Solar Panel Cost Guide in Corry, PA (2023 Update)
- Corry Solar Installation Cost: $12,370
- 25-Year Savings: $19,218
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Corry
We break down average solar pricing in Corry.
The average cost of a solar panel system in Corry is 2.55 per watt. Because a 6.9-kW system is needed to cover the energy costs of a typical home in Corry, the average price of going solar will be about $12,370 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of going solar can vary based on a few factors, such as what size system you need, your energy usage and what solar installer you go with. Many homeowners find going solar is a solid investment. The average homeowner in Corry can save about $17,000 on their electricity bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Corry
| Year | Return on Investment |
|---|---|
| 1 years | $-11,107 |
| 3 years | $-8,579 |
| 5 years | $-6,052 |
| 7 years | $-3,525 |
| 9 years | $-998 |
| 11 years | $1,529 |
| 13 years | $4,056 |
| 15 years | $6,583 |
| 17 years | $9,110 |
| 19 years | $11,637 |
| 21 years | $14,164 |
| 23 years | $16,691 |
| 25 years | $19,218 |
Top Solar Installers in Corry
Many homeowners choose to hire a solar installation company since installing solar panels by yourself can be hard. Plus, if you're unsure what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
If you're looking for a solar installer in Corry, the EcoWatch team has organized a list of our top suggestions here:
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 Corry
Factors that Affect Solar Panel Costs in Corry
While the average cost of a solar system in Corry is $12,370, your actual cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $2,550 per kilowatt in Corry. The kind of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. 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 how long it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Corry is the company you choose to install your PV system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $16,229 | 10.2 years |
| 8 kW | $2.60 | $14,566 | $21,925 | 10.0 years |
| 10 kW | $2.55 | $17,850 | $27,763 | 9.8 years |
| 12 kW | $2.50 | $20,992 | $33,744 | 9.6 years |
| 14 kW | $2.45 | $23,990 | $39,867 | 9.4 years |
| 16 kW | $2.40 | $26,846 | $46,134 | 9.2 years |
| 18 kW | $2.35 | $29,560 | $52,543 | 9.0 years |
| 20 kW | $2.29 | $32,130 | $59,095 | 8.8 years |
How to Save on Solar Panels
There are numerous companies available in Corry, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
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 Corry, PA Solar Cost FAQs
How much does it cost to install solar panels in Corry?
This is a tough question to answer precisely, because the cost depends on many factors. Generally 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Corry?
Solar panels aren't free in Corry, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Corry is currently $99,900, which means you can expect a value of about $4,096 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Corry is a rewarding investment.
How long do solar panels last in Corry?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.