Solar Panel Cost Guide in Ferguson, PA (Mar 2023)
- Ferguson Solar Installation Cost: $12,513
- 25-Year Savings: $13,545
- Payback Period: 12.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Ferguson
Let's have a look at the average cost of solar in Ferguson.
The average cost of solar panels in Ferguson is 2.55 per watt. Because a 7.0-kW system is needed to cover the energy consumption of a typical home in Ferguson, the average price of going solar will be about $12,513 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average energy use of Ferguson homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Despite the significant upfront cost, the average Ferguson homeowner can save about $14,000 on their energy bills over 20 years, which is one of the advantages of solar.
To get a free quote from a pre-vetted solar installer in Ferguson, you can click the button below.
Solar savings over time in Ferguson
| Year | Return on Investment |
|---|---|
| 1 years | $-11,471 |
| 3 years | $-9,386 |
| 5 years | $-7,301 |
| 7 years | $-5,217 |
| 9 years | $-3,132 |
| 11 years | $-1,047 |
| 13 years | $1,037 |
| 15 years | $3,122 |
| 17 years | $5,207 |
| 19 years | $7,291 |
| 21 years | $9,376 |
| 23 years | $11,461 |
| 25 years | $13,545 |
Top Solar Installers in Ferguson
Many homeowners opt for a solar installer since installing solar panels on your own can be time-consuming. The expertise that solar installers provide can be valuable as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
There are various licensed solar professionals that can help you install your solar panels. 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
Best Technology
Tesla Energy
- 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 Ferguson
Factors that Affect Solar Panel Costs in Ferguson
The cost of installing a solar system in Ferguson can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use 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. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Ferguson, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Ferguson, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Ferguson, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. The company's size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and better 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 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 | $11,170 | 12.5 years |
| 8 kW | $2.60 | $14,566 | $15,179 | 12.2 years |
| 10 kW | $2.55 | $17,850 | $19,331 | 12.0 years |
| 12 kW | $2.50 | $20,992 | $23,625 | 11.8 years |
| 14 kW | $2.45 | $23,990 | $28,062 | 11.5 years |
| 16 kW | $2.40 | $26,846 | $32,643 | 11.3 years |
| 18 kW | $2.35 | $29,560 | $37,365 | 11.0 years |
| 20 kW | $2.29 | $32,130 | $42,231 | 10.8 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project timeline.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Ferguson, PA Solar Cost FAQs
What is the average cost of installing solar panels in Ferguson?
The average cost of solar panels in Ferguson 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Ferguson?
You can't get solar panels for free in Ferguson. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
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 $743.61 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 install 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.