Solar Panel Cost Guide in Honey Brook, PA (2024 Update)
- Honey Brook Solar Installation Cost: $16,246
- 25-Year Savings: $13,839
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Honey Brook
Here’s how much it might cost to install solar panels in Honey Brook.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Honey Brook, the typical cost of a solar system is 4 per watt.Since a 6.5-kW system is needed to cover the energy costs of a typical home in Honey Brook, the average price of going solar will be about $16,246 after claiming the federal solar tax credit of 0.
These figures are just averages, and your own solar costs will most likely vary based on your energy needs and what company you want to go with.Even with the large initial cost, the average Honey Brook homeowner can save around $15,000 on their power bills over 20 years, which is one of the advantages of solar.
For a free quote from a local solar installer 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 | $-14,961 |
| 3 years | $-12,390 |
| 5 years | $-9,820 |
| 7 years | $-7,250 |
| 9 years | $-4,680 |
| 11 years | $-2,110 |
| 13 years | $460 |
| 15 years | $3,030 |
| 17 years | $5,600 |
| 19 years | $8,171 |
| 21 years | $10,741 |
| 23 years | $13,311 |
| 25 years | $15,881 |
Top Solar Installers in Honey Brook
Trying to put up solar panels on your own can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are various licensed solar professionals that can install solar panels for you. 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Honey Brook
Factors that Affect Solar Panel Costs in Honey Brook
There are many criteria that can influence 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
When it comes to estimating the price of a solar panel system in Honey Brook, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $3,550 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Honey Brook have solar loans, which reduce your upfront costs of installing solar.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $7,904 | 16.6 years |
| 8 kW | $3.62 | $20,278 | $10,937 | 16.2 years |
| 10 kW | $3.55 | $24,850 | $14,168 | 15.9 years |
| 12 kW | $3.48 | $29,224 | $17,598 | 15.6 years |
| 14 kW | $3.41 | $33,398 | $21,226 | 15.3 years |
| 16 kW | $3.34 | $37,374 | $25,054 | 15.0 years |
| 18 kW | $3.27 | $41,152 | $29,080 | 14.6 years |
| 20 kW | $3.19 | $44,730 | $33,305 | 14.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Honey Brook, PA Solar Cost FAQs
How much does it cost to install solar panels in Honey Brook?
This is a hard 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 usage. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Honey Brook?
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.
Does Honey Brook have a net metering program?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.