Solar Panel Cost Guide in Indian Mountain Lake, PA (2023 Update)
- Indian Mountain Lake Solar Installation Cost: $12,155
- 25-Year Savings: $12,156
- Payback Period: 12.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Indian Mountain Lake
Find out what the average cost of a solar system is in Indian Mountain Lake.
The national average cost of solar panels is $2.66 per watt, but in Indian Mountain Lake it's 2.55 per watt. Using this figure, a typical 6.8-kW system would cost about $12,156 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will look different based on your specific situation and what company you want to go with. For most homeowners, the upfront investment in solar power is worth paying. On average Indian Mountain Lake homeowners see about $14,000 in savings on utility bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Indian Mountain Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-10,810 |
| 3 years | $-8,118 |
| 5 years | $-5,427 |
| 7 years | $-2,736 |
| 9 years | $-45 |
| 11 years | $2,646 |
| 13 years | $5,337 |
| 15 years | $8,029 |
| 17 years | $10,720 |
| 19 years | $13,411 |
| 21 years | $16,102 |
| 23 years | $18,793 |
| 25 years | $21,485 |
Top Solar Installers in Indian Mountain Lake
Many homeowners decide to hire a solar installation company since figuring out how to install solar panels by yourself can be a lot of work. Plus, if you're unsure what brand of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
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 in Indian Mountain Lake:
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 Indian Mountain Lake
Factors that Affect Solar Panel Costs in Indian Mountain Lake
There are several criteria that can influence your solar system 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
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,550. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Indian Mountain Lake, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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 solar panels out of pocket is out of reach, solar loans are a solid option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. Though solar loans make going solar more accessible for Indian Mountain Lake homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can affect your pricing. Indian Mountain Lake's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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
The solar panel company you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Installation Process: When going solar, it's essential to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- 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 what services your solar company will provide and how part repairs and replacements will be handled.
- 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.
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 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Indian Mountain Lake?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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.
Can you sell solar power back to the grid in Indian Mountain Lake?
Each state has some kind 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 offer you credit toward your future utility bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 install between 20 and 35 panels to account for 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.