Solar Panel Cost Guide in Halifax, PA (Mar 2023)
- Halifax Solar Installation Cost: $11,995
- 25-Year Savings: $12,744
- Payback Period: 12.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Halifax
Find out how much it might cost to switch to solar power in Halifax.
In Halifax, solar panels cost about 2.55 per watt on average. Using this figure, a typical 6.7-kW system would cost about $11,995 before the 30% federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Halifax depending on several factors, such as the type of solar panels you choose and the solar installer you hire. Despite the high initial cost, the average Halifax homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the perks of solar.
To receive a free quote from a pre-vetted solar installation company in Halifax, you can click the button below.
Solar savings over time in Halifax
| Year | Return on Investment |
|---|---|
| 1 years | $-11,006 |
| 3 years | $-9,026 |
| 5 years | $-7,047 |
| 7 years | $-5,068 |
| 9 years | $-3,089 |
| 11 years | $-1,110 |
| 13 years | $869 |
| 15 years | $2,849 |
| 17 years | $4,828 |
| 19 years | $6,807 |
| 21 years | $8,786 |
| 23 years | $10,765 |
| 25 years | $12,744 |
Top Solar Installers in Halifax
Although it's possible to install solar panels yourself, it involves extra time and know-how. That's one of the reasons most homeowners choose a solar panel installer. Plus, if you aren't sure what brand of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar installer in Halifax, we've compiled 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Halifax
Factors that Affect Solar Panel Costs in Halifax
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Halifax: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,550. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's wise to include 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 back the loan.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Halifax, you'll have plenty of options to choose from, but each comes at different 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 cost more. It's best to do some research and decide on the company that has 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 | $2.65 | $11,138 | $10,962 | 12.6 years |
| 8 kW | $2.60 | $14,566 | $14,902 | 12.4 years |
| 10 kW | $2.55 | $17,850 | $18,984 | 12.1 years |
| 12 kW | $2.50 | $20,992 | $23,209 | 11.9 years |
| 14 kW | $2.45 | $23,990 | $27,577 | 11.6 years |
| 16 kW | $2.40 | $26,846 | $32,088 | 11.4 years |
| 18 kW | $2.35 | $29,560 | $36,742 | 11.1 years |
| 20 kW | $2.29 | $32,130 | $41,538 | 10.9 years |
How to Save on Solar Panels
The solar company you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
- 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 your solar system's energy production.
- Reputation: Long-standing companies likely have a good 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: Not all solar installers carry 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Halifax, PA Solar Cost FAQs
How much does it cost to install solar panels in Halifax?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly 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 additional solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is going solar worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
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 uses 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 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.