Solar Panel Cost Guide in Wellington, OH (Mar 2023)
- Wellington Solar Installation Cost: $12,687
- 25-Year Savings: $19,057
- Payback Period: 10.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wellington
Find out what the average cost of solar panels are in Wellington.
Although the national average of solar panels is $2.66 per watt, solar panels in Wellington typically cost around 2.56. To cover the typical energy usage of the average home in Wellington, most homeowners require a 7.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,687, or $18,142 before the federal solar tax credit of 30% is applied.
How much you pay can be higher or lower than the average in Wellington based on a few factors, such as the type of solar panels you choose and the solar installer you hire. For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $17,000 in savings on utility bills over 20 years.
To get a free quote from a highly rated solar installation company in Wellington, you can click the button below.
Solar savings over time in Wellington
| Year | Return on Investment |
|---|---|
| 1 years | $-11,418 |
| 3 years | $-8,878 |
| 5 years | $-6,338 |
| 7 years | $-3,799 |
| 9 years | $-1,259 |
| 11 years | $1,280 |
| 13 years | $3,820 |
| 15 years | $6,359 |
| 17 years | $8,899 |
| 19 years | $11,438 |
| 21 years | $13,978 |
| 23 years | $16,518 |
| 25 years | $19,057 |
Top Solar Installers in Wellington
When making the switch to solar, many homeowners decide to use a solar company since DIY solar panel installation can be a challenging project. The expertise that solar companies offer can be invaluable as well, especially if you don't quite know what type of solar equipment you need.
Working with a professional 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 (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Wellington
Factors that Affect Solar Panel Costs in Wellington
Though the average cost of a solar system in Wellington is $12,687, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The model of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Wellington, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your overall costs, so it's crucial to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Wellington is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets. You may notice national solar installers that have lower prices because of their larger 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 | $15,731 | 10.4 years |
| 8 kW | $2.61 | $14,623 | $21,261 | 10.2 years |
| 10 kW | $2.56 | $17,920 | $26,934 | 10.0 years |
| 12 kW | $2.51 | $21,074 | $32,751 | 9.8 years |
| 14 kW | $2.46 | $24,084 | $38,712 | 9.6 years |
| 16 kW | $2.41 | $26,952 | $44,815 | 9.4 years |
| 18 kW | $2.36 | $29,676 | $51,062 | 9.2 years |
| 20 kW | $2.30 | $32,256 | $57,453 | 9.0 years |
How to Save on Solar Panels
There are numerous companies to choose from in Wellington, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar installer, make sure you look it over 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.
- Solar Panel Brands: Different companies will have different brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Wellington, OH Solar Cost FAQs
How much does it cost to install solar panels in Wellington?
This is a difficult 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Wellington?
A solar panel system isn't free in Wellington, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Wellington?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had 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.