Solar Panel Cost Guide in Larksville, PA (2023 Update)
- Larksville Solar Installation Cost: $12,406
- 25-Year Savings: $7,768
- Payback Period: 15.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Larksville
Let's have a look at the average cost of solar panels in Larksville.
The average cost of a solar panel system in Larksville is 2.55 per watt. Since a 7.0-kW system is needed to cover the energy usage of a typical home in Larksville, the average price of going solar will be about $12,406 after claiming the federal solar tax credit of 30%.
How much you pay can go above or below the average in Larksville based on a few factors, such as the kind of solar panels you choose and the solar installer you hire. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $11,000 over 20 years on power bills.
To receive a free estimate from a highly rated solar installer in Larksville, you can click the button below.
Solar savings over time in Larksville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,599 |
| 3 years | $-9,985 |
| 5 years | $-8,371 |
| 7 years | $-6,757 |
| 9 years | $-5,143 |
| 11 years | $-3,529 |
| 13 years | $-1,915 |
| 15 years | $-301 |
| 17 years | $1,313 |
| 19 years | $2,926 |
| 21 years | $4,540 |
| 23 years | $6,154 |
| 25 years | $7,768 |
Top Solar Installers in Larksville
When making the switch to solar, many homeowners opt to go with a solar installation company since putting up a solar system yourself can be a difficult project. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
If you'd like to start using solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers nearby:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Larksville
Factors that Affect Solar Panel Costs in Larksville
Though the average cost of a solar system in Larksville is $12,406, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,550. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Larksville, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. 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 more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can impact the cost. Larksville's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Larksville know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 | $6,284 | 16.0 years |
| 8 kW | $2.60 | $14,566 | $8,664 | 15.7 years |
| 10 kW | $2.55 | $17,850 | $11,188 | 15.4 years |
| 12 kW | $2.50 | $20,992 | $13,853 | 15.1 years |
| 14 kW | $2.45 | $23,990 | $16,662 | 14.8 years |
| 16 kW | $2.40 | $26,846 | $19,614 | 14.4 years |
| 18 kW | $2.35 | $29,560 | $22,708 | 14.1 years |
| 20 kW | $2.29 | $32,130 | $25,945 | 13.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Larksville, PA Solar Cost FAQs
How much does it cost to install solar panels in Larksville?
This is a hard question to answer exactly, because the cost depends on many factors. Generally 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 other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Larksville, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.