Solar Panel Cost Guide in Franklin Park, PA (2024 Update)
- Franklin Park Solar Installation Cost: $17,320
- 25-Year Savings: $13,990
- Payback Period: 16.4 Years
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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.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Franklin Park, the typical cost of a solar system is 4 per watt.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.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what company you go with.Many homeowners find going solar is a sound investment. The average homeowner in Franklin Park can save around $14,000 on their energy bills over 20 years.
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
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 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.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Franklin Park, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of 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
Many homeowners find the average cost of solar in Franklin Park to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Franklin Park, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for and also is within your budget.
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 solar installer you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Warranty: If you care about the durability of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The type of solar panel you need to get plays a part in which installer you should go with, since different companies have access to different panels.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process works 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 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 Franklin Park, PA Solar Cost FAQs
How much does it cost to install solar panels in Franklin Park?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Franklin Park?
A solar panel system isn’t free in Franklin Park, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Franklin Park have a net metering program?
Most states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for 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.