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
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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:
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.
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.
EcoWatch's Lackawaxen, PA Solar Cost FAQs
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.