Solar Panel Cost Guide in Honey Brook, PA (2023 Update)
- Honey Brook Solar Installation Cost: $11,669
- 25-Year Savings: $13,839
- Payback Period: 11.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Honey Brook
We go over average solar pricing in Honey Brook.
The average cost of solar panels in Honey Brook is 2.55 per watt. Using this figure, a typical 6.5-kW system would cost about $11,674 before the 30% federal solar tax credit is applied.
These figures are just estimates, and your own solar costs may look different based on your specific situation and what company you want to go with. Many homeowners find going solar is a solid investment. The average homeowner in Honey Brook can save around $15,000 on their energy bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Honey Brook
| Year | Return on Investment |
|---|---|
| 1 years | $-11,584 |
| 3 years | $-11,414 |
| 5 years | $-11,244 |
| 7 years | $-11,074 |
| 9 years | $-10,904 |
| 11 years | $-10,734 |
| 13 years | $-10,564 |
| 15 years | $-10,394 |
| 17 years | $-10,224 |
| 19 years | $-10,054 |
| 21 years | $-9,884 |
| 23 years | $-9,714 |
| 25 years | $-9,544 |
Top Solar Installers in Honey Brook
Although it's possible to install solar panels yourself, it takes extra effort and expertise. Because of that, the majority of homeowners choose a solar panel installer. Companies can also have access to quality options of the best solar panels and help you choose which one will be best for you.
If you're on the hunt for a solar installer in Honey Brook, we've put together a list of our top suggestions here:
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 Honey Brook
Factors that Affect Solar Panel Costs in Honey Brook
For many Honey Brook homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Honey Brook, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
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 consumes, the larger your system will likely need to be. You can expect to pay around $2,550 per kilowatt in Honey Brook. There are a lot of different solar panel brands and the one you choose also affects the cost. In many cases, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
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. Fortunately, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest. Although solar loans make switching to solar energy more accessible for Honey Brook homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Honey Brook is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, you'll have many options for solar installers that provide a range of services for different budgets. Additionally, some companies in Honey Brook know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $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
The company that does your solar panel installation will affect the warranties and brands available to you, 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:
- Contract: Before signing a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
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 Honey Brook, PA Solar Cost FAQs
What is the average cost of installing solar panels in Honey Brook?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Honey Brook?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.