Solar Panel Cost Guide in Castle Shannon, PA (2024 Update)
- Castle Shannon Solar Installation Cost: $17,320
- 25-Year Savings: $12,938
- Payback Period: 17.1 Years
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Average Cost of Solar Panels in Castle Shannon
We go over average solar pricing in Castle Shannon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Castle Shannon, the average cost of solar panels is 4 per watt.The average solar panel system size in Castle Shannon is around 7.0 kilowatts, meaning a cost of about $17,320 for a solar installation, or $24,768 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Castle Shannon homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the high upfront cost, the average Castle Shannon homeowner can save about $14,000 on their power bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar company in Castle Shannon for a quote for your home.
Solar savings over time in Castle Shannon
| Year | Return on Investment |
|---|---|
| 1 years | $-15,683 |
| 3 years | $-12,410 |
| 5 years | $-9,136 |
| 7 years | $-5,862 |
| 9 years | $-2,588 |
| 11 years | $686 |
| 13 years | $3,960 |
| 15 years | $7,233 |
| 17 years | $10,507 |
| 19 years | $13,781 |
| 21 years | $17,055 |
| 23 years | $20,329 |
| 25 years | $23,603 |
Top Solar Installers in Castle Shannon
When going solar, many homeowners decide to hire a solar company since DIY solar panel installation can be a difficult project. Plus, if you’re unsure what kind of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Castle Shannon:
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 Castle Shannon
Factors that Affect Solar Panel Costs in Castle Shannon
The cost of installing a solar system in Castle Shannon can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher 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.The model of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. 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
Many homeowners find the average cost of solar in Castle Shannon to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can play a role in determining the cost. Castle Shannon’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies 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 | $3.69 | $15,506 | $6,341 | 17.7 years |
| 8 kW | $3.62 | $20,278 | $8,852 | 17.4 years |
| 10 kW | $3.55 | $24,850 | $11,562 | 17.1 years |
| 12 kW | $3.48 | $29,224 | $14,470 | 16.7 years |
| 14 kW | $3.41 | $33,398 | $17,578 | 16.4 years |
| 16 kW | $3.34 | $37,374 | $20,884 | 16.0 years |
| 18 kW | $3.27 | $41,152 | $24,389 | 15.7 years |
| 20 kW | $3.19 | $44,730 | $28,093 | 15.4 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. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: Before you sign a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, 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 Castle Shannon, PA Solar Cost FAQs
How much does it cost to install solar panels in Castle Shannon?
This is a tough question to answer exactly, because the cost depends on a variety of 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 cost more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Castle Shannon?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The drawback 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Does Castle Shannon have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can 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 account for 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.