Solar Panel Cost Guide in Indian Mountain Lake, PA (2024 Update)

  • Indian Mountain Lake Solar Installation Cost: $16,922
  • 25-Year Savings: $12,156
  • Payback Period: 17.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Indian Mountain Lake

Here’s how much it might cost to switch to solar power in Indian Mountain Lake.

In Indian Mountain Lake, solar panels cost about 4 per watt on average.Because a 6.8-kW system is needed to cover the energy needs of a typical home in Indian Mountain Lake, the average price of going solar will be about $16,922 after claiming the federal solar tax credit of 0.

Bear in mind that the figures above are only estimates based on the average Indian Mountain Lake homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $14,000 over 20 years on electricity bills.

To see your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in Indian Mountain Lake

Year Return on Investment
1 years $-15,576
3 years $-12,885
5 years $-10,194
7 years $-7,503
9 years $-4,812
11 years $-2,121
13 years $571
15 years $3,262
17 years $5,953
19 years $8,644
21 years $11,335
23 years $14,027
25 years $16,718

Top Solar Installers in Indian Mountain Lake

When making the switch to solar, many homeowners opt to hire a solar installer since putting up solar panels yourself can be a difficult project. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.

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 for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Indian Mountain Lake

Factors that Affect Solar Panel Costs in Indian Mountain Lake

Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Indian Mountain Lake: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Indian Mountain Lake average.

Solar Financing Terms

Many homeowners find the average cost of solar in Indian Mountain Lake to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panels can play a part in determining how much you pay. 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 bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 $3.69 $15,506 $5,914 18.1 years
8 kW $3.62 $20,278 $8,282 17.7 years
10 kW $3.55 $24,850 $10,850 17.4 years
12 kW $3.48 $29,224 $13,617 17.1 years
14 kW $3.41 $33,398 $16,582 16.7 years
16 kW $3.34 $37,374 $19,746 16.4 years
18 kW $3.27 $41,152 $23,109 16.0 years
20 kW $3.19 $44,730 $26,670 15.7 years

How to Save on Solar Panels

There are a large number of companies to choose from in Indian Mountain Lake, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:

  • Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
  • Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
  • Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.

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 for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

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 $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Indian Mountain Lake?

Solar panels aren’t free in Indian Mountain Lake, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

Can you sell solar power back to the grid in Indian Mountain Lake?

Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future utility 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?

To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.

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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