Solar Panel Cost Guide in Lackawaxen, PA (Jan 2023)

  • Lackawaxen Solar Installation Cost: $12,138
  • 25-Year Savings: $12,540
  • Payback Period: 12.3 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

Why you can trust EcoWatch

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 Lackawaxen

Let's have a look at the average cost of solar in Lackawaxen.

The average cost of a solar system in Lackawaxen is $3 per watt. The average solar panel system size in Lackawaxen is around 6.8 kilowatts, meaning a cost of about $12,138 for a solar installation, or $8,982 after the 30% federal solar tax credit is applied.

How much you pay can go above or below the average in Lackawaxen depending on a few factors, such as the model of solar panels you choose and the solar contractor you hire. Many homeowners find going solar is a fruitful investment. The average homeowner in Lackawaxen can save around $14,000 on their power bills over 20 years.

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

Solar savings over time in Lackawaxen

Year Return on Investment
1 years $-11,151
3 years $-9,177
5 years $-7,202
7 years $-5,228
9 years $-3,254
11 years $-1,280
13 years $695
15 years $2,669
17 years $4,643
19 years $6,617
21 years $8,592
23 years $10,566
25 years $12,540

Top Solar Installers in Lackawaxen

Many homeowners opt for a solar panel company since trying to put up solar panels by yourself can be time-consuming. Plus, if you're not certain what type of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.

If you're looking for a solar company in Lackawaxen, we've 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 Lackawaxen

Factors that Affect Solar Panel Costs in Lackawaxen

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

Solar Equipment

When it comes to estimating the cost of a solar system in Lackawaxen, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by around $2,550 for each additional kilowatt you need. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Lackawaxen average.

Solar Financing Terms

If paying for solar panels out of pocket is too expensive, solar loans are a popular route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The solar installation company you pick will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The company's size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger 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 $10,628 12.8 years
8 kW $2.60 $14,566 $14,456 12.5 years
10 kW $2.55 $17,850 $18,427 12.3 years
12 kW $2.50 $20,992 $22,540 12.1 years
14 kW $2.45 $23,990 $26,797 11.8 years
16 kW $2.40 $26,846 $31,196 11.6 years
18 kW $2.35 $29,560 $35,738 11.3 years
20 kW $2.29 $32,130 $40,423 11.1 years

How to Save on Solar Panels

There are numerous companies to choose from in Lackawaxen, 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 rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Solar Panel Brands: The model of solar panel you need plays a role in which installer you should choose, since different companies provide different panels.
  • Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
  • Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.

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 Lackawaxen, PA Solar Cost FAQs

What is the average cost of installing solar panels in Lackawaxen?

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 more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Is cost the most important consideration when buying solar panels?

Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Does Lackawaxen have a net metering program?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.

How long do solar panels last in Lackawaxen?

Even 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 how much energy they produce will have decreased significantly after that point. You can decide 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.

Follow us