Solar Panel Cost Guide in Bangor, PA (Mar 2023)
- Bangor Solar Installation Cost: $11,977
- 25-Year Savings: $13,620
- Payback Period: 11.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Bangor
We go over average solar pricing in Bangor.
The average cost of a solar system in Bangor is 2.55 per watt. Since a 6.7-kW system is needed to cover the energy costs of a typical home in Bangor, the average price of going solar will be about $11,977 after claiming the federal solar tax credit of 30%.
The actual price you pay can be higher or lower than the average in Bangor depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. Many homeowners find going solar is a solid investment. The average homeowner in Bangor can save around $15,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a personalized quote.
Solar savings over time in Bangor
| Year | Return on Investment |
|---|---|
| 1 years | $-10,953 |
| 3 years | $-8,906 |
| 5 years | $-6,858 |
| 7 years | $-4,810 |
| 9 years | $-2,762 |
| 11 years | $-715 |
| 13 years | $1,333 |
| 15 years | $3,381 |
| 17 years | $5,429 |
| 19 years | $7,477 |
| 21 years | $9,524 |
| 23 years | $11,572 |
| 25 years | $13,620 |
Top Solar Installers in Bangor
Although you can install solar panels by yourself, it requires extra labor and know-how. That's one of the reasons almost all homeowners choose to go with a solar panel installer. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
There are a number of licensed solar professionals that can install solar panels for you. 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
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 Bangor
Factors that Affect Solar Panel Costs in Bangor
There are several factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $2,550 per kilowatt in Bangor. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Bangor average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Bangor homeowners choose to finance their solar panel systems to make going solar more affordable. While solar loans make going solar more accessible for Bangor homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
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 choose to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that offer a range of services for different budgets. Companies that only sell high-efficiency and high-priced 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 provides the products, warranties and services you're looking for and also fits 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 | $2.65 | $11,138 | $11,763 | 12.2 years |
| 8 kW | $2.60 | $14,566 | $15,970 | 11.9 years |
| 10 kW | $2.55 | $17,850 | $20,319 | 11.7 years |
| 12 kW | $2.50 | $20,992 | $24,811 | 11.5 years |
| 14 kW | $2.45 | $23,990 | $29,446 | 11.2 years |
| 16 kW | $2.40 | $26,846 | $34,224 | 11.0 years |
| 18 kW | $2.35 | $29,560 | $39,145 | 10.8 years |
| 20 kW | $2.29 | $32,130 | $44,208 | 10.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
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 Bangor, PA Solar Cost FAQs
What is the average cost of installing solar panels in Bangor?
The average cost of solar panels in Bangor is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Bangor?
Leasing solar panels can be an option if you can't afford to 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 home 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 solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $763.38 per year.
How often do you have to replace solar panels?
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.