Solar Panel Cost Guide in Lower Chanceford, PA (2023 Update)
- Lower Chanceford Solar Installation Cost: $11,779
- 25-Year Savings: $14,211
- Payback Period: 11.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lower Chanceford
We break down average solar pricing in Lower Chanceford.
The average cost of a solar system in Lower Chanceford is 2.55 per watt. The average Lower Chanceford homeowner needs a 6.6-kilowatt system, which would cost about $11,781 with the federal tax credit, or $16,847 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what solar installer you go with. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $15,000 over 20 years on power bills.
To get a free estimate from a top solar installation company in Lower Chanceford, you can click the button below.
Solar savings over time in Lower Chanceford
| Year | Return on Investment |
|---|---|
| 1 years | $-11,692 |
| 3 years | $-11,519 |
| 5 years | $-11,346 |
| 7 years | $-11,173 |
| 9 years | $-10,999 |
| 11 years | $-10,826 |
| 13 years | $-10,653 |
| 15 years | $-10,480 |
| 17 years | $-10,306 |
| 19 years | $-10,133 |
| 21 years | $-9,960 |
| 23 years | $-9,787 |
| 25 years | $-9,613 |
Top Solar Installers in Lower Chanceford
Installing solar panels yourself can be a time-consuming task, which is why hiring a solar installation company is a good option for many homeowners. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
Working with a licensed solar installer 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 Lower Chanceford
Factors that Affect Solar Panel Costs in Lower Chanceford
For many Lower Chanceford homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Lower Chanceford, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels 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 better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. The kind of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Lower Chanceford provide solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also increases your total costs, so it's vital to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Lower Chanceford is the company you choose to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better 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 discount can bring their pricing down 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 | $12,492 | 11.8 years |
| 8 kW | $2.60 | $14,566 | $16,942 | 11.6 years |
| 10 kW | $2.55 | $17,850 | $21,535 | 11.3 years |
| 12 kW | $2.50 | $20,992 | $26,270 | 11.1 years |
| 14 kW | $2.45 | $23,990 | $31,148 | 10.9 years |
| 16 kW | $2.40 | $26,846 | $36,169 | 10.7 years |
| 18 kW | $2.35 | $29,560 | $41,333 | 10.4 years |
| 20 kW | $2.29 | $32,130 | $46,640 | 10.2 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Make sure you're on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Contract: Before signing a contract with a solar installer, make sure to read it through 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 component breaks or malfunctions and what services you can expect from them.
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 Lower Chanceford, PA Solar Cost FAQs
What is the average cost of installing solar panels in Lower Chanceford?
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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Lower Chanceford?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How long do solar panels last in Lower Chanceford?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having 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.