Solar Panel Cost Guide in Boiling Springs, PA (2023 Update)
- Boiling Springs Solar Installation Cost: $11,888
- 25-Year Savings: $15,256
- Payback Period: 11.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Boiling Springs
Let's have a look at the average cost of solar panels in Boiling Springs.
The national average cost of solar panels is $2.66 per watt, but in Boiling Springs it's 2.55 per watt. Using this figure, a typical 6.7-kW system would cost about $11,888 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely differ based on your specific situation and what company you want to go with. Despite the large initial cost, the average Boiling Springs homeowner can save about $15,000 on their power bills over 20 years, which is one of the advantages of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Boiling Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-10,802 |
| 3 years | $-8,631 |
| 5 years | $-6,459 |
| 7 years | $-4,288 |
| 9 years | $-2,116 |
| 11 years | $55 |
| 13 years | $2,227 |
| 15 years | $4,398 |
| 17 years | $6,570 |
| 19 years | $8,742 |
| 21 years | $10,913 |
| 23 years | $13,085 |
| 25 years | $15,256 |
Top Solar Installers in Boiling Springs
Putting up solar panels by yourself can be a difficult undertaking, which is why getting a solar installer is a good option for many homeowners. Companies can also provide access to quality options of the best solar panels and help you choose which one will be best for you.
If you'd like to make the switch to solar but still aren't sure which solar system installer to go with, here are our suggestions for providers in Boiling Springs:
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 Boiling Springs
Factors that Affect Solar Panel Costs in Boiling Springs
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Boiling Springs: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation 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 $2,550. There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Boiling Springs offer solar loans, which reduce your upfront costs of installing a solar system. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies operating in Boiling Springs, and each can charge varying amounts for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, 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 | $13,307 | 11.4 years |
| 8 kW | $2.60 | $14,566 | $18,028 | 11.2 years |
| 10 kW | $2.55 | $17,850 | $22,892 | 11.0 years |
| 12 kW | $2.50 | $20,992 | $27,899 | 10.7 years |
| 14 kW | $2.45 | $23,990 | $33,048 | 10.5 years |
| 16 kW | $2.40 | $26,846 | $38,341 | 10.3 years |
| 18 kW | $2.35 | $29,560 | $43,776 | 10.1 years |
| 20 kW | $2.29 | $32,130 | $49,354 | 9.9 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
- Installation Process: When making the switch to solar, it's important to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project timeline.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
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 Boiling Springs, PA Solar Cost FAQs
What is the average cost of installing solar panels in Boiling Springs?
This is a difficult question to answer exactly, because the cost depends on a variety of 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 other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Boiling Springs?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How will installing solar panels impact my property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
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 level 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.