Solar Panel Cost Guide in Lower Oxford, PA (2023 Update)
- Lower Oxford Solar Installation Cost: $11,669
- 25-Year Savings: $14,042
- Payback Period: 11.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Lower Oxford
We break down average solar pricing in Lower Oxford.
The average cost of a solar panel system in Lower Oxford is 2.55 per watt. The average Lower Oxford homeowner needs a 6.5-kilowatt system, which would cost about $11,674 with the federal tax credit, or $16,694 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar system you want, your solar contractor and more. Even with the high upfront cost, the average Lower Oxford homeowner can save around $15,000 on their electricity bills over 20 years, which is one of the perks of solar.
To get a free estimate from a highly rated solar company in Lower Oxford, you can click the button below.
Solar savings over time in Lower Oxford
| Year | Return on Investment |
|---|---|
| 1 years | $-11,584 |
| 3 years | $-11,412 |
| 5 years | $-11,241 |
| 7 years | $-11,069 |
| 9 years | $-10,898 |
| 11 years | $-10,727 |
| 13 years | $-10,555 |
| 15 years | $-10,384 |
| 17 years | $-10,212 |
| 19 years | $-10,041 |
| 21 years | $-9,870 |
| 23 years | $-9,698 |
| 25 years | $-9,527 |
Top Solar Installers in Lower Oxford
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of a solar company can make your switch to solar power much easier. Some solar installers, particularly local ones, can help you take advantage of incentives in Lower Oxford, optimizing your ROI.
There are various licensed solar professionals that can help you install your solar panels. 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 Oxford
Factors that Affect Solar Panel Costs in Lower Oxford
Though the average cost of a solar system in Lower Oxford is $11,674, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar system in Lower Oxford, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past power bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Lower Oxford average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Lower Oxford homeowners decide to finance their solar panel systems to make paying for solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you select will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $12,459 | 11.8 years |
| 8 kW | $2.60 | $14,566 | $16,898 | 11.6 years |
| 10 kW | $2.55 | $17,850 | $21,479 | 11.3 years |
| 12 kW | $2.50 | $20,992 | $26,203 | 11.1 years |
| 14 kW | $2.45 | $23,990 | $31,070 | 10.9 years |
| 16 kW | $2.40 | $26,846 | $36,080 | 10.7 years |
| 18 kW | $2.35 | $29,560 | $41,233 | 10.4 years |
| 20 kW | $2.29 | $32,130 | $46,528 | 10.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established 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 check your installer's reputation is by reading reviews.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Oxford, PA Solar Cost FAQs
How much does it cost to install solar panels in Lower Oxford?
The average cost of solar panels in Lower Oxford 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Lower Oxford?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback 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 way to go if you want to get the most savings.
Can you sell solar power back to the grid in Lower Oxford?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.