Solar Panel Cost Guide in Huntingdon, PA (2023 Update)
- Huntingdon Solar Installation Cost: $12,299
- 25-Year Savings: $18,774
- Payback Period: 9.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Huntingdon
We break down average solar pricing in Huntingdon.
The national average cost of solar panels is $2.66 per watt, but in Huntingdon it's 2.55 per watt. To account for the typical energy needs of the average home in Huntingdon, most homeowners require a 6.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,299, or $17,588 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and the cost of going solar for you will look different based on factors unique to your home and what company you choose to go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Huntingdon can save about $17,000 on their electricity bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Huntingdon
| Year | Return on Investment |
|---|---|
| 1 years | $-11,056 |
| 3 years | $-8,570 |
| 5 years | $-6,084 |
| 7 years | $-3,598 |
| 9 years | $-1,113 |
| 11 years | $1,373 |
| 13 years | $3,859 |
| 15 years | $6,345 |
| 17 years | $8,831 |
| 19 years | $11,316 |
| 21 years | $13,802 |
| 23 years | $16,288 |
| 25 years | $18,774 |
Top Solar Installers in Huntingdon
Many homeowners choose to use a solar installation company since figuring out how to install solar panels yourself can be a labor-intensive endeavor. Companies can also provide access to quality options of the best solar panels and help you decide which one will be best for your family.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
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 Huntingdon
Factors that Affect Solar Panel Costs in Huntingdon
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Huntingdon: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Huntingdon, one of the most crucial 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 usage, which you can figure out by looking at past energy bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Huntingdon average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor. The company's size sometimes plays the most significant role in your total 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 generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $15,930 | 10.3 years |
| 8 kW | $2.60 | $14,566 | $21,526 | 10.1 years |
| 10 kW | $2.55 | $17,850 | $27,264 | 9.9 years |
| 12 kW | $2.50 | $20,992 | $33,145 | 9.7 years |
| 14 kW | $2.45 | $23,990 | $39,169 | 9.5 years |
| 16 kW | $2.40 | $26,846 | $45,336 | 9.3 years |
| 18 kW | $2.35 | $29,560 | $51,646 | 9.1 years |
| 20 kW | $2.29 | $32,130 | $58,098 | 8.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Installation Process: Make sure you're on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
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 Huntingdon, PA Solar Cost FAQs
How much does it cost to install solar panels in Huntingdon?
This is a tough question to answer precisely, 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Huntingdon?
Leasing solar panels can be an appealing choice, because it commonly 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 option if you want to get the most savings.
Is it worth going solar in Huntingdon?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Huntingdon?
On average, solar panels can last 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 higher 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.