Solar Panel Cost Guide in Honey Brook, PA (Jan 2023)
- Honey Brook Solar Installation Cost: $11,674
- 25-Year Savings: $13,834
- Payback Period: 11.4 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Honey Brook
Find out what the average cost of solar panel installation is in Honey Brook.
The national average cost of solar panels is $2.66 per watt, but in Honey Brook it's $3 per watt. Since a 6.5-kW system is needed to cover the energy consumption of a typical home in Honey Brook, the average price of going solar will be about $11,674 before claiming the federal solar tax credit of 30%.
These figures are just estimates, and the cost of going solar for you will look different based on the amount of energy your home requires and what company you go with. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Honey Brook see about $15,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar installer in your area for a custom quote.
Solar savings over time in Honey Brook
| Year | Return on Investment |
|---|---|
| 1 years | $-10,654 |
| 3 years | $-8,613 |
| 5 years | $-6,572 |
| 7 years | $-4,532 |
| 9 years | $-2,491 |
| 11 years | $-450 |
| 13 years | $1,590 |
| 15 years | $3,631 |
| 17 years | $5,672 |
| 19 years | $7,712 |
| 21 years | $9,753 |
| 23 years | $11,793 |
| 25 years | $13,834 |
Top Solar Installers in Honey Brook
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make converting to solar power much easier. The expertise that solar installers provide can be helpful as well, particularly if you don't quite know what kind of solar equipment you need.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Honey Brook
Factors that Affect Solar Panel Costs in Honey Brook
While the average cost of a solar system in Honey Brook is $11,674, your final cost may differ. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,550. The brand and type of equipment you choose 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 come at a higher price 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 can expect a higher equipment cost, but this can typically lead to greater 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
Many homeowners find the average cost of solar in Honey Brook to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact the cost. Honey Brook's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $12,272 | 11.9 years |
| 8 kW | $2.60 | $14,566 | $16,649 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $21,168 | 11.4 years |
| 12 kW | $2.50 | $20,992 | $25,830 | 11.2 years |
| 14 kW | $2.45 | $23,990 | $30,634 | 11.0 years |
| 16 kW | $2.40 | $26,846 | $35,582 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,672 | 10.5 years |
| 20 kW | $2.29 | $32,130 | $45,905 | 10.3 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose greatly affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a part in which installer you should opt for, since different companies have different panels.
- Contract: Before you sign a contract with a solar installer, be sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Honey Brook, PA Solar Cost FAQs
How much does it cost to install solar panels in Honey Brook?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Honey Brook?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Does Honey Brook have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How long do solar panels last in Honey Brook?
Even though 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 how much energy they produce will have decreased significantly after that point. You can decide 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.