Solar Panel Cost Guide in Wellington, OH (2024 Update)
- Wellington Solar Installation Cost: $16,893
- 25-Year Savings: $19,062
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Wellington
Find out what the average cost of a solar system is in Wellington.
The national average cost of solar panels is $2.66 per watt, but in Wellington it’s 3 per watt.Using this figure, a typical 7.1-kW system would cost about $16,893 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Wellington homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar panels is worth paying. On average Wellington homeowners see about $17,000 in savings on utility bills over 20 years.
To receive a free quote from a highly rated solar installer in Wellington, you can click the button below.
Solar savings over time in Wellington
| Year | Return on Investment |
|---|---|
| 1 years | $-15,673 |
| 3 years | $-13,233 |
| 5 years | $-10,792 |
| 7 years | $-8,352 |
| 9 years | $-5,911 |
| 11 years | $-3,471 |
| 13 years | $-1,030 |
| 15 years | $1,410 |
| 17 years | $3,851 |
| 19 years | $6,291 |
| 21 years | $8,732 |
| 23 years | $11,172 |
| 25 years | $13,612 |
Top Solar Installers in Wellington
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make your switch to solar power much easier. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be best for you.
If you’d like to switch to solar energy but still aren’t certain which solar installer to go with, here are our suggestions for providers 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 Wellington
Factors that Affect Solar Panel Costs in Wellington
For many Wellington homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Wellington, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Wellington, one of the most crucial 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 gauge by looking at past electricity bills. Your overall cost can increase by about $3,410 for each additional kilowatt you need.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Wellington average.
Solar Financing Terms
Many homeowners find the average cost of solar in Wellington to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Wellington, and each can charge varying amounts for labor and 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 go with the company that provides the products, warranties and services you’re looking for 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 | $12,018 | 13.8 years |
| 8 kW | $3.48 | $19,478 | $16,406 | 13.6 years |
| 10 kW | $3.41 | $23,870 | $20,984 | 13.3 years |
| 12 kW | $3.34 | $28,071 | $25,754 | 13.0 years |
| 14 kW | $3.27 | $32,081 | $30,715 | 12.8 years |
| 16 kW | $3.21 | $35,900 | $35,866 | 12.5 years |
| 18 kW | $3.14 | $39,529 | $41,209 | 12.2 years |
| 20 kW | $3.07 | $42,966 | $46,743 | 12.0 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: If you care about the endurance of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Wellington, OH Solar Cost FAQs
What is the average cost of installing solar panels in Wellington?
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. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Wellington?
Solar panels aren’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 you can take advantage of.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $897.09 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.