Solar Panel Cost Guide in Lorane, PA (2023 Update)

  • Lorane Solar Installation Cost: $11,872
  • 25-Year Savings: $13,725
  • Payback Period: 11.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated September 15, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Lorane

Find out how much it might cost to go solar in Lorane.

Although the national average of solar panels is $2.66 per watt, solar panels in Lorane typically cost about 2.55. To account for the typical energy usage of the average home in Lorane, most homeowners require a 6.7-kilowatt system. Using the figure above, a solar installation costs about $11,870, or $16,974 before the federal solar tax credit of 30% is applied.

These figures are just estimates, and how much solar costs for you will differ based on your energy needs and what company you choose to go with. With typical savings of about $15,000 on power bills over 20 years, many homeowners in Lorane find investing in solar can pay off big.

You can click the button below to get connected with a vetted solar company in Lorane that can help you get a more accurate cost estimate for your home.

Solar savings over time in Lorane

Year Return on Investment
1 years $-10,629
3 years $-8,143
5 years $-5,657
7 years $-3,171
9 years $-685
11 years $1,801
13 years $4,287
15 years $6,773
17 years $9,259
19 years $11,745
21 years $14,230
23 years $16,716
25 years $19,202

Top Solar Installers in Lorane

Many homeowners opt for a solar installer since trying to put up solar panels by yourself can be challenging. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be right for your family.

If you're searching for a solar installer in Lorane, we've compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Lorane

Factors that Affect Solar Panel Costs in Lorane

The cost of installing a solar system in Lorane can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment

The size of the solar system you need to offset your energy usage, which is measured in kilowatts, 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 increase or decrease your cost 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 electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Lorane average.

Solar Financing Terms

Most solar installers in Lorane offer solar loans, which reduce the initial cost of installing solar. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panels can play a part in determining the cost. Lorane's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that provides the products, warranties and services you're looking for and also fits within your budget.

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 $11,953 12.1 years
8 kW $2.60 $14,566 $16,223 11.8 years
10 kW $2.55 $17,850 $20,636 11.6 years
12 kW $2.50 $20,992 $25,192 11.4 years
14 kW $2.45 $23,990 $29,890 11.1 years
16 kW $2.40 $26,846 $34,731 10.9 years
18 kW $2.35 $29,560 $39,715 10.7 years
20 kW $2.29 $32,130 $44,842 10.4 years

How to Save on Solar Panels

The solar panel company you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:

  • Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
  • Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
  • Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
  • Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Lorane, PA Solar Cost FAQs

How much does it cost to install solar panels in Lorane?

The average cost of solar panels in Lorane is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in Lorane?

A solar panel system isn't free in Lorane, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

Can you sell solar power back to the grid in Lorane?

The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

What solar power system size is right for my home?

To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.

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.

Follow us