Solar Panel Cost Guide in London Grove, PA (2023 Update)
- London Grove Solar Installation Cost: $11,674
- 25-Year Savings: $14,388
- Payback Period: 11.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in London Grove
Let's have a look at the average cost of solar in London Grove.
Currently, the national average cost of solar panels is $2.66 per watt. However, in London Grove, the average cost of solar panels is 2.55 per watt. Since a 6.5-kW system is needed to cover the energy needs of a typical home in London Grove, the average price of going solar will be about $11,674 after claiming the federal solar tax credit of 30%.
The actual price you pay can be higher or lower than the average in London Grove based on several factors, such as the kind of solar panels you choose and the solar company you hire. With average savings of about $15,000 on power bills over 20 years, many homeowners in London Grove find installing solar panels can pay off big.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in London Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-10,631 |
| 3 years | $-8,546 |
| 5 years | $-6,462 |
| 7 years | $-4,377 |
| 9 years | $-2,292 |
| 11 years | $-207 |
| 13 years | $1,878 |
| 15 years | $3,963 |
| 17 years | $6,048 |
| 19 years | $8,133 |
| 21 years | $10,218 |
| 23 years | $12,303 |
| 25 years | $14,388 |
Top Solar Installers in London Grove
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with a solar company can make swapping over to solar power much easier. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
If you'd like to go solar but still aren't certain which solar panel installer to go with, here are our suggestions for providers in London Grove:
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 London Grove
Factors that Affect Solar Panel Costs in London Grove
For many London Grove homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in London Grove, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in London Grove, 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 determine by looking at past electricity bills. Your total cost can increase by about $2,550 for each additional kilowatt you need. There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. Plus, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many London Grove homeowners opt to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of financing options, including the amount of 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in London Grove is the company you hire to install your solar panel system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services at different costs. The company's size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $12,781 | 11.6 years |
| 8 kW | $2.60 | $14,566 | $17,326 | 11.4 years |
| 10 kW | $2.55 | $17,850 | $22,015 | 11.2 years |
| 12 kW | $2.50 | $20,992 | $26,846 | 11.0 years |
| 14 kW | $2.45 | $23,990 | $31,820 | 10.7 years |
| 16 kW | $2.40 | $26,846 | $36,937 | 10.5 years |
| 18 kW | $2.35 | $29,560 | $42,197 | 10.3 years |
| 20 kW | $2.29 | $32,130 | $47,600 | 10.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Contract: Before signing a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
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 London Grove, PA Solar Cost FAQs
How much does it cost to install solar panels in London Grove?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly 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 additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in London Grove?
Leasing solar panels can be an attractive choice, because it usually 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
How will having solar panels impact my 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 London Grove is currently $331,311, so you can expect a value of about $13,584 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in London Grove is a worthwhile investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.