Solar Panel Cost Guide in Homeacre-Lyndora, PA (2023 Update)
- Homeacre-Lyndora Solar Installation Cost: $12,470
- 25-Year Savings: $11,352
- Payback Period: 13.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Homeacre-Lyndora
Find out what the average cost of installing solar panels is in Homeacre-Lyndora.
The national average cost of solar panels is $2.66 per watt, but in Homeacre-Lyndora it's 2.55 per watt. Using this figure, a typical 7.0-kW system would cost about $12,477 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Homeacre-Lyndora homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. With average savings of about $13,000 on power bills over 20 years, many homeowners in Homeacre-Lyndora find installing solar panels can be quite rewarding.
Click the button below to get connected to a highly rated solar company in Homeacre-Lyndora for a customized quote.
Solar savings over time in Homeacre-Lyndora
| Year | Return on Investment |
|---|---|
| 1 years | $-11,277 |
| 3 years | $-8,892 |
| 5 years | $-6,506 |
| 7 years | $-4,120 |
| 9 years | $-1,734 |
| 11 years | $651 |
| 13 years | $3,037 |
| 15 years | $5,423 |
| 17 years | $7,809 |
| 19 years | $10,195 |
| 21 years | $12,580 |
| 23 years | $14,966 |
| 25 years | $17,352 |
Top Solar Installers in Homeacre-Lyndora
Trying to install solar panels yourself can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Plus, if you're unsure what type of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
If you're looking for a solar company in Homeacre-Lyndora, 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
See all of the solar companies in Homeacre-Lyndora
Factors that Affect Solar Panel Costs in Homeacre-Lyndora
For many Homeacre-Lyndora homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Homeacre-Lyndora, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Homeacre-Lyndora, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can determine by looking at past power bills. Your total cost can increase by about $2,550 for each additional kilowatt you need. The brand and type of equipment you want 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Homeacre-Lyndora, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. It's a good idea to factor 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 how long it'll take to pay off the loan.
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 Homeacre-Lyndora is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, you'll have no shortage of solar installers that offer a range of services for different budgets. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $9,321 | 13.6 years |
| 8 kW | $2.60 | $14,566 | $12,713 | 13.3 years |
| 10 kW | $2.55 | $17,850 | $16,249 | 13.1 years |
| 12 kW | $2.50 | $20,992 | $19,927 | 12.8 years |
| 14 kW | $2.45 | $23,990 | $23,748 | 12.6 years |
| 16 kW | $2.40 | $26,846 | $27,712 | 12.3 years |
| 18 kW | $2.35 | $29,560 | $31,818 | 12.0 years |
| 20 kW | $2.29 | $32,130 | $36,068 | 11.8 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
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 Homeacre-Lyndora, PA Solar Cost FAQs
How much does it cost to install solar panels in Homeacre-Lyndora?
The average cost of solar panels in Homeacre-Lyndora is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Homeacre-Lyndora?
You can't get solar panels for free in Homeacre-Lyndora. However, you may still be able to install 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.
Is making the switch to solar worth it?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Homeacre-Lyndora?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.