Solar Panel Cost Guide in East Nottingham, PA (2024 Update)
- East Nottingham Solar Installation Cost: $16,246
- 25-Year Savings: $14,042
- Payback Period: 15.8 Years
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Average Cost of Solar Panels in East Nottingham
Find out what the average cost of installing solar panels is in East Nottingham.
The average cost of a solar system in East Nottingham is 4 per watt.The average East Nottingham homeowner needs a 6.5-kilowatt system, which would cost about $16,246 with the federal tax credit, or $23,232 before the 0 tax credit is applied.
These figures are just averages, and the cost of going solar for you may vary based on the amount of energy your home requires and what company you go with.With typical savings of about $15,000 on power bills over 20 years, many homeowners in East Nottingham find going solar can be quite rewarding.
You can click the button below to get connected with a top solar installer in East Nottingham for a quote for your home.
Solar savings over time in East Nottingham
| Year | Return on Investment |
|---|---|
| 1 years | $-14,919 |
| 3 years | $-12,264 |
| 5 years | $-9,610 |
| 7 years | $-6,956 |
| 9 years | $-4,301 |
| 11 years | $-1,647 |
| 13 years | $1,007 |
| 15 years | $3,662 |
| 17 years | $6,316 |
| 19 years | $8,970 |
| 21 years | $11,625 |
| 23 years | $14,279 |
| 25 years | $16,933 |
Top Solar Installers in East Nottingham
When going solar, many homeowners decide to use a solar installation company since DIY solar panel installation can be a challenging project. A solar installer can also help save you money in the long run by offering warranties, repairs and component replacements.
If you’d like to make the switch to solar but still aren’t certain which solar company to go with, here are our suggestions for providers in East Nottingham:
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 Nottingham
Factors that Affect Solar Panel Costs in East Nottingham
The cost of installing a solar system in East Nottingham can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,550. 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, more efficient panels could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the East Nottingham average.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in East Nottingham, and each can charge varying amounts for labor and equipment.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $8,091 | 16.4 years |
| 8 kW | $3.62 | $20,278 | $11,186 | 16.1 years |
| 10 kW | $3.55 | $24,850 | $14,479 | 15.8 years |
| 12 kW | $3.48 | $29,224 | $17,971 | 15.5 years |
| 14 kW | $3.41 | $33,398 | $21,662 | 15.2 years |
| 16 kW | $3.34 | $37,374 | $25,552 | 14.8 years |
| 18 kW | $3.27 | $41,152 | $29,641 | 14.5 years |
| 20 kW | $3.19 | $44,730 | $33,928 | 14.2 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Installation Process: When making the switch to solar power, it’s crucial to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project timeline.
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 Nottingham, PA Solar Cost FAQs
How much does it cost to install solar panels in East Nottingham?
The average cost of solar panels in East Nottingham is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in East Nottingham?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $786.58 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires 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 household 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.