Solar Panel Cost Guide in Bexley, OH (2023 Update)
- Bexley Solar Installation Cost: $13,530
- 25-Year Savings: $19,853
- Payback Period: 10.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Bexley
We break down average solar pricing in Bexley.
In Bexley, solar panels cost about 2.56 per watt on average. The average solar panel system size in Bexley is around 7.5 kilowatts, meaning a cost of about $13,530 for a solar installation, or $19,348 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of making the switch to solar can vary quite a bit based on a few factors, such as what size system you need, your energy consumption and what installation company you go with. Many homeowners find installing a solar system is a sound investment. The average homeowner in Bexley can save around $17,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Bexley that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bexley
| Year | Return on Investment |
|---|---|
| 1 years | $-12,194 |
| 3 years | $-9,524 |
| 5 years | $-6,853 |
| 7 years | $-4,182 |
| 9 years | $-1,512 |
| 11 years | $1,159 |
| 13 years | $3,829 |
| 15 years | $6,500 |
| 17 years | $9,171 |
| 19 years | $11,841 |
| 21 years | $14,512 |
| 23 years | $17,183 |
| 25 years | $19,853 |
Top Solar Installers in Bexley
Many homeowners opt for a solar installation company since trying to install solar panels yourself can be time-consuming. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Bexley
Factors that Affect Solar Panel Costs in Bexley
The cost of installing a solar system in Bexley can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar 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 crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Bexley, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, 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
Many homeowners find the average cost of solar in Bexley to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies operating in Bexley, and each can charge varying amounts for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.66 | $11,182 | $15,359 | 10.5 years |
| 8 kW | $2.61 | $14,623 | $20,765 | 10.3 years |
| 10 kW | $2.56 | $17,920 | $26,314 | 10.1 years |
| 12 kW | $2.51 | $21,074 | $32,007 | 9.9 years |
| 14 kW | $2.46 | $24,084 | $37,844 | 9.7 years |
| 16 kW | $2.41 | $26,952 | $43,823 | 9.5 years |
| 18 kW | $2.36 | $29,676 | $49,946 | 9.3 years |
| 20 kW | $2.30 | $32,256 | $56,213 | 9.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: Before you sign a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Bexley, OH Solar Cost FAQs
How much does it cost to install solar panels in Bexley?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Bexley is currently $256,000, which means you could be looking at a value of about $10,496 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Bexley is a rewarding investment.
How many solar panels should I get to power 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 take a 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.