Solar Panel Cost Guide in Allen, PA (2024 Update)
- Allen Solar Installation Cost: $16,665
- 25-Year Savings: $12,983
- Payback Period: 16.7 Years
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Average Cost of Solar Panels in Allen
Let’s take a look at the average cost of solar panels in Allen.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Allen, the typical cost of solar panels is 4 per watt.To account for the typical energy needs of the average home in Allen, most homeowners require a 6.7-kilowatt system. Using the figure above, a solar installation costs about $16,665, or $23,831 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 true cost of installing solar panels can vary depending on several factors, such as how many panels you need, your energy consumption and what installation company you go with.Even with the high upfront cost, the average Allen homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Allen
| Year | Return on Investment |
|---|---|
| 1 years | $-15,422 |
| 3 years | $-12,936 |
| 5 years | $-10,450 |
| 7 years | $-7,964 |
| 9 years | $-5,478 |
| 11 years | $-2,992 |
| 13 years | $-506 |
| 15 years | $1,980 |
| 17 years | $4,466 |
| 19 years | $6,952 |
| 21 years | $9,438 |
| 23 years | $11,923 |
| 25 years | $14,409 |
Top Solar Installers in Allen
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make your swap to solar power much easier. The expertise that solar installers provide can be helpful as well, especially if you don’t quite know what brand of solar equipment you need.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Allen
Factors that Affect Solar Panel Costs in Allen
The cost of installing a solar system in Allen can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Allen, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $3,550 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Allen provide solar loans, which reduce the initial cost of installing solar.While solar loans make going solar more accessible for Allen 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 avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can play a part in determining your pricing. Allen’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that has the products, warranties and services you’re looking for and also is within your budget.
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 | $6,820 | 17.4 years |
| 8 kW | $3.62 | $20,278 | $9,490 | 17.0 years |
| 10 kW | $3.55 | $24,850 | $12,360 | 16.7 years |
| 12 kW | $3.48 | $29,224 | $15,428 | 16.4 years |
| 14 kW | $3.41 | $33,398 | $18,695 | 16.0 years |
| 16 kW | $3.34 | $37,374 | $22,161 | 15.7 years |
| 18 kW | $3.27 | $41,152 | $25,826 | 15.4 years |
| 20 kW | $3.19 | $44,730 | $29,690 | 15.0 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 decide on the right company for you, here are some tips to keep in mind:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Installation Process: When making the switch to solar power, it’s crucial to keep an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
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 Allen, PA Solar Cost FAQs
How much does it cost to install solar panels in Allen?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Allen?
You can’t get solar panels for free in Allen. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Allen is currently $321,990, which means you can look forward to a value of about $13,202 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Allen is a fruitful investment.
How long do solar panels last in Allen?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.