Solar Panel Cost Guide in Lebanon, PA (2023 Update)
- Lebanon Solar Installation Cost: $11,869
- 25-Year Savings: $13,299
- Payback Period: 11.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lebanon
Find out what the average cost of a solar system is in Lebanon.
In Lebanon, solar panels cost about 2.55 per watt on average. The average Lebanon homeowner needs a 6.7-kilowatt system, which would cost about $11,870 with the federal tax credit, or $16,974 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of equipment you want to get, your solar contractor and more. Many homeowners find installing a solar system is a solid investment. The average homeowner in Lebanon can save about $14,000 on their electricity bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in your area for a personalized estimate.
Solar savings over time in Lebanon
| Year | Return on Investment |
|---|---|
| 1 years | $-11,785 |
| 3 years | $-11,618 |
| 5 years | $-11,450 |
| 7 years | $-11,282 |
| 9 years | $-11,114 |
| 11 years | $-10,947 |
| 13 years | $-10,779 |
| 15 years | $-10,611 |
| 17 years | $-10,443 |
| 19 years | $-10,275 |
| 21 years | $-10,108 |
| 23 years | $-9,940 |
| 25 years | $-9,772 |
Top Solar Installers in Lebanon
When making the switch to solar, many homeowners prefer to go with a solar installer since DIY solar panel installation can be a difficult project. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
Working with a vetted solar company can help you make the most of your investment in solar. 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 Lebanon
Factors that Affect Solar Panel Costs in Lebanon
While the average cost of a solar system in Lebanon is $11,870, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Lebanon, 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 usage, which you can gauge by looking at past energy bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Lebanon, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Lebanon to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. However, the interest on solar loans also adds to your overall costs, so it's important to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Lebanon is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for example, you'll have many options for solar installers that offer a range of services for different budgets. Additionally, some companies in Lebanon are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $11,572 | 12.3 years |
| 8 kW | $2.60 | $14,566 | $15,714 | 12.0 years |
| 10 kW | $2.55 | $17,850 | $20,000 | 11.8 years |
| 12 kW | $2.50 | $20,992 | $24,428 | 11.6 years |
| 14 kW | $2.45 | $23,990 | $29,000 | 11.3 years |
| 16 kW | $2.40 | $26,846 | $33,714 | 11.1 years |
| 18 kW | $2.35 | $29,560 | $38,570 | 10.8 years |
| 20 kW | $2.29 | $32,130 | $43,570 | 10.6 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Review the contract terms closely to make sure you understand the total cost, project completion timeline rebates and warranties.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: Different companies offer various brands and models of panels. If you want a specific brand, make sure the solar 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 Lebanon, PA Solar Cost FAQs
How much does it cost to install solar panels in Lebanon?
The average cost of solar panels in Lebanon is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Lebanon?
A solar panel system isn't free in Lebanon, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase how much your home is worth?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 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 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.
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.