Solar Panel Cost Guide in Greenfield, PA (2023 Update)
- Greenfield Solar Installation Cost: $12,342
- 25-Year Savings: $18,518
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Greenfield
Let's take a look at the average cost of solar in Greenfield.
Although the national average of solar panels is $2.66 per watt, solar panels in Greenfield generally cost around 2.55. The average Greenfield homeowner needs a 6.9-kilowatt system, which would cost about $12,334 with the federal tax credit, or $17,638 before the 30% tax credit is applied.
These figures are just averages, and how much solar costs for you will vary based on your energy needs and what company you go with. Many homeowners find going solar is a rewarding investment. The average homeowner in Greenfield can save about $17,000 on their electricity bills over 20 years.
To receive a free quote from a highly rated solar company in Greenfield, you can click the button below.
Solar savings over time in Greenfield
| Year | Return on Investment |
|---|---|
| 1 years | $-12,239 |
| 3 years | $-12,033 |
| 5 years | $-11,827 |
| 7 years | $-11,622 |
| 9 years | $-11,416 |
| 11 years | $-11,210 |
| 13 years | $-11,004 |
| 15 years | $-10,799 |
| 17 years | $-10,593 |
| 19 years | $-10,387 |
| 21 years | $-10,181 |
| 23 years | $-9,976 |
| 25 years | $-9,770 |
Top Solar Installers in Greenfield
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring an installer can make your swap to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you're looking for a solar installer in Greenfield, we've put together 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
See all of the solar companies in Greenfield
Factors that Affect Solar Panel Costs in Greenfield
There are many factors that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,550. The type of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Most solar installers in Greenfield have solar loans, which reduce the initial cost of installing solar. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Greenfield is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for example, there's no shortage of solar installers that provide a range of services at different costs. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $2.65 | $11,138 | $15,641 | 10.4 years |
| 8 kW | $2.60 | $14,566 | $21,141 | 10.2 years |
| 10 kW | $2.55 | $17,850 | $26,783 | 10.0 years |
| 12 kW | $2.50 | $20,992 | $32,568 | 9.8 years |
| 14 kW | $2.45 | $23,990 | $38,495 | 9.6 years |
| 16 kW | $2.40 | $26,846 | $44,566 | 9.4 years |
| 18 kW | $2.35 | $29,560 | $50,779 | 9.2 years |
| 20 kW | $2.29 | $32,130 | $57,135 | 9.0 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Greenfield, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
- Warranty: If you're worried about the endurance of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
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 Greenfield, PA Solar Cost FAQs
What is the average cost of installing solar panels in Greenfield?
The average cost of solar panels in Greenfield is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Greenfield?
Leasing solar panels can be an option if you can't 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.
How will solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Greenfield is currently $107,856, which means you can look forward to a value of about $4,422 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Greenfield is a fruitful investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.