Solar Panel Cost Guide in Conoy, PA (2023 Update)
- Conoy Solar Installation Cost: $11,727
- 25-Year Savings: $13,355
- Payback Period: 11.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Conoy
Let's have a look at the average cost of solar panels in Conoy.
The national average cost of solar panels is $2.66 per watt, but in Conoy it's 2.55 per watt. Since a 6.6-kW system is needed to cover the energy costs of a typical home in Conoy, the average price of going solar will be about $11,727 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. But, once you've paid the initial cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $15,000 over 20 years on electricity bills.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Conoy
| Year | Return on Investment |
|---|---|
| 1 years | $-10,724 |
| 3 years | $-8,718 |
| 5 years | $-6,711 |
| 7 years | $-4,704 |
| 9 years | $-2,698 |
| 11 years | $-691 |
| 13 years | $1,316 |
| 15 years | $3,322 |
| 17 years | $5,329 |
| 19 years | $7,335 |
| 21 years | $9,342 |
| 23 years | $11,349 |
| 25 years | $13,355 |
Top Solar Installers in Conoy
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with a solar panel installer can make your switch to solar power much easier. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
There are various 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
See all of the solar companies in Conoy
Factors that Affect Solar Panel Costs in Conoy
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Conoy: 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
One of the most important factors to consider when it comes to the cost of going solar 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 spend around $2,550 per kilowatt in Conoy. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 in the long run on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the Conoy average.
Solar Financing Terms
Many homeowners find the average cost of solar in Conoy to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can impact how much it costs. Conoy's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Conoy have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $11,761 | 12.2 years |
| 8 kW | $2.60 | $14,566 | $15,967 | 11.9 years |
| 10 kW | $2.55 | $17,850 | $20,316 | 11.7 years |
| 12 kW | $2.50 | $20,992 | $24,807 | 11.5 years |
| 14 kW | $2.45 | $23,990 | $29,441 | 11.2 years |
| 16 kW | $2.40 | $26,846 | $34,219 | 11.0 years |
| 18 kW | $2.35 | $29,560 | $39,138 | 10.8 years |
| 20 kW | $2.29 | $32,130 | $44,201 | 10.5 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: Before signing a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Companies that have been operating for many years likely have a high 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.
- Installation Process: When making the switch to solar power, it's essential to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project timeline.
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 Conoy, PA Solar Cost FAQs
How much does it cost to install solar panels in Conoy?
The average cost of solar panels in Conoy 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Conoy?
Leasing solar panels can be an option if you are unable 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 property 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.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Conoy is currently $200,939, so you can look forward to a value of about $8,238 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Conoy is a rewarding investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 get between 20 and 35 panels to cover 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.