Solar Panel Cost Guide in Bangor, PA (2024 Update)
- Bangor Solar Installation Cost: $16,665
- 25-Year Savings: $13,627
- Payback Period: 16.3 Years
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Average Cost of Solar Panels in Bangor
Let’s have a look at the average cost of solar panels in Bangor.
The national average cost of solar panels is $2.66 per watt, but in Bangor it’s 4 per watt.Using this figure, a typical 6.7-kW system would cost about $16,665 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of installing solar panels can vary based on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Bangor can save around $15,000 on their power bills over 20 years.
To get a free quote from a highly rated solar installation company in Bangor, you can click the button below.
Solar savings over time in Bangor
| 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 Bangor
When making the switch to solar, many homeowners choose to hire a solar installation company since putting up a solar system yourself can be a time-consuming project. The expertise that solar installers offer can be helpful as well, particularly if you don’t quite know what type of solar equipment would be right for your home.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Bangor
Factors that Affect Solar Panel Costs in Bangor
The cost of installing a solar system in Bangor 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 you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Bangor, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by about $3,550 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Bangor to be too costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time because of interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Bangor is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, you’ll have many options for solar installers that offer a range of services at different costs.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $7,395 | 16.9 years |
| 8 kW | $3.62 | $20,278 | $10,258 | 16.6 years |
| 10 kW | $3.55 | $24,850 | $13,319 | 16.3 years |
| 12 kW | $3.48 | $29,224 | $16,579 | 16.0 years |
| 14 kW | $3.41 | $33,398 | $20,038 | 15.6 years |
| 16 kW | $3.34 | $37,374 | $23,696 | 15.3 years |
| 18 kW | $3.27 | $41,152 | $27,553 | 15.0 years |
| 20 kW | $3.19 | $44,730 | $31,608 | 14.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- 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 cost.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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 Bangor, PA Solar Cost FAQs
What is the average cost of installing solar panels in Bangor?
This is a hard question to answer precisely, because the cost depends on a few different 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
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 Bangor is currently $288,717, so you can expect a value of about $11,837 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Bangor is a rewarding investment.
How long do solar panels last in Bangor?
On average, solar panels can last 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.