Solar Panel Cost Guide in Wellston, OH (2024 Update)
- Wellston Solar Installation Cost: $17,643
- 25-Year Savings: $30,939
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Wellston
Find out what the average cost of installing solar panels is in Wellston.
The national average cost of solar panels is $2.66 per watt, but in Wellston it’s 3 per watt.To account for the typical energy usage of the average home in Wellston, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs around $17,643, or $25,229 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more.Many homeowners find going solar is a rewarding investment. The average homeowner in Wellston can save around $23,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Wellston
| Year | Return on Investment |
|---|---|
| 1 years | $-15,919 |
| 3 years | $-12,473 |
| 5 years | $-9,026 |
| 7 years | $-5,579 |
| 9 years | $-2,132 |
| 11 years | $1,315 |
| 13 years | $4,761 |
| 15 years | $8,208 |
| 17 years | $11,655 |
| 19 years | $15,102 |
| 21 years | $18,549 |
| 23 years | $21,996 |
| 25 years | $25,442 |
Top Solar Installers in Wellston
Although you can install solar panels on your own, it requires extra effort and know-how. That's one of the reasons most people choose to go with a solar panel installer. Another benefit of using a solar installer is that they can help you make the most of your return of investment by bringing down your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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 Wellston
Factors that Affect Solar Panel Costs in Wellston
For many Wellston homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Wellston, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,410. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Wellston to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.While solar loans make adopting solar energy more accessible for Wellston homeowners, they can also increase 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
The solar panel installation company you pick will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Wellston know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $20,972 | 10.4 years |
| 8 kW | $3.48 | $19,478 | $28,345 | 10.2 years |
| 10 kW | $3.41 | $23,870 | $35,908 | 10.0 years |
| 12 kW | $3.34 | $28,071 | $43,663 | 9.8 years |
| 14 kW | $3.27 | $32,081 | $51,608 | 9.6 years |
| 16 kW | $3.21 | $35,900 | $59,745 | 9.4 years |
| 18 kW | $3.14 | $39,529 | $68,072 | 9.2 years |
| 20 kW | $3.07 | $42,966 | $76,591 | 9.0 years |
How to Save on Solar Panels
There are a large number of companies available in Wellston, 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: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Warranty: If you care about the durability of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of 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 past customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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 Wellston, OH Solar Cost FAQs
How much does it cost to install solar panels in Wellston?
The average cost of solar panels in Wellston is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Wellston?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is going solar worth it?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can 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 install between 20 and 35 panels to cover 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.