Solar Panel Cost Guide in Amity, PA (2023 Update)
- Amity Solar Installation Cost: $11,870
- 25-Year Savings: $14,076
- Payback Period: 11.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Amity
We go over average solar pricing in Amity.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Amity, the average cost of solar panels is 2.55 per watt. Using this figure, a typical 6.7-kW system would cost about $11,870 before the 30% federal solar tax credit is applied.
These figures are only averages, and your own solar costs will most likely differ based on the amount of energy your home requires and what company you want to go with. But, after you've paid the initial cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $15,000 over 20 years on energy bills.
To receive a free estimate from a pre-vetted solar installer in Amity, you can click the button below.
Solar savings over time in Amity
| Year | Return on Investment |
|---|---|
| 1 years | $-10,832 |
| 3 years | $-8,757 |
| 5 years | $-6,681 |
| 7 years | $-4,605 |
| 9 years | $-2,529 |
| 11 years | $-454 |
| 13 years | $1,622 |
| 15 years | $3,698 |
| 17 years | $5,774 |
| 19 years | $7,849 |
| 21 years | $9,925 |
| 23 years | $12,001 |
| 25 years | $14,076 |
Top Solar Installers in Amity
Many homeowners choose to hire a solar installation company since trying to put up solar panels on your own can be a labor-intensive endeavor. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be best for your home.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Amity
Factors that Affect Solar Panel Costs in Amity
There are several criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Amity, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable choice because they lower your upfront costs and let you pay for your system over five to seven years on average. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Amity is the company you choose to install your solar system. As with choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that provide a range of services for different budgets. Additionally, some companies in Amity 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 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 | $2.65 | $11,138 | $12,268 | 11.9 years |
| 8 kW | $2.60 | $14,566 | $16,643 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $21,161 | 11.4 years |
| 12 kW | $2.50 | $20,992 | $25,822 | 11.2 years |
| 14 kW | $2.45 | $23,990 | $30,625 | 11.0 years |
| 16 kW | $2.40 | $26,846 | $35,572 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,661 | 10.5 years |
| 20 kW | $2.29 | $32,130 | $45,893 | 10.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: The model of solar panel you'd like to install plays a role in which company you should choose, since different companies offer different panels.
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 Amity, PA Solar Cost FAQs
What is the average cost of installing solar panels in Amity?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Amity is currently $209,668, so you can look forward to a value of about $8,596 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Amity is a rewarding investment.
How long do solar panels last in Amity?
Though 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 decide to replace them once you've had 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.