Solar Panel Cost Guide in Indian Mountain Lake, PA (Nov 2022)

  • Indian Mountain Lake Solar Installation Cost: $12,156
  • 25-Year Savings: $12,155
  • Payback Period: 12.5 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Indian Mountain Lake

Here's how much it might cost to make the switch to solar in Indian Mountain Lake.

The average cost of solar panels in Indian Mountain Lake is $3 per watt. The average solar panel system size in Indian Mountain Lake is around 6.8 kilowatts, meaning a cost of about $12,156 for a solar installation, or $8,995 after the 30% federal solar tax credit is applied.

The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. With typical savings of about $14,000 on energy bills over 20 years, many homeowners in Indian Mountain Lake find installing solar panels can pay off big.

For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Indian Mountain Lake

Year Return on Investment
1 years $-11,183
3 years $-9,239
5 years $-7,294
7 years $-5,349
9 years $-3,404
11 years $-1,459
13 years $486
15 years $2,431
17 years $4,375
19 years $6,320
21 years $8,265
23 years $10,210
25 years $12,155

Top Solar Installers in Indian Mountain Lake

Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Hiring a solar panel installer can make your switch to solar power much easier. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be right for your home.

If you're searching for a solar company in Indian Mountain Lake, the EcoWatch team has compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Indian Mountain Lake

Factors that Affect Solar Panel Costs in Indian Mountain Lake

The cost of installing a solar system in Indian Mountain Lake can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment

The size of the solar system you need to offset your energy usage is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,550. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Indian Mountain Lake, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for a solar system out of pocket is difficult, solar loans are an affordable route because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. 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

A final factor to consider when trying to estimate the cost of solar for your home or business in Indian Mountain Lake is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets. Additionally, some companies in Indian Mountain Lake 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 walking you through the whole process. Even if they cost more upfront, they could help you save 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 $10,282 13.0 years
8 kW $2.60 $14,566 $13,994 12.7 years
10 kW $2.55 $17,850 $17,850 12.5 years
12 kW $2.50 $20,992 $21,849 12.2 years
14 kW $2.45 $23,990 $25,990 12.0 years
16 kW $2.40 $26,846 $30,274 11.7 years
18 kW $2.35 $29,560 $34,701 11.5 years
20 kW $2.29 $32,130 $39,270 11.2 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
  • Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
  • Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Indian Mountain Lake, PA Solar Cost FAQs

How much does it cost to install solar panels in Indian Mountain Lake?

The average cost of solar panels in Indian Mountain Lake is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.

Is cost the most important consideration when buying solar panels?

Cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.

Is it worth going solar in Indian Mountain Lake?

Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.

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.

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