Solar Panel Cost Guide in East Hanover, PA (Dec 2022)

  • East Hanover Solar Installation Cost: $11,995
  • 25-Year Savings: $12,959
  • Payback Period: 12.0 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in East Hanover

See how much it might cost to install solar panels in East Hanover.

While the national average of solar panels is $2.66 per watt, solar panels in East Hanover generally cost around $3. The average East Hanover homeowner needs a 6.7-kilowatt system, which would cost about $11,995, or $8,876 after the federal solar tax credit of 30% is applied.

Keep in mind that the figures above are only estimates based on the average East Hanover homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $14,000 over 20 years on power bills.

To receive a free quote from a top solar company in East Hanover, you can click the button below.

Solar savings over time in East Hanover

Year Return on Investment
1 years $-10,997
3 years $-9,001
5 years $-7,004
7 years $-5,008
9 years $-3,012
11 years $-1,015
13 years $981
15 years $2,977
17 years $4,974
19 years $6,970
21 years $8,966
23 years $10,962
25 years $12,959

Top Solar Installers in East Hanover

Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make switching to solar power much easier. Companies can also have access to a large variety of the best solar panels and help you choose which one will be right for your family.

You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in East Hanover

Factors that Affect Solar Panel Costs in East Hanover

For many East Hanover homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in East Hanover, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The kind of solar equipment you choose can increase or decrease your cost 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. Additionally, add-on products, like solar batteries, can bring your total well above the East Hanover average.

Solar Financing Terms

Many homeowners find the average cost of solar in East Hanover to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time due to interest. However, the interest on solar loans also increases your total costs, so it's vital to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

Lastly, the company you choose to install your solar panels can impact how much you pay. East Hanover's solar companies all have different labor costs and add varying upcharges to equipment. Companies that 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 provides 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 $2.65 $11,138 $11,154 12.5 years
8 kW $2.60 $14,566 $15,157 12.3 years
10 kW $2.55 $17,850 $19,303 12.0 years
12 kW $2.50 $20,992 $23,592 11.8 years
14 kW $2.45 $23,990 $28,024 11.5 years
16 kW $2.40 $26,846 $32,599 11.3 years
18 kW $2.35 $29,560 $37,316 11.1 years
20 kW $2.29 $32,130 $42,177 10.8 years

How to Save on Solar Panels

There are many companies available in East Hanover, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:

  • Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
  • Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
  • Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's East Hanover, PA Solar Cost FAQs

How much does it cost to install solar panels in East Hanover?

The average cost of solar panels in East Hanover is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in East Hanover?

You can't get solar panels for free in East Hanover. 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 want to own your solar panels, you can finance them with a solar loan.

Do solar panels increase your home value?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in East Hanover is currently $226,177, which means you could be looking at a value of about $9,273 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in East Hanover is a rewarding investment.

What solar power system size is right for my home?

To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.

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.

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