Solar Panel Cost Guide in Edinboro, PA (2023 Update)
- Edinboro Solar Installation Cost: $12,362
- 25-Year Savings: $19,227
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Edinboro
Find out what the average cost of installing solar panels is in Edinboro.
The average cost of a solar panel system in Edinboro is 2.55 per watt. The average solar panel system size in Edinboro is around 6.9 kilowatts, meaning a cost of about $12,370 for a solar installation, or $17,689 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will vary based on your specific situation and what company you choose to go with. Despite the large upfront cost, the average Edinboro homeowner can save about $17,000 on their power bills over 20 years, which is one of the perks of solar.
To get a free estimate from a top solar installer in Edinboro, you can click the button below.
Solar savings over time in Edinboro
| Year | Return on Investment |
|---|---|
| 1 years | $-10,884 |
| 3 years | $-7,929 |
| 5 years | $-4,974 |
| 7 years | $-2,019 |
| 9 years | $936 |
| 11 years | $3,891 |
| 13 years | $6,845 |
| 15 years | $9,800 |
| 17 years | $12,755 |
| 19 years | $15,710 |
| 21 years | $18,665 |
| 23 years | $21,620 |
| 25 years | $24,575 |
Top Solar Installers in Edinboro
Although it's possible to install solar panels on your own, it involves extra time and handiness. That's one of the reasons most homeowners choose to go with a solar panel installer. Also, companies with a high reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
There are a number of licensed solar professionals that can take care of your solar installation project. 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 Edinboro
Factors that Affect Solar Panel Costs in Edinboro
While the average cost of a solar system in Edinboro is $12,370, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you choose will play a role in your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $16,229 | 10.2 years |
| 8 kW | $2.60 | $14,566 | $21,925 | 10.0 years |
| 10 kW | $2.55 | $17,850 | $27,763 | 9.8 years |
| 12 kW | $2.50 | $20,992 | $33,744 | 9.6 years |
| 14 kW | $2.45 | $23,990 | $39,867 | 9.4 years |
| 16 kW | $2.40 | $26,846 | $46,134 | 9.2 years |
| 18 kW | $2.35 | $29,560 | $52,543 | 9.0 years |
| 20 kW | $2.29 | $32,130 | $59,095 | 8.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies offer various brands and models of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
- Installation Process: When making the switch to solar power, it's crucial to maintain an open line of communication with your solar installer. Make sure you understand how the installation process works and the project completion timeline.
- Contract: Before signing a contract with a solar installer, be sure to look it over fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
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 Edinboro, PA Solar Cost FAQs
How much does it cost to install solar panels in Edinboro?
This is a tough question to answer precisely, because the cost depends on a few different 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. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $912.25 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size 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 generally 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.