Solar Panel Cost Guide in East Goshen, PA (2024 Update)
- East Goshen Solar Installation Cost: $16,246
- 25-Year Savings: $16,011
- Payback Period: 15.2 Years
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Average Cost of Solar Panels in East Goshen
Let’s have a look at the average cost of solar in East Goshen.
The average cost of solar panels in East Goshen is 4 per watt.Using this figure, a typical 6.5-kW system would cost about $16,246 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 East Goshen homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $15,000 over 20 years on electricity bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in East Goshen
| Year | Return on Investment |
|---|---|
| 1 years | $-14,955 |
| 3 years | $-12,375 |
| 5 years | $-9,794 |
| 7 years | $-7,214 |
| 9 years | $-4,633 |
| 11 years | $-2,053 |
| 13 years | $528 |
| 15 years | $3,108 |
| 17 years | $5,689 |
| 19 years | $8,270 |
| 21 years | $10,850 |
| 23 years | $13,431 |
| 25 years | $16,011 |
Top Solar Installers in East Goshen
Although it's possible to install solar panels yourself, it involves extra energy and handiness. Because of that, the majority of homeowners choose to go with a solar panel installer. Another great thing about going with a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
If you're looking for a solar company in East Goshen, the EcoWatch team has compiled a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in East Goshen
Factors that Affect Solar Panel Costs in East Goshen
The cost of installing a solar system in East Goshen can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like East Goshen, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many East Goshen homeowners choose to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also increases your total costs, so it’s crucial to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you pick will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that has the products, warranties and services you want and also fit into 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 | $8,948 | 15.9 years |
| 8 kW | $3.62 | $20,278 | $12,329 | 15.5 years |
| 10 kW | $3.55 | $24,850 | $15,908 | 15.2 years |
| 12 kW | $3.48 | $29,224 | $19,686 | 14.9 years |
| 14 kW | $3.41 | $33,398 | $23,662 | 14.6 years |
| 16 kW | $3.34 | $37,374 | $27,838 | 14.3 years |
| 18 kW | $3.27 | $41,152 | $32,212 | 14.0 years |
| 20 kW | $3.19 | $44,730 | $36,785 | 13.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the completion timeline.
- 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 brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's East Goshen, PA Solar Cost FAQs
How much does it cost to install solar panels in East Goshen?
The average cost of solar panels in East Goshen is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Does East Goshen have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in East Goshen?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.