Solar Panel Cost Guide in Leacock, PA (2023 Update)
- Leacock Solar Installation Cost: $11,727
- 25-Year Savings: $12,583
- Payback Period: 12.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Leacock
Find out how much it might cost to install solar panels in Leacock.
In Leacock, solar panels cost about 2.55 per watt on average. The average solar panel system size in Leacock is around 6.6 kilowatts, meaning a cost of about $11,727 for a solar installation, or $16,770 before the 30% federal solar tax credit is applied.
The actual price you pay can go above or below the average in Leacock depending on several factors, such as the brand of solar panels you choose and the solar company you hire. For many homeowners, the upfront investment in solar is worth paying. On average Leacock homeowners see about $14,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar company in Leacock for a personalized estimate.
Solar savings over time in Leacock
| Year | Return on Investment |
|---|---|
| 1 years | $-10,755 |
| 3 years | $-8,810 |
| 5 years | $-6,865 |
| 7 years | $-4,920 |
| 9 years | $-2,976 |
| 11 years | $-1,031 |
| 13 years | $914 |
| 15 years | $2,859 |
| 17 years | $4,804 |
| 19 years | $6,749 |
| 21 years | $8,694 |
| 23 years | $10,638 |
| 25 years | $12,583 |
Top Solar Installers in Leacock
When making the switch to solar, many homeowners opt to use a solar installation company since putting up a solar system yourself can be a challenging project. The expertise that solar companies provide can be useful as well, especially if you don't quite know what kind of solar equipment you need.
Working with a licensed 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
See all of the solar companies in Leacock
Factors that Affect Solar Panel Costs in Leacock
Although the average cost of a solar system in Leacock is $11,727, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
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. For that reason, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Leacock average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Leacock, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. Though solar loans make adopting solar energy more accessible for Leacock homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Leacock, you'll have many options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $11,056 | 12.5 years |
| 8 kW | $2.60 | $14,566 | $15,027 | 12.3 years |
| 10 kW | $2.55 | $17,850 | $19,141 | 12.1 years |
| 12 kW | $2.50 | $20,992 | $23,398 | 11.8 years |
| 14 kW | $2.45 | $23,990 | $27,797 | 11.6 years |
| 16 kW | $2.40 | $26,846 | $32,339 | 11.3 years |
| 18 kW | $2.35 | $29,560 | $37,024 | 11.1 years |
| 20 kW | $2.29 | $32,130 | $41,852 | 10.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- 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 installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you're concerned about the longevity of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies carry different brands and models of panels. If you want a specific brand, make sure the solar panel installer 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 Leacock, PA Solar Cost FAQs
How much does it cost to install solar panels in Leacock?
This is a hard question to answer precisely, 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. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places 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.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Leacock is currently $270,433, which means you can look forward to a value of about $11,088 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Leacock 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 needs and the amount of sunlight your roof gets. You can take a 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 buy 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.
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.