Solar Panel Cost Guide in Ferguson, PA (2024 Update)
- Ferguson Solar Installation Cost: $17,416
- 25-Year Savings: $16,233
- Payback Period: 16.7 Years
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Average Cost of Solar Panels in Ferguson
See how much it might cost to install solar panels in Ferguson.
In Ferguson, solar panels cost about 4 per watt on average.Using this figure, a typical 7.0-kW system would cost about $17,416 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Ferguson depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire.But, once you've paid the initial cost of installation, the payback for most homeowners is quite good, with a net average savings of about $14,000 over 20 years on utility bills.
To get a free quote from a pre-vetted solar installation company in Ferguson, you can click the button below.
Solar savings over time in Ferguson
| Year | Return on Investment |
|---|---|
| 1 years | $-16,070 |
| 3 years | $-13,378 |
| 5 years | $-10,686 |
| 7 years | $-7,994 |
| 9 years | $-5,303 |
| 11 years | $-2,611 |
| 13 years | $81 |
| 15 years | $2,773 |
| 17 years | $5,465 |
| 19 years | $8,157 |
| 21 years | $10,849 |
| 23 years | $13,541 |
| 25 years | $16,233 |
Top Solar Installers in Ferguson
When switching to solar energy, many homeowners choose to hire a solar company since overseeing your solar installation yourself can be a challenging project. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you're searching for a solar company in Ferguson, we've compiled a list of our top suggestions here:
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Ferguson
Factors that Affect Solar Panel Costs in Ferguson
Although the average cost of a solar system in Ferguson is $17,416, your final cost may differ. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,550. There are a lot of different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Ferguson homeowners opt to finance their solar panel systems to make going solar more affordable.When considering 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 lower the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Ferguson, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.The company’s size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to 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 discount 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 | $6,802 | 17.4 years |
| 8 kW | $3.62 | $20,278 | $9,467 | 17.0 years |
| 10 kW | $3.55 | $24,850 | $12,331 | 16.7 years |
| 12 kW | $3.48 | $29,224 | $15,393 | 16.4 years |
| 14 kW | $3.41 | $33,398 | $18,654 | 16.0 years |
| 16 kW | $3.34 | $37,374 | $22,115 | 15.7 years |
| 18 kW | $3.27 | $41,152 | $25,773 | 15.4 years |
| 20 kW | $3.19 | $44,730 | $29,631 | 15.0 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Ferguson, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two 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 good reviews from past customers.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
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 $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Ferguson?
Leasing solar panels can be an appealing choice, as it often 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Do solar panels increase your property value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Ferguson?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.