Solar Panel Cost Guide in East Vincent, PA (2024 Update)
- East Vincent Solar Installation Cost: $16,246
- 25-Year Savings: $14,714
- Payback Period: 15.4 Years
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Average Cost of Solar Panels in East Vincent
See how much it might cost to switch to solar power in East Vincent.
The national average cost of solar panels is $2.66 per watt, but in East Vincent it’s 4 per watt.Since a 6.5-kW system is needed to cover the energy costs of a typical home in East Vincent, the average price of going solar will be about $16,246 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what solar installer you go with.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in East Vincent see about $15,000 in savings on utility bills over 20 years.
To get a free estimate from a highly rated solar installation company in East Vincent, you can click the button below.
Solar savings over time in East Vincent
| Year | Return on Investment |
|---|---|
| 1 years | $-14,971 |
| 3 years | $-12,422 |
| 5 years | $-9,873 |
| 7 years | $-7,324 |
| 9 years | $-4,775 |
| 11 years | $-2,226 |
| 13 years | $323 |
| 15 years | $2,872 |
| 17 years | $5,421 |
| 19 years | $7,970 |
| 21 years | $10,519 |
| 23 years | $13,068 |
| 25 years | $15,617 |
Top Solar Installers in East Vincent
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar panel installer can make your switch to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over time.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 Vincent
Factors that Affect Solar Panel Costs in East Vincent
There are several criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar 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 about $3,550 per kilowatt in East Vincent.The type of solar equipment you choose can bring your price up or down 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, higher efficiency could save you more over time on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the East Vincent average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many East Vincent homeowners decide to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence your pricing. East Vincent’s solar companies all have different labor costs and add varying upcharges to equipment. 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 come with an above-average cost. It’s best to do some research and decide on the company that has the products, warranties and services you’re looking for 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 | $8,708 | 16.0 years |
| 8 kW | $3.62 | $20,278 | $12,008 | 15.7 years |
| 10 kW | $3.55 | $24,850 | $15,507 | 15.4 years |
| 12 kW | $3.48 | $29,224 | $19,205 | 15.1 years |
| 14 kW | $3.41 | $33,398 | $23,101 | 14.8 years |
| 16 kW | $3.34 | $37,374 | $27,197 | 14.5 years |
| 18 kW | $3.27 | $41,152 | $31,491 | 14.2 years |
| 20 kW | $3.19 | $44,730 | $35,984 | 13.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The type of solar panel you’d like plays a part in which company you should opt for, since different companies have access to different panels.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
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 Vincent, PA Solar Cost FAQs
What is the average cost of installing solar panels in East Vincent?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in East Vincent?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Do solar panels increase your property 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 Vincent is currently $441,640, so you can look forward to a value of about $18,107 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in East Vincent is a fruitful investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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.