Solar Panel Cost Guide in Bridgeport, WV (2024 Update)
- Bridgeport Solar Installation Cost: $27,013
- 25-Year Savings: $27,023
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Bridgeport
Let’s take a look at the average cost of solar in Bridgeport.
Although the national average of solar panels is $2.66 per watt, solar panels in Bridgeport typically cost around 3.The average Bridgeport homeowner needs a 11.4-kilowatt system, which would cost about $27,013 with the federal tax credit, or $38,629 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what company you go with.Even with the high upfront cost, the average Bridgeport homeowner can save about $16,000 on their energy bills over 20 years, which is one of the advantages of solar.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Bridgeport
| Year | Return on Investment |
|---|---|
| 1 years | $-25,584 |
| 3 years | $-22,725 |
| 5 years | $-19,866 |
| 7 years | $-17,007 |
| 9 years | $-14,148 |
| 11 years | $-11,289 |
| 13 years | $-8,430 |
| 15 years | $-5,571 |
| 17 years | $-2,712 |
| 19 years | $147 |
| 21 years | $3,006 |
| 23 years | $5,865 |
| 25 years | $8,724 |
Top Solar Installers in Bridgeport
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring an installer can make converting to solar power much easier. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you’d like to start using solar energy but still aren’t certain which solar company to go with, here are our suggestions for providers in Bridgeport:
See all of the solar companies in Bridgeport
Factors that Affect Solar Panel Costs in Bridgeport
The cost of installing a solar system in Bridgeport can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,390.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Bridgeport to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Bridgeport, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Bridgeport have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $3.53 | $14,808 | $10,524 | 14.6 years |
| 8 kW | $3.46 | $19,364 | $14,411 | 14.3 years |
| 10 kW | $3.39 | $23,730 | $18,488 | 14.1 years |
| 12 kW | $3.32 | $27,906 | $22,756 | 13.8 years |
| 14 kW | $3.25 | $31,893 | $27,213 | 13.5 years |
| 16 kW | $3.19 | $35,690 | $31,860 | 13.2 years |
| 18 kW | $3.12 | $39,297 | $36,696 | 12.9 years |
| 20 kW | $3.05 | $42,714 | $41,723 | 12.6 years |
How to Save on Solar Panels
There are a lot of companies available in Bridgeport, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: Different companies carry different brands and types of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
EcoWatch's Bridgeport, WV Solar Cost FAQs
What is the average cost of installing solar panels in Bridgeport?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,950 for a 5-kW system and $33,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Bridgeport?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Bridgeport?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Bridgeport?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use 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.