Solar Panel Cost Guide in Franconia, PA (2024 Update)
- Franconia Solar Installation Cost: $16,365
- 25-Year Savings: $13,723
- Payback Period: 16.1 Years
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Average Cost of Solar Panels in Franconia
Find out what the average cost of installing solar panels is in Franconia.
Although the national average of solar panels is $2.66 per watt, solar panels in Franconia generally cost about 4.The average solar panel system size in Franconia is around 6.6 kilowatts, meaning a cost of about $16,365 for a solar installation, or $23,402 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Franconia depending on several factors, such as the kind of solar panels you choose and the solar installer you hire.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Franconia can save around $15,000 on their electricity bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Franconia
Year | Return on Investment |
---|---|
1 years | $-15,019 |
3 years | $-12,328 |
5 years | $-9,637 |
7 years | $-6,945 |
9 years | $-4,254 |
11 years | $-1,563 |
13 years | $1,128 |
15 years | $3,819 |
17 years | $6,511 |
19 years | $9,202 |
21 years | $11,893 |
23 years | $14,584 |
25 years | $17,275 |
Top Solar Installers in Franconia
When making the switch to solar, many homeowners prefer to go with a solar company since overseeing your solar installation yourself can be a time-consuming project. The expertise that solar installers offer can be helpful as well, especially if you don’t quite know what kind of solar equipment would be right for your home.
If you’d like to start using solar energy but still aren’t certain 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
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 Franconia
Factors that Affect Solar Panel Costs in Franconia
Though the average cost of a solar system in Franconia is $16,365, your actual cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require 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 $3,550.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 opt for 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, such as solar batteries, can bring your total well above the Franconia average.
Solar Financing Terms
Most solar companies in Franconia have solar loans, which reduce the initial cost of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in Franconia, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $7,707 | 16.7 years |
8 kW | $3.62 | $20,278 | $10,674 | 16.4 years |
10 kW | $3.55 | $24,850 | $13,839 | 16.1 years |
12 kW | $3.48 | $29,224 | $17,203 | 15.7 years |
14 kW | $3.41 | $33,398 | $20,766 | 15.4 years |
16 kW | $3.34 | $37,374 | $24,528 | 15.1 years |
18 kW | $3.27 | $41,152 | $28,488 | 14.8 years |
20 kW | $3.19 | $44,730 | $32,648 | 14.5 years |
How to Save on Solar Panels
There are numerous companies available in Franconia, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion 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 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 Franconia, PA Solar Cost FAQs
What is the average cost of installing solar panels in Franconia?
The average cost of solar panels in Franconia 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 such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Franconia?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of 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 financial benefits from going solar.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home 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.