Solar Panel Cost Guide in Levittown, PA (Aug 2022)
- Levittown Solar Installation Cost: $12,416
- 25-Year Savings: $14,229
- Payback Period: 11.7 Years
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Updated 7/19/2022
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Average Cost of Solar Panels in Levittown
Find out what the average cost of solar panels are in Levittown.
In Levittown, solar panels cost about $3 per watt on average. The average solar panel system size in Levittown is around 6.6 kilowatts, meaning a cost of about $12,416 for a solar installation, or $9,188 after the federal solar tax credit is applied.
The actual price you pay can go above or below the average in Levittown depending on a few factors, such as the brand of solar panels you choose and the solar company you hire. Despite the large initial cost, the average Levittown homeowner can save around $15,000 on their power bills over 20 years, which is one of the advantages of solar.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Levittown
| Year | Return on Investment |
|---|---|
| 1 years | $-11,351 |
| 3 years | $-9,219 |
| 5 years | $-7,087 |
| 7 years | $-4,956 |
| 9 years | $-2,824 |
| 11 years | $-692 |
| 13 years | $1,439 |
| 15 years | $3,571 |
| 17 years | $5,702 |
| 19 years | $7,834 |
| 21 years | $9,966 |
| 23 years | $12,097 |
| 25 years | $14,229 |
Top Solar Installers in Levittown
Although it's possible to install solar panels by yourself, it takes extra labor and expertise. For that reason, most people choose to hire a solar panel installer. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
If you're looking for a solar installer in Levittown, the EcoWatch team has compiled a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
The Green Panel
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Levittown
Factors that Affect Solar Panel Costs in Levittown
The cost of installing a solar system in Levittown can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment Size
The size of the solar system you need for your household is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,550. The type of 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, higher efficiency could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Levittown average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Levittown, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies in Levittown, and each can charge varying amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut 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 car 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 | $2.65 | $11,775 | $12,509 | 12.1 years |
| 8 kW | $2.60 | $15,398 | $16,981 | 11.9 years |
| 10 kW | $2.55 | $18,870 | $21,603 | 11.7 years |
| 12 kW | $2.50 | $22,191 | $26,377 | 11.4 years |
| 14 kW | $2.45 | $25,361 | $31,301 | 11.2 years |
| 16 kW | $2.40 | $28,380 | $36,377 | 11.0 years |
| 18 kW | $2.35 | $31,249 | $41,603 | 10.7 years |
| 20 kW | $2.29 | $33,966 | $46,981 | 10.5 years |
Solar Incentives in Levittown
| Name | Solar Alternative Energy Credits |
| Incentive Amount | Varies based on market conditions; during 2015 the market price for PA-sourced SRECs has ranged from approximately $32 - $55/MWh ($0.032 - $0.055/kWh) although individual trades have taken place at substantially lower and higher prices. |
| Incentive Max | Varies based on market conditions; SACP does not represent a price ceiling because it is only determined after the fact |
| Website | Visit here |
| More Info | Click here |
| Name | High Performance Building Incentives Program |
| Incentive Amount | Vary by project, but program generally requires matching funds at least equivalent to DCED funding |
| Incentive Max | Residential loans/loan guarantees: $100,000 Commercial loans/loan guarantees: $2 million Grants: Lesser of 10% of project costs or $500,000 |
| Website | Visit here |
| More Info | Click here |
| Name | ITC |
| Type | Tax Incentive |
| Incentive Amount | 26% of installation cost |
| Website | Visit here |
| Name | High Performance Buildings Incentive Program |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
There are a lot of companies to choose from in Levittown, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you'd like plays a part in which company you should go with, since different companies have access to different panels.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
The Green Panel
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Levittown, PA Solar Cost FAQs
How much does it cost to install solar panels in Levittown?
The average cost of solar panels in Levittown 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 things like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Levittown?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.
