Solar Panel Cost Guide in Indian Mountain Lake, PA (Mar 2023)
- Indian Mountain Lake Solar Installation Cost: $12,156
- 25-Year Savings: $12,155
- Payback Period: 12.5 Years
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Updated March 14, 2023
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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 2.55 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 $17,383 before 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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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, which is measured in kilowatts, 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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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
What is the average cost of installing solar panels in Indian Mountain Lake?
This is a difficult question to answer exactly, because the cost depends on many 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 higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Indian Mountain Lake?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.