Solar Panel Cost Guide in Duryea, PA (2023 Update)
- Duryea Solar Installation Cost: $12,406
- 25-Year Savings: $11,905
- Payback Period: 12.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Duryea
Here's how much it might cost to go solar in Duryea.
The national average cost of solar panels is $2.66 per watt, but in Duryea it's 2.55 per watt. Since a 7.0-kW system is needed to cover the energy usage of a typical home in Duryea, the average price of going solar will be about $12,406 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 installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with. For many homeowners, the upfront cost of solar is worth paying. On average Duryea homeowners see about $13,000 in savings on utility bills over 20 years.
Click the button below to get connected to a highly rated solar installer in Duryea for a customized quote.
Solar savings over time in Duryea
| Year | Return on Investment |
|---|---|
| 1 years | $-11,433 |
| 3 years | $-9,488 |
| 5 years | $-7,544 |
| 7 years | $-5,599 |
| 9 years | $-3,654 |
| 11 years | $-1,709 |
| 13 years | $236 |
| 15 years | $2,181 |
| 17 years | $4,126 |
| 19 years | $6,070 |
| 21 years | $8,015 |
| 23 years | $9,960 |
| 25 years | $11,905 |
Top Solar Installers in Duryea
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using an installer can make your swap to solar power much easier. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.
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 Duryea
Factors that Affect Solar Panel Costs in Duryea
The cost of installing a solar system in Duryea can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Duryea average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. 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're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Duryea is the company you hire to install your PV system. As with choosing a company to install new cabinets, for instance, you'll have many options for solar installers that provide a range of services for different budgets. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $9,857 | 13.3 years |
| 8 kW | $2.60 | $14,566 | $13,428 | 13.0 years |
| 10 kW | $2.55 | $17,850 | $17,142 | 12.8 years |
| 12 kW | $2.50 | $20,992 | $20,999 | 12.5 years |
| 14 kW | $2.45 | $23,990 | $24,998 | 12.2 years |
| 16 kW | $2.40 | $26,846 | $29,141 | 12.0 years |
| 18 kW | $2.35 | $29,560 | $33,426 | 11.7 years |
| 20 kW | $2.29 | $32,130 | $37,854 | 11.5 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:
- Solar Panel Brands: The brand of solar panel you'd like to install plays a part in which installer you should opt for, since different companies provide different panels.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Duryea, PA Solar Cost FAQs
How much does it cost to install solar panels in Duryea?
This is a difficult question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Duryea?
Leasing solar panels can be an appealing choice, as 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on power bills after switching to solar?
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 $699.84 per year.
How long do solar panels last in Duryea?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.