Solar Panel Cost Guide in Farrell, PA (2023 Update)
- Farrell Solar Installation Cost: $12,566
- 25-Year Savings: $11,677
- Payback Period: 13.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Farrell
Find out what the average cost of a solar system is in Farrell.
Although the national average of solar panels is $2.66 per watt, solar panels in Farrell generally cost about 2.55. To cover the typical energy usage of the average home in Farrell, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs around $12,566, or $17,969 before the federal solar tax credit of 30% is applied.
The true price you pay can go higher or lower than the average in Farrell based on a few factors, such as the type of solar panels you choose and the solar installer you hire. Despite the large upfront cost, the average Farrell homeowner can save around $13,000 on their electricity bills over 20 years, which is one of the perks of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Farrell
| Year | Return on Investment |
|---|---|
| 1 years | $-11,597 |
| 3 years | $-9,657 |
| 5 years | $-7,718 |
| 7 years | $-5,778 |
| 9 years | $-3,839 |
| 11 years | $-1,899 |
| 13 years | $40 |
| 15 years | $1,980 |
| 17 years | $3,919 |
| 19 years | $5,858 |
| 21 years | $7,798 |
| 23 years | $9,737 |
| 25 years | $11,677 |
Top Solar Installers in Farrell
Although you can install solar panels on your own, it takes extra time and expertise. That's one of the reasons most homeowners choose to go with a solar panel installer. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
If you'd like to go solar but still aren't sure which solar system company to go with, here are our suggestions for providers near you:
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 Farrell
Factors that Affect Solar Panel Costs in Farrell
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Farrell: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,550. The brand of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Farrell to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to 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 lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Farrell is the company you choose to install your PV system. As with choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that provide a range of services at different price points. You may notice national solar installers that have lower prices due to their bigger 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 | $9,513 | 13.5 years |
| 8 kW | $2.60 | $14,566 | $12,969 | 13.2 years |
| 10 kW | $2.55 | $17,850 | $16,569 | 13.0 years |
| 12 kW | $2.50 | $20,992 | $20,311 | 12.7 years |
| 14 kW | $2.45 | $23,990 | $24,196 | 12.4 years |
| 16 kW | $2.40 | $26,846 | $28,224 | 12.2 years |
| 18 kW | $2.35 | $29,560 | $32,394 | 11.9 years |
| 20 kW | $2.29 | $32,130 | $36,708 | 11.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: The type of solar panel you need plays a role in which company you should go with, since different companies have access to different panels.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Farrell, PA Solar Cost FAQs
What is the average cost of installing solar panels in Farrell?
The average cost of solar panels in Farrell is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Farrell?
A solar panel system isn't free in Farrell, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $688.38 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.