Solar Panel Cost Guide in Bloom, OH (2025 Update)

  • Bloom Solar Installation Cost: $17,944
  • 25-Year Savings: $19,105
  • Payback Period: 13.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 24, 2025

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Bloom

Let’s have a look at the average cost of solar panels in Bloom.

The national average cost of solar panels is $2.66 per watt, but in Bloom it’s 3 per watt.Since a 7.5-kW system is needed to cover the energy consumption of a typical home in Bloom, the average price of going solar will be about $17,944 after claiming the federal solar tax credit of 0.

Keep in mind that the figures above are only estimates based on the average Bloom 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.But, after you've paid the upfront cost of installation, the savings for most homeowners is usually good, with a net average savings of about $16,000 over 20 years on utility bills.

You can click the button below to get connected with a vetted solar installer in Bloom that can help you get a more accurate cost estimate for your home.

Solar savings over time in Bloom

YearReturn on Investment
1 years$-16,629
3 years$-13,999
5 years$-11,370
7 years$-8,740
9 years$-6,110
11 years$-3,480
13 years$-851
15 years$1,779
17 years$4,409
19 years$7,039
21 years$9,668
23 years$12,298
25 years$14,928

Top Solar Installers in Bloom

Many homeowners opt for a solar panel installer since installing solar panels yourself can be a labor-intensive endeavor. A solar company can also help save you money over time by providing warranties, repairs and component replacements.

If you're on the hunt for a solar company in Bloom, we've organized a list of our top suggestions here:

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Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

See all of the solar companies in Bloom

Factors that Affect Solar Panel Costs in Bloom

There are several factors that can play into your total 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 main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use 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.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Bloom, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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

Most solar companies in Bloom offer solar loans, which reduce the initial cost of installing a solar system.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

Finally, the company you opt for to install your solar panels can influence how much it costs. Bloom’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Bloom have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.55$14,895$11,10614.3 years
8 kW$3.48$19,478$15,19014.0 years
10 kW$3.41$23,870$19,46413.8 years
12 kW$3.34$28,071$23,93013.5 years
14 kW$3.27$32,081$28,58713.2 years
16 kW$3.21$35,900$33,43512.9 years
18 kW$3.14$39,529$38,47312.7 years
20 kW$3.07$42,966$43,70312.4 years

How to Save on Solar Panels

There are numerous companies to choose from in Bloom, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:

  • Warranty: If you’re worried about the longevity of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
  • Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
  • Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
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Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

EcoWatch's Bloom, OH Solar Cost FAQs

What is the average cost of installing solar panels in Bloom?

This is a difficult 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.

What other factors should I consider aside from cost when buying solar panels?

Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Is switching to solar power worth it?

Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.

How often do you have to replace solar panels?

Though 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 the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use 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.