Solar Panel Cost Guide in Lewisburg, PA (2023 Update)
- Lewisburg Solar Installation Cost: $12,334
- 25-Year Savings: $8,089
- Payback Period: 15.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Lewisburg
We go over average solar pricing in Lewisburg.
While the national average of solar panels is $2.66 per watt, solar panels in Lewisburg generally cost about 2.55. The average solar panel system size in Lewisburg is around 6.9 kilowatts, meaning a cost of about $12,334 for a solar installation, or $17,638 before the 30% federal solar tax credit is applied.
The actual price you pay can be higher or lower than the average in Lewisburg depending on a few factors, such as the type of solar panels you choose and the solar company you hire. For many homeowners, the upfront investment in solar panels is worth paying. On average Lewisburg homeowners see about $11,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar panel company in your area for a custom quote.
Solar savings over time in Lewisburg
| Year | Return on Investment |
|---|---|
| 1 years | $-11,517 |
| 3 years | $-9,884 |
| 5 years | $-8,250 |
| 7 years | $-6,616 |
| 9 years | $-4,982 |
| 11 years | $-3,348 |
| 13 years | $-1,714 |
| 15 years | $-80 |
| 17 years | $1,554 |
| 19 years | $3,188 |
| 21 years | $4,821 |
| 23 years | $6,455 |
| 25 years | $8,089 |
Top Solar Installers in Lewisburg
Although you can install solar panels yourself, it involves extra labor and knowledge. For that reason, most homeowners choose to hire a solar panel installer. Another perk of using a solar company is that they can help you maximize your ROI by cutting back on future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you'd like to go solar but still aren't sure which solar system company to go with, here are our recommendations for providers near you:
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 Lewisburg
Factors that Affect Solar Panel Costs in Lewisburg
Although the average cost of a solar system in Lewisburg is $12,334, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation 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 are often more expensive 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 greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Lewisburg have solar loans, which reduce your upfront costs of installing a solar system. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Lewisburg, and each can charge varying amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $11,138 | $6,608 | 15.7 years |
| 8 kW | $2.60 | $14,566 | $9,096 | 15.4 years |
| 10 kW | $2.55 | $17,850 | $11,727 | 15.1 years |
| 12 kW | $2.50 | $20,992 | $14,501 | 14.8 years |
| 14 kW | $2.45 | $23,990 | $17,417 | 14.5 years |
| 16 kW | $2.40 | $26,846 | $20,477 | 14.2 years |
| 18 kW | $2.35 | $29,560 | $23,679 | 13.9 years |
| 20 kW | $2.29 | $32,130 | $27,024 | 13.6 years |
How to Save on Solar Panels
There are a lot of companies available in Lewisburg, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: If you care about the endurance of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before signing a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
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 Lewisburg, PA Solar Cost FAQs
How much does it cost to install solar panels in Lewisburg?
This is a difficult question to answer precisely, because the cost depends on a variety of 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Lewisburg?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How will solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lewisburg is currently $219,400, which means you could be looking at a value of about $8,995 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Lewisburg is a fruitful investment.
How long do solar panels last in Lewisburg?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use 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.