Solar Panel Cost Guide in Boalsburg, PA (2024 Update)
- Boalsburg Solar Installation Cost: $17,416
- 25-Year Savings: $8,534
- Payback Period: 20.7 Years
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Average Cost of Solar Panels in Boalsburg
Find out how much it might cost to go solar in Boalsburg.
The average cost of solar panels in Boalsburg is 4 per watt.The average Boalsburg homeowner needs a 7.0-kilowatt system, which would cost about $17,416 with the federal tax credit, or $24,905 before the 0 tax credit is applied.
These figures are just estimates, and how much solar costs for you may differ based on your specific situation and what company you go with.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $11,000 over 20 years on power bills.
You can click the button below to get connected with a top solar company in Boalsburg for a quote for your home.
Solar savings over time in Boalsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-16,333 |
| 3 years | $-14,167 |
| 5 years | $-12,002 |
| 7 years | $-9,836 |
| 9 years | $-7,670 |
| 11 years | $-5,504 |
| 13 years | $-3,338 |
| 15 years | $-1,172 |
| 17 years | $993 |
| 19 years | $3,159 |
| 21 years | $5,325 |
| 23 years | $7,491 |
| 25 years | $9,657 |
Top Solar Installers in Boalsburg
Although you can install solar panels by yourself, it involves extra effort and handiness. Because of that, almost all homeowners choose to hire a solar panel installer. Some solar installers, especially local ones, can help you better understand incentives in Boalsburg, therefore optimizing your ROI.
If you're looking for a solar company in Boalsburg, we've compiled a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Boalsburg
Factors that Affect Solar Panel Costs in Boalsburg
Though the average cost of a solar system in Boalsburg is $17,416, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,550.There are several different solar panel brands and the one you pick also changes the cost. In general, the brands that are more efficient tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular route because they lower your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also adds to your total costs, so it’s crucial to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can influence how much you pay. Boalsburg’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger 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 | $3.69 | $15,506 | $2,509 | 21.5 years |
| 8 kW | $3.62 | $20,278 | $3,743 | 21.1 years |
| 10 kW | $3.55 | $24,850 | $5,176 | 20.7 years |
| 12 kW | $3.48 | $29,224 | $6,808 | 20.3 years |
| 14 kW | $3.41 | $33,398 | $8,638 | 19.9 years |
| 16 kW | $3.34 | $37,374 | $10,667 | 19.4 years |
| 18 kW | $3.27 | $41,152 | $12,895 | 19.0 years |
| 20 kW | $3.19 | $44,730 | $15,322 | 18.6 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 brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations 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 take a look at their list of options before making your decision.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Boalsburg, PA Solar Cost FAQs
How much does it cost to install solar panels in Boalsburg?
The average cost of solar panels in Boalsburg is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Boalsburg?
Leasing solar panels can be an option if you are unable 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 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 bang for your buck from going solar.
How will installing solar panels impact how much my home is worth?
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 Boalsburg is currently $389,707, so you can look forward to a value of about $15,978 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Boalsburg is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.