Solar Panel Cost Guide in Lawrence Park, PA (2025 Update)
- Lawrence Park Solar Installation Cost: $17,209
- 25-Year Savings: $18,238
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Lawrence Park
Let’s take a look at the average cost of solar panels in Lawrence Park.
In Lawrence Park, solar panels cost about 4 per watt on average.Using this figure, a typical 6.9-kW system would cost about $17,209 before the 0 federal solar tax credit is applied.
These figures are just averages, and your own solar costs will most likely vary based on your specific situation and what company you choose to go with.But, after you've paid the initial cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $17,000 over 20 years on energy bills.
To get a free quote from a pre-vetted solar installation company in Lawrence Park, you can click the button below.
Solar savings over time in Lawrence Park
| Year | Return on Investment |
|---|---|
| 1 years | $-15,732 |
| 3 years | $-12,777 |
| 5 years | $-9,822 |
| 7 years | $-6,867 |
| 9 years | $-3,912 |
| 11 years | $-957 |
| 13 years | $1,998 |
| 15 years | $4,953 |
| 17 years | $7,908 |
| 19 years | $10,863 |
| 21 years | $13,818 |
| 23 years | $16,772 |
| 25 years | $19,727 |
Top Solar Installers in Lawrence Park
Although you can install solar panels on your own, it requires extra labor and know-how. That's one of the reasons most people choose to go with a solar panel installer. Another great thing about choosing a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Lawrence Park
Factors that Affect Solar Panel Costs in Lawrence Park
The cost of installing a solar system in Lawrence Park can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $3,550 per kilowatt in Lawrence Park.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Lawrence Park have solar loans, which reduce the initial cost of installing solar panels.Though solar loans make switching to solar energy more accessible for Lawrence Park homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you select will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $11,004 | 14.6 years |
| 8 kW | $3.62 | $20,278 | $15,070 | 14.3 years |
| 10 kW | $3.55 | $24,850 | $19,335 | 14.1 years |
| 12 kW | $3.48 | $29,224 | $23,798 | 13.8 years |
| 14 kW | $3.41 | $33,398 | $28,460 | 13.5 years |
| 16 kW | $3.34 | $37,374 | $33,321 | 13.2 years |
| 18 kW | $3.27 | $41,152 | $38,381 | 12.9 years |
| 20 kW | $3.19 | $44,730 | $43,639 | 12.7 years |
How to Save on Solar Panels
The solar installer you opt for will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Solar Panel Brands: The kind of solar panel you’d like plays a role in which installer you should go with, since different companies have access to different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar company. Make sure you understand how the installation process works and the project completion timeline.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Lawrence Park, PA Solar Cost FAQs
How much does it cost to install solar panels in Lawrence Park?
This is a hard question to answer exactly, 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 more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Lawrence Park?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How will solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lawrence Park is currently $189,496, so you can look forward to a value of about $7,769 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Lawrence Park is a rewarding investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.