Solar Panel Cost Guide in Franklin Park, PA (2023 Update)
- Franklin Park Solar Installation Cost: $17,320
- 25-Year Savings: $13,990
- Payback Period: 16.4 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Franklin Park
Find out what the average cost of installing solar panels is in Franklin Park.
In Franklin Park, solar panels cost about 4 per watt on average.The average Franklin Park homeowner needs a 7.0-kilowatt system, which would cost about $17,320 with the federal tax credit, or $24,768 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of solar system you want to get, your solar contractor and more.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $14,000 over 20 years on utility bills.
You can click the button below to get connected with a pre-vetted solar installer in Franklin Park for a quote for your home.
Solar savings over time in Franklin Park
| Year | Return on Investment |
|---|---|
| 1 years | $-15,795 |
| 3 years | $-12,744 |
| 5 years | $-9,693 |
| 7 years | $-6,641 |
| 9 years | $-3,590 |
| 11 years | $-539 |
| 13 years | $2,512 |
| 15 years | $5,563 |
| 17 years | $8,614 |
| 19 years | $11,665 |
| 21 years | $14,717 |
| 23 years | $17,768 |
| 25 years | $20,819 |
Top Solar Installers in Franklin Park
Trying to install solar panels yourself can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
There are a number of licensed solar professionals that can install solar panels for you. 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
See all of the solar companies in Franklin Park
Factors that Affect Solar Panel Costs in Franklin Park
There are several criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,550 per kilowatt in Franklin Park.There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just 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 energy bills over time, but they can also be a big investment. That’s why many Franklin Park homeowners opt to finance their solar panel systems to make going solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect the cost. Franklin Park’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally 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 | $3.69 | $15,506 | $7,247 | 17.0 years |
| 8 kW | $3.62 | $20,278 | $10,060 | 16.7 years |
| 10 kW | $3.55 | $24,850 | $13,072 | 16.4 years |
| 12 kW | $3.48 | $29,224 | $16,283 | 16.1 years |
| 14 kW | $3.41 | $33,398 | $19,692 | 15.7 years |
| 16 kW | $3.34 | $37,374 | $23,300 | 15.4 years |
| 18 kW | $3.27 | $41,152 | $27,108 | 15.1 years |
| 20 kW | $3.19 | $44,730 | $31,114 | 14.7 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. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: If you’re worried about the durability of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Your solar installer should have a solid reputation as a company and have proven 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 good reviews from past customers.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which installer you should opt for, since different companies have access to different panels.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
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 Franklin Park, PA Solar Cost FAQs
How much does it cost to install solar panels in Franklin Park?
The average cost of solar panels in Franklin Park is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like 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 Franklin Park?
You can’t get solar panels for free in Franklin Park. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does Franklin Park have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.