Solar Panel Cost Guide in Bethel, OH (2024 Update)
- Bethel Solar Installation Cost: $17,780
- 25-Year Savings: $10,706
- Payback Period: 17.1 Years
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Average Cost of Solar Panels in Bethel
Find out what the average cost of a solar system is in Bethel.
Although the national average of solar panels is $2.66 per watt, solar panels in Bethel typically cost about 3.The average Bethel homeowner needs a 7.4-kilowatt system, which would cost about $17,780 with the federal tax credit, or $25,425 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what company you go with.With average savings of about $13,000 on utility bills over 20 years, many homeowners in Bethel find investing in solar can pay off big.
You can click the button below to get connected with a top solar company in Bethel that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bethel
| Year | Return on Investment |
|---|---|
| 1 years | $-16,641 |
| 3 years | $-14,362 |
| 5 years | $-12,083 |
| 7 years | $-9,804 |
| 9 years | $-7,525 |
| 11 years | $-5,246 |
| 13 years | $-2,967 |
| 15 years | $-688 |
| 17 years | $1,591 |
| 19 years | $3,869 |
| 21 years | $6,148 |
| 23 years | $8,427 |
| 25 years | $10,706 |
Top Solar Installers in Bethel
Many homeowners decide to use a solar panel installer since trying to put up solar panels by yourself can be a lot of work. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 Bethel
Factors that Affect Solar Panel Costs in Bethel
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Bethel: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Bethel, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $3,410 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Bethel, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Bethel, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.Although solar loans make switching to solar energy more accessible for Bethel homeowners, they can also raise 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Bethel is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services for different budgets.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that provides 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 | $3.55 | $14,895 | $5,983 | 17.8 years |
| 8 kW | $3.48 | $19,478 | $8,359 | 17.5 years |
| 10 kW | $3.41 | $23,870 | $10,926 | 17.1 years |
| 12 kW | $3.34 | $28,071 | $13,684 | 16.8 years |
| 14 kW | $3.27 | $32,081 | $16,633 | 16.5 years |
| 16 kW | $3.21 | $35,900 | $19,773 | 16.1 years |
| 18 kW | $3.14 | $39,529 | $23,104 | 15.8 years |
| 20 kW | $3.07 | $42,966 | $26,626 | 15.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: Before signing a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies carry different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Bethel, OH Solar Cost FAQs
How much does it cost to install solar panels in Bethel?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Bethel?
A solar panel system isn’t free in Bethel, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is going solar worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Bethel?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.