Solar Panel Cost Guide in Franconia, PA (2023 Update)
- Franconia Solar Installation Cost: $11,755
- 25-Year Savings: $13,723
- Payback Period: 11.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Franconia
We go over average solar pricing in Franconia.
The average cost of a solar panel system in Franconia is 2.55 per watt. The average solar panel system size in Franconia is around 6.6 kilowatts, meaning a cost of about $11,763 for a solar installation, or $16,821 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Franconia homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the high upfront cost, the average Franconia homeowner can save around $15,000 on their electricity bills over 20 years, which is one of the perks of solar.
To get a free estimate from a highly rated solar installer in Franconia, you can click the button below.
Solar savings over time in Franconia
| Year | Return on Investment |
|---|---|
| 1 years | $-11,670 |
| 3 years | $-11,500 |
| 5 years | $-11,330 |
| 7 years | $-11,160 |
| 9 years | $-10,990 |
| 11 years | $-10,821 |
| 13 years | $-10,651 |
| 15 years | $-10,481 |
| 17 years | $-10,311 |
| 19 years | $-10,141 |
| 21 years | $-9,971 |
| 23 years | $-9,801 |
| 25 years | $-9,632 |
Top Solar Installers in Franconia
When going solar, many homeowners prefer to hire a solar installer since DIY solar panel installation can be a difficult project. Some solar installers, especially local ones, can help you take advantage of incentives in Franconia, therefore optimizing your ROI.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Franconia
Factors that Affect Solar Panel Costs in Franconia
For many Franconia homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Franconia, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Franconia provide solar loans, which reduce your upfront costs of installing a solar system. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Franconia is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different costs. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $12,075 | 12.0 years |
| 8 kW | $2.60 | $14,566 | $16,386 | 11.8 years |
| 10 kW | $2.55 | $17,850 | $20,839 | 11.5 years |
| 12 kW | $2.50 | $20,992 | $25,435 | 11.3 years |
| 14 kW | $2.45 | $23,990 | $30,174 | 11.1 years |
| 16 kW | $2.40 | $26,846 | $35,056 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,080 | 10.6 years |
| 20 kW | $2.29 | $32,130 | $45,248 | 10.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
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 Franconia, PA Solar Cost FAQs
What is the average cost of installing solar panels in Franconia?
This is a difficult question to answer exactly, 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 higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to keep in mind 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.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size 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.