Solar Panel Cost Guide in Lower Nazareth, PA (2023 Update)
- Lower Nazareth Solar Installation Cost: $11,977
- 25-Year Savings: $12,977
- Payback Period: 12.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Lower Nazareth
We go over average solar pricing in Lower Nazareth.
In Lower Nazareth, solar panels cost about 2.55 per watt on average. The average solar panel system size in Lower Nazareth is around 6.7 kilowatts, meaning a cost of about $11,977 for a solar installation, or $17,127 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Lower Nazareth can save around $14,000 on their power bills over 20 years.
Click the button below to get connected to a top solar installer in Lower Nazareth for a custom estimate.
Solar savings over time in Lower Nazareth
| Year | Return on Investment |
|---|---|
| 1 years | $-10,979 |
| 3 years | $-8,983 |
| 5 years | $-6,987 |
| 7 years | $-4,990 |
| 9 years | $-2,994 |
| 11 years | $-998 |
| 13 years | $999 |
| 15 years | $2,995 |
| 17 years | $4,991 |
| 19 years | $6,988 |
| 21 years | $8,984 |
| 23 years | $10,980 |
| 25 years | $12,977 |
Top Solar Installers in Lower Nazareth
Putting up solar panels on your own can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be invaluable as well, especially if you don't quite know what brand of solar equipment would be right for your home.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Nazareth
Factors that Affect Solar Panel Costs in Lower Nazareth
The cost of installing a solar system in Lower Nazareth can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The model of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on 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 into a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Lower Nazareth, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of financing options, 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
A final consideration when trying to estimate the cost of solar for your home or business in Lower Nazareth is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $11,188 | 12.5 years |
| 8 kW | $2.60 | $14,566 | $15,202 | 12.2 years |
| 10 kW | $2.55 | $17,850 | $19,360 | 12.0 years |
| 12 kW | $2.50 | $20,992 | $23,660 | 11.8 years |
| 14 kW | $2.45 | $23,990 | $28,103 | 11.5 years |
| 16 kW | $2.40 | $26,846 | $32,689 | 11.3 years |
| 18 kW | $2.35 | $29,560 | $37,418 | 11.0 years |
| 20 kW | $2.29 | $32,130 | $42,290 | 10.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will have various brands and types of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Contract: When reading through your solar company'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.
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 Nazareth, PA Solar Cost FAQs
What is the average cost of installing solar panels in Lower Nazareth?
This is a hard question to answer exactly, 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside 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 the value of your home?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't opt 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 Lower Nazareth?
Although 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 their energy production will have decreased significantly after that point. You can opt to replace them after having 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.