Solar Panel Cost Guide in Homestead, PA (2023 Update)
- Homestead Solar Installation Cost: $12,441
- 25-Year Savings: $17,273
- Payback Period: 10.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Homestead
Here's how much it might cost to make the switch to solar in Homestead.
The average cost of solar panels in Homestead is 2.55 per watt. Using this figure, a typical 7.0-kW system would cost about $12,441 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. With typical savings of about $16,000 on electricity bills over 20 years, many homeowners in Homestead find investing in solar can pay off big.
Click the button below to get connected to a vetted solar company in your area for a customized quote.
Solar savings over time in Homestead
| Year | Return on Investment |
|---|---|
| 1 years | $-11,253 |
| 3 years | $-8,876 |
| 5 years | $-6,499 |
| 7 years | $-4,122 |
| 9 years | $-1,744 |
| 11 years | $633 |
| 13 years | $3,010 |
| 15 years | $5,387 |
| 17 years | $7,764 |
| 19 years | $10,141 |
| 21 years | $12,518 |
| 23 years | $14,895 |
| 25 years | $17,273 |
Top Solar Installers in Homestead
Trying to put up solar panels on your own can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Plus, if you aren't sure what type of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
If you'd like to start using solar energy but still aren't sure which solar panel installer to go with, here are our recommendations for providers nearby:
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 Homestead
Factors that Affect Solar Panel Costs in Homestead
There are many criteria 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 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 energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,550 per kilowatt in Homestead. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 a small roof 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. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Homestead provide solar loans, which reduce the initial cost of installing solar panels. However, the interest on solar loans also increases your total costs, so it's crucial to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Homestead is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for example, you'll have many options for solar installers that offer a range of services at different price points. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $14,440 | 10.9 years |
| 8 kW | $2.60 | $14,566 | $19,539 | 10.7 years |
| 10 kW | $2.55 | $17,850 | $24,781 | 10.5 years |
| 12 kW | $2.50 | $20,992 | $30,166 | 10.3 years |
| 14 kW | $2.45 | $23,990 | $35,693 | 10.0 years |
| 16 kW | $2.40 | $26,846 | $41,364 | 9.8 years |
| 18 kW | $2.35 | $29,560 | $47,177 | 9.6 years |
| 20 kW | $2.29 | $32,130 | $53,132 | 9.4 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 choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the completion timeline.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
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 Homestead, PA Solar Cost FAQs
How much does it cost to install solar panels in Homestead?
The average cost of solar panels in Homestead 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Homestead?
You can't get solar panels for free in Homestead. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.