Solar Panel Cost Guide in Coolbaugh, PA (2023 Update)
- Coolbaugh Solar Installation Cost: $12,141
- 25-Year Savings: $12,170
- Payback Period: 12.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Coolbaugh
Find out what the average cost of solar panels are in Coolbaugh.
The average cost of a solar system in Coolbaugh is 2.55 per watt. To account for the typical energy needs of the average home in Coolbaugh, most homeowners require a 6.8-kilowatt system. Using the figure above, a solar installation costs about $12,138, or $17,357 before the federal solar tax credit of 30% is applied.
The true cost of your system can be above or below the average in Coolbaugh depending on a few factors, such as the model of solar panels you choose and the solar contractor you hire. With typical savings of about $14,000 on energy bills over 20 years, many homeowners in Coolbaugh find installing solar panels can be quite rewarding.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Coolbaugh
| Year | Return on Investment |
|---|---|
| 1 years | $-10,795 |
| 3 years | $-8,104 |
| 5 years | $-5,413 |
| 7 years | $-2,722 |
| 9 years | $-31 |
| 11 years | $2,661 |
| 13 years | $5,352 |
| 15 years | $8,043 |
| 17 years | $10,734 |
| 19 years | $13,425 |
| 21 years | $16,117 |
| 23 years | $18,808 |
| 25 years | $21,499 |
Top Solar Installers in Coolbaugh
When making the switch to solar, many homeowners prefer to go with a solar installation company since overseeing your solar installation yourself can be a challenging project. Plus, if you aren't sure what brand of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
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
See all of the solar companies in Coolbaugh
Factors that Affect Solar Panel Costs in Coolbaugh
Though the average cost of a solar system in Coolbaugh is $12,138, your actual cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,550. The kind of solar equipment you choose can bring your price up or down 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. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Coolbaugh average.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable option because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Although solar loans make adopting solar energy more accessible for Coolbaugh homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Coolbaugh is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Coolbaugh have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $10,307 | 13.0 years |
| 8 kW | $2.60 | $14,566 | $14,028 | 12.7 years |
| 10 kW | $2.55 | $17,850 | $17,892 | 12.5 years |
| 12 kW | $2.50 | $20,992 | $21,899 | 12.2 years |
| 14 kW | $2.45 | $23,990 | $26,049 | 12.0 years |
| 16 kW | $2.40 | $26,846 | $30,341 | 11.7 years |
| 18 kW | $2.35 | $29,560 | $34,777 | 11.5 years |
| 20 kW | $2.29 | $32,130 | $39,355 | 11.2 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose significantly impacts your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Different companies have various brands and types of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: When making the switch to solar, it's crucial to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the project completion timeline.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Warranty: If you care about the longevity of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Coolbaugh, PA Solar Cost FAQs
How much does it cost to install solar panels in Coolbaugh?
This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Coolbaugh?
You can't get solar panels for free in Coolbaugh. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $714.85 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption 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 install 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.