Solar Panel Cost Guide in Lackawaxen, PA (2025 Update)
- Lackawaxen Solar Installation Cost: $16,905
- 25-Year Savings: $12,535
- Payback Period: 17.1 Years
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Average Cost of Solar Panels in Lackawaxen
Here’s how much it might cost to install solar panels in Lackawaxen.
In Lackawaxen, solar panels cost about 4 per watt on average.The average Lackawaxen homeowner needs a 6.8-kilowatt system, which would cost about $16,905 with the federal tax credit, or $24,174 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Lackawaxen homeowner. The price 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.With typical savings of about $14,000 on energy bills over 20 years, many homeowners in Lackawaxen find going solar has a decent ROI.
For a personalized quote from a local solar installer 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 | $-15,600 |
| 3 years | $-12,991 |
| 5 years | $-10,382 |
| 7 years | $-7,773 |
| 9 years | $-5,164 |
| 11 years | $-2,555 |
| 13 years | $54 |
| 15 years | $2,663 |
| 17 years | $5,272 |
| 19 years | $7,881 |
| 21 years | $10,491 |
| 23 years | $13,100 |
| 25 years | $15,709 |
Top Solar Installers in Lackawaxen
Many homeowners opt for a solar panel installer since figuring out how to install solar panels by yourself can be a lot of work. The payback period of solar panels will vary depending on factors like your roof configuration and energy usage, but going with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
If you're on the hunt for a solar installer in Lackawaxen, we've put together a list of our top suggestions here:
See all of the solar companies in Lackawaxen
Factors that Affect Solar Panel Costs in Lackawaxen
Though the average cost of a solar system in Lackawaxen is $16,905, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Lackawaxen provide solar loans, which reduce your upfront costs of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Lackawaxen is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services at different costs.The company’s size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better pricing. Smaller local companies might be more costly, but they generally 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 | $3.69 | $15,506 | $6,260 | 17.8 years |
| 8 kW | $3.62 | $20,278 | $8,744 | 17.5 years |
| 10 kW | $3.55 | $24,850 | $11,427 | 17.1 years |
| 12 kW | $3.48 | $29,224 | $14,308 | 16.8 years |
| 14 kW | $3.41 | $33,398 | $17,389 | 16.4 years |
| 16 kW | $3.34 | $37,374 | $20,668 | 16.1 years |
| 18 kW | $3.27 | $41,152 | $24,146 | 15.8 years |
| 20 kW | $3.19 | $44,730 | $27,823 | 15.4 years |
How to Save on Solar Panels
There are numerous companies available in Lackawaxen, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Installation Process: An important thing to understand when adopting solar energy 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 how long the project will take.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
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 precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Lackawaxen?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How will installing solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lackawaxen is currently $315,354, so you can expect a value of about $12,930 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lackawaxen is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 get between 20 and 35 panels to cover 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.