Solar Panel Cost Guide in Honesdale, PA (2025 Update)
- Honesdale Solar Installation Cost: $17,175
- 25-Year Savings: $11,974
- Payback Period: 17.7 Years
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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.Using this figure, a typical 6.9-kW system would cost about $17,175 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will differ based on factors unique to your home and what company you want to go with.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Honesdale see about $13,000 in savings on utility bills over 20 years.
Click the button below to get connected to a top solar panel company in Honesdale for a customized estimate.
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
Trying to install solar panels by yourself can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Another good thing about choosing a top solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
Working with a professional solar company can help you make the most of your investment in solar. 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
See all of the solar companies in Honesdale
Factors that Affect Solar Panel Costs in Honesdale
While the average cost of a solar system in Honesdale is $17,175, your actual cost may differ. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,550. There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Honesdale, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies operating in Honesdale, and each can charge varying amounts for labor and equipment.The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
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
EcoWatch's Honesdale, PA Solar Cost FAQs
What is the average cost of installing solar panels in Honesdale?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
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 savings from going solar.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. 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.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires 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 household 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.