Solar Panel Cost Guide in Honesdale, PA (2024 Update)

  • Honesdale Solar Installation Cost: $17,175
  • 25-Year Savings: $11,974
  • Payback Period: 17.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Honesdale

Let’s take a look at the average cost of solar in Honesdale.

The national average cost of solar panels is $2.66 per watt, but in Honesdale it’s 4 per watt.The average solar panel system size in Honesdale is around 6.9 kilowatts, meaning a cost of about $17,175 for a solar installation, or $24,560 before the 0 federal solar tax credit is applied.

These figures are only averages, and the cost of going solar for you will most likely vary based on your energy needs and what company you want to go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Honesdale can save about $13,000 on their energy bills over 20 years.

You can click the button below to get connected with a top solar company in Honesdale that can help you get a more accurate cost estimate for your home.

Solar savings over time in Honesdale

Year Return on Investment
1 years $-15,829
3 years $-13,138
5 years $-10,447
7 years $-7,756
9 years $-5,065
11 years $-2,374
13 years $318
15 years $3,009
17 years $5,700
19 years $8,391
21 years $11,082
23 years $13,774
25 years $16,465

Top Solar Installers in Honesdale

When going solar, many homeowners decide to use a solar installation company since handling can be a difficult project. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance in the long run.

If you're looking for a solar company in Honesdale, the EcoWatch team has organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Honesdale

Factors that Affect Solar Panel Costs in Honesdale

For many Honesdale homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Honesdale, 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

The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require 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 $3,550.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Honesdale average.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Honesdale homeowners opt to finance their solar panel systems to make paying for solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.

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 panel companies operating in Honesdale, and each can charge varying amounts for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and decide on the company that provides the products, warranties and services you want and also fit into 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 $3.69 $15,506 $5,598 18.4 years
8 kW $3.62 $20,278 $7,862 18.0 years
10 kW $3.55 $24,850 $10,324 17.7 years
12 kW $3.48 $29,224 $12,985 17.3 years
14 kW $3.41 $33,398 $15,845 17.0 years
16 kW $3.34 $37,374 $18,904 16.6 years
18 kW $3.27 $41,152 $22,162 16.2 years
20 kW $3.19 $44,730 $25,618 15.9 years

How to Save on Solar Panels

There are many companies available in Honesdale, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, 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 renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
  • Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
  • Contract: Look through the contract terms closely to make sure you understand the overall cost, project timeline incentives and warranties.
  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Honesdale, PA Solar Cost FAQs

How much does it cost to install solar panels in Honesdale?

The average cost of solar panels in Honesdale 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Honesdale?

Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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 much can I save on energy bills after installing solar panels?

Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $703.48 per year.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.

Follow us