Solar Panel Cost Guide in Bedminster, PA (2024 Update)
- Bedminster Solar Installation Cost: $16,360
- 25-Year Savings: $14,026
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Bedminster
Let’s take a look at the average cost of solar panels in Bedminster.
The average cost of solar panels in Bedminster is 4 per watt.To cover the typical energy usage of the average home in Bedminster, most homeowners require a 6.6-kilowatt system. Using the figure above, a solar installation costs about $16,360, or $23,395 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of going solar can vary depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $15,000 over 20 years on utility bills.
You can click the button below to get connected with a vetted solar company in Bedminster for a quote for your home.
Solar savings over time in Bedminster
| Year | Return on Investment |
|---|---|
| 1 years | $-15,087 |
| 3 years | $-12,541 |
| 5 years | $-9,995 |
| 7 years | $-7,449 |
| 9 years | $-4,903 |
| 11 years | $-2,357 |
| 13 years | $189 |
| 15 years | $2,735 |
| 17 years | $5,281 |
| 19 years | $7,826 |
| 21 years | $10,372 |
| 23 years | $12,918 |
| 25 years | $15,464 |
Top Solar Installers in Bedminster
Many homeowners opt for a solar installation company since trying to install solar panels by yourself can be a lot of work. Another good thing about choosing a reliable solar installer is that it'll provide warranties and free repairs, which help protect your investment.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Bedminster:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Bedminster
Factors that Affect Solar Panel Costs in Bedminster
Even though the average cost of a solar system in Bedminster is $16,360, your final cost may differ. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,550 per kilowatt in Bedminster.There are several different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.Although solar loans make switching to solar energy more accessible for Bedminster homeowners, they can also add to the total you pay for your system due to interest. 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 company you go with to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies in Bedminster, and each can charge different amounts for labor and equipment.Additionally, some companies in Bedminster know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $3.69 | $15,506 | $7,986 | 16.5 years |
| 8 kW | $3.62 | $20,278 | $11,046 | 16.2 years |
| 10 kW | $3.55 | $24,850 | $14,305 | 15.9 years |
| 12 kW | $3.48 | $29,224 | $17,762 | 15.5 years |
| 14 kW | $3.41 | $33,398 | $21,418 | 15.2 years |
| 16 kW | $3.34 | $37,374 | $25,273 | 14.9 years |
| 18 kW | $3.27 | $41,152 | $29,327 | 14.6 years |
| 20 kW | $3.19 | $44,730 | $33,579 | 14.3 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose greatly influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Bedminster, PA Solar Cost FAQs
What is the average cost of installing solar panels in Bedminster?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $17,750 for a 5-kW system and $35,500 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 consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Bedminster?
You can’t get solar panels for free in Bedminster. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is switching to solar power worth it?
Solar panels can be a good investment for a majority 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?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.