Solar Panel Cost Guide in Ancient Oaks, PA (Mar 2023)
- Ancient Oaks Solar Installation Cost: $11,924
- 25-Year Savings: $13,030
- Payback Period: 11.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Ancient Oaks
We break down average solar pricing in Ancient Oaks.
The average cost of solar panels in Ancient Oaks is 2.55 per watt. Because a 6.7-kW system is needed to cover the energy needs of a typical home in Ancient Oaks, the average price of going solar will be about $11,924 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual 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 installation company you go with. Despite the significant initial cost, the average Ancient Oaks homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To receive a free estimate from a top solar company in Ancient Oaks, you can click the button below.
Solar savings over time in Ancient Oaks
| Year | Return on Investment |
|---|---|
| 1 years | $-10,926 |
| 3 years | $-8,929 |
| 5 years | $-6,933 |
| 7 years | $-4,937 |
| 9 years | $-2,940 |
| 11 years | $-944 |
| 13 years | $1,052 |
| 15 years | $3,049 |
| 17 years | $5,045 |
| 19 years | $7,041 |
| 21 years | $9,038 |
| 23 years | $11,034 |
| 25 years | $13,030 |
Top Solar Installers in Ancient Oaks
When going solar, many homeowners decide to hire a solar installation company since handling can be a time-consuming project. Companies can also provide access to quality options of the best solar panels and help you choose which one will be best for your family.
If you're on the hunt for a solar company in Ancient Oaks, we've compiled a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Ancient Oaks
Factors that Affect Solar Panel Costs in Ancient Oaks
For many Ancient Oaks homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Ancient Oaks, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The brand of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Most solar companies in Ancient Oaks offer solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also adds to your total costs, so it's vital to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installation company you choose will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $11,287 | 12.4 years |
| 8 kW | $2.60 | $14,566 | $15,335 | 12.2 years |
| 10 kW | $2.55 | $17,850 | $19,525 | 11.9 years |
| 12 kW | $2.50 | $20,992 | $23,859 | 11.7 years |
| 14 kW | $2.45 | $23,990 | $28,335 | 11.5 years |
| 16 kW | $2.40 | $26,846 | $32,954 | 11.2 years |
| 18 kW | $2.35 | $29,560 | $37,716 | 11.0 years |
| 20 kW | $2.29 | $32,130 | $42,620 | 10.7 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Contract: Before you sign a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Ancient Oaks, PA Solar Cost FAQs
How much does it cost to install solar panels in Ancient Oaks?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Ancient Oaks?
Leasing solar panels can be an option if you can't afford to pay upfront or get 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.
Is it worth going solar in Ancient Oaks?
Solar panels can be a fruitful 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 power bills are already pretty 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 average daily sunlight your roof gets. You can take a 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 cover 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.