Solar Panel Cost Guide in Wellston, OH (2023 Update)
- Wellston Solar Installation Cost: $13,243
- 25-Year Savings: $30,941
- Payback Period: 7.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wellston
Find out what the average cost of a solar system is in Wellston.
While the national average of solar panels is $2.66 per watt, solar panels in Wellston generally cost around 2.56. Since a 7.4-kW system is needed to cover the energy usage of a typical home in Wellston, the average price of going solar will be about $13,243 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of equipment you want to get, your solar contractor and more. With average savings of about $23,000 on electricity bills over 20 years, many homeowners in Wellston find installing solar panels can pay off big.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Wellston
| Year | Return on Investment |
|---|---|
| 1 years | $-11,476 |
| 3 years | $-7,941 |
| 5 years | $-4,406 |
| 7 years | $-871 |
| 9 years | $2,663 |
| 11 years | $6,198 |
| 13 years | $9,733 |
| 15 years | $13,268 |
| 17 years | $16,802 |
| 19 years | $20,337 |
| 21 years | $23,872 |
| 23 years | $27,406 |
| 25 years | $30,941 |
Top Solar Installers in Wellston
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 swap to solar power much easier. Some solar companies, particularly local ones, can help you better understand incentives in Wellston, thereby optimizing your ROI.
If you're searching for a solar installer in Wellston, we've organized a list of our top suggestions here:
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 Wellston
Factors that Affect Solar Panel Costs in Wellston
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Wellston: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,560. There are many different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also cost more. Plus, 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 steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Wellston, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Wellston are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.66 | $11,182 | $24,685 | 7.8 years |
| 8 kW | $2.61 | $14,623 | $33,200 | 7.6 years |
| 10 kW | $2.56 | $17,920 | $41,858 | 7.5 years |
| 12 kW | $2.51 | $21,074 | $50,660 | 7.3 years |
| 14 kW | $2.46 | $24,084 | $59,605 | 7.2 years |
| 16 kW | $2.41 | $26,952 | $68,694 | 7.0 years |
| 18 kW | $2.36 | $29,676 | $77,926 | 6.9 years |
| 20 kW | $2.30 | $32,256 | $87,301 | 6.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
- Contract: Before signing a contract with a solar installer, be sure to read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: If you care about the longevity of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies will have various brands and kinds 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Wellston, OH Solar Cost FAQs
How much does it cost to install solar panels in Wellston?
This is a hard question to answer exactly, because the cost depends on many 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Wellston have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
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 should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt 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.