9 years | $-14,075 |
11 years | $-11,685 |
13 years | $-9,296 |
15 years | $-6,907 |
17 years | $-4,518 |
19 years | $-2,128 |
21 years | $261 |
23 years | $2,650 |
25 years | $5,040 |
Top Solar Installers in Bellevue
When making the switch to solar, many homeowners opt to use a solar company since installing solar panels yourself can be a time-consuming project. Plus, if you’re unsure what type of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Bellevue
Factors that Affect Solar Panel Costs in Bellevue
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Bellevue: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Bellevue, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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 a solar system in cash is difficult, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.Even though solar loans make going solar more accessible for Bellevue homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect your pricing. Bellevue’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — 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 find a company that has 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 | $3.80 | $15,943 | $3,708 | 20.3 years |
8 kW | $3.72 | $20,849 | $5,353 | 19.9 years |
10 kW | $3.65 | $25,550 | $7,202 | 19.5 years |
12 kW | $3.58 | $30,047 | $9,256 | 19.1 years |
14 kW | $3.50 | $34,339 | $11,514 | 18.7 years |
16 kW | $3.43 | $38,427 | $13,977 | 18.3 years |
18 kW | $3.36 | $42,311 | $16,644 | 17.9 years |
20 kW | $3.29 | $45,990 | $19,515 | 17.6 years |
How to Save on Solar Panels
The solar installer you opt for will affect not only your overall costs, but also the types 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:
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Solar Panel Brands: The brand of solar panel you’d like plays a role in which company you should go with, since different companies have different panels.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Bellevue, KY Solar Cost FAQs
What is the average cost of installing solar panels in Bellevue?
The average cost of solar panels in Bellevue is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Bellevue?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside 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 get the most savings.
Can you sell solar power back to the grid in Bellevue?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 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 buy 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.