Solar Panel Cost Guide in Homeacre-Lyndora, PA (2024 Update)
- Homeacre-Lyndora Solar Installation Cost: $17,361
- 25-Year Savings: $11,352
- Payback Period: 18.2 Years
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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 average cost of a solar panel system in Homeacre-Lyndora is 4 per watt.To cover the typical energy usage of the average home in Homeacre-Lyndora, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,361, or $24,826 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Homeacre-Lyndora homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Even with the large initial cost, the average Homeacre-Lyndora homeowner can save about $13,000 on their power bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a highly rated solar panel company in Homeacre-Lyndora for a customized quote.
Solar savings over time in Homeacre-Lyndora
| Year | Return on Investment |
|---|---|
| 1 years | $-16,168 |
| 3 years | $-13,782 |
| 5 years | $-11,396 |
| 7 years | $-9,010 |
| 9 years | $-6,625 |
| 11 years | $-4,239 |
| 13 years | $-1,853 |
| 15 years | $533 |
| 17 years | $2,919 |
| 19 years | $5,304 |
| 21 years | $7,690 |
| 23 years | $10,076 |
| 25 years | $12,462 |
Top Solar Installers in Homeacre-Lyndora
Many homeowners opt for a solar installation company since figuring out how to install solar panels by yourself can be hard. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be best for you.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Homeacre-Lyndora
Factors that Affect Solar Panel Costs in Homeacre-Lyndora
For many Homeacre-Lyndora homeowners, the decision to install a solar energy system 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 a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The type of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about 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 into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Homeacre-Lyndora homeowners opt to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s crucial to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies in Homeacre-Lyndora, and each can charge varying amounts for labor and equipment.Additionally, some companies in Homeacre-Lyndora have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $4,953 | 18.9 years |
| 8 kW | $3.62 | $20,278 | $7,001 | 18.6 years |
| 10 kW | $3.55 | $24,850 | $9,249 | 18.2 years |
| 12 kW | $3.48 | $29,224 | $11,695 | 17.9 years |
| 14 kW | $3.41 | $33,398 | $14,340 | 17.5 years |
| 16 kW | $3.34 | $37,374 | $17,184 | 17.1 years |
| 18 kW | $3.27 | $41,152 | $20,226 | 16.8 years |
| 20 kW | $3.19 | $44,730 | $23,468 | 16.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar company. See to it that you understand how the installation process will go and the project timeline.
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two 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 positive reviews from previous customers.
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 Homeacre-Lyndora, PA Solar Cost FAQs
What is the average cost of installing solar panels in Homeacre-Lyndora?
The average cost of solar panels in Homeacre-Lyndora is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Homeacre-Lyndora?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.