Solar Panel Cost Guide in Bedminster, PA (2023 Update)
- Bedminster Solar Installation Cost: $11,745
- 25-Year Savings: $14,032
- Payback Period: 11.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Bedminster
Let's have a look at the average cost of solar in Bedminster.
Although the national average of solar panels is $2.66 per watt, solar panels in Bedminster generally cost around 2.55. Because a 6.6-kW system is needed to cover the energy usage of a typical home in Bedminster, the average price of going solar will be about $11,745 after claiming the federal solar tax credit of 30%.
The true cost of your system can be higher or lower than the average in Bedminster depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $15,000 in savings on energy bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Bedminster
| Year | Return on Investment |
|---|---|
| 1 years | $-10,714 |
| 3 years | $-8,652 |
| 5 years | $-6,590 |
| 7 years | $-4,528 |
| 9 years | $-2,465 |
| 11 years | $-403 |
| 13 years | $1,659 |
| 15 years | $3,721 |
| 17 years | $5,783 |
| 19 years | $7,845 |
| 21 years | $9,908 |
| 23 years | $11,970 |
| 25 years | $14,032 |
Top Solar Installers in Bedminster
Although it's possible to install solar panels by yourself, it involves extra effort and know-how. For that reason, most homeowners choose to hire a solar panel installer. Some solar installers, especially local ones, can help you take advantage of incentives in Bedminster, therefore optimizing your ROI.
If you'd like to start using solar energy but still aren't certain which solar panel company to go with, here are our recommendations for providers near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Bedminster
Factors that Affect Solar Panel Costs in Bedminster
For many Bedminster homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Bedminster, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in Bedminster, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $2,550 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want 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
If paying for solar panels in cash is too expensive, solar loans are a popular route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you 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 installer you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in Bedminster, and each can charge varying amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.65 | $11,138 | $12,354 | 11.9 years |
| 8 kW | $2.60 | $14,566 | $16,758 | 11.6 years |
| 10 kW | $2.55 | $17,850 | $21,305 | 11.4 years |
| 12 kW | $2.50 | $20,992 | $25,994 | 11.2 years |
| 14 kW | $2.45 | $23,990 | $30,826 | 10.9 years |
| 16 kW | $2.40 | $26,846 | $35,801 | 10.7 years |
| 18 kW | $2.35 | $29,560 | $40,919 | 10.5 years |
| 20 kW | $2.29 | $32,130 | $46,179 | 10.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Contract: It's important to read your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Bedminster, PA Solar Cost FAQs
How much does it cost to install solar panels in Bedminster?
The average cost of solar panels in Bedminster is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a good investment for many 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 the amount of 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 buy between 20 and 35 panels to account for 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.