Solar Panel Cost Guide in Lower Oxford, PA (2024 Update)
- Lower Oxford Solar Installation Cost: $16,246
- 25-Year Savings: $14,042
- Payback Period: 15.8 Years
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Average Cost of Solar Panels in Lower Oxford
Let’s take a look at the average cost of solar in Lower Oxford.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lower Oxford, the average cost of solar panels is 4 per watt.Because a 6.5-kW system is needed to cover the energy usage of a typical home in Lower Oxford, the average price of going solar will be about $16,246 after claiming the federal solar tax credit of 0.
The actual price you pay can go higher or lower than the average in Lower Oxford depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire.But, once you've paid the initial cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $15,000 over 20 years on electricity bills.
Click the button below to get connected to a vetted solar installer in Lower Oxford for a custom quote.
Solar savings over time in Lower Oxford
| Year | Return on Investment |
|---|---|
| 1 years | $-14,919 |
| 3 years | $-12,264 |
| 5 years | $-9,610 |
| 7 years | $-6,956 |
| 9 years | $-4,301 |
| 11 years | $-1,647 |
| 13 years | $1,007 |
| 15 years | $3,662 |
| 17 years | $6,316 |
| 19 years | $8,970 |
| 21 years | $11,625 |
| 23 years | $14,279 |
| 25 years | $16,933 |
Top Solar Installers in Lower Oxford
Although you can install solar panels yourself, it takes extra labor and handiness. That's why most people choose a solar panel installer. Some solar companies, especially local ones, can help you make the most of incentives in Lower Oxford, therefore optimizing your ROI.
If you’d like to switch to solar energy but still aren’t sure which solar panel company to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- 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 Lower Oxford
Factors that Affect Solar Panel Costs in Lower Oxford
There are several factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The solar equipment you choose can increase or decrease your cost 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. However, higher efficiency could save you more in the long run on your power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Lower Oxford average.
Solar Financing Terms
Many homeowners find the average cost of solar in Lower Oxford to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.However, the interest on solar loans also increases your overall costs, so it’s important to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can play a role in determining the cost. Lower Oxford’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk 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 | $3.69 | $15,506 | $8,091 | 16.4 years |
| 8 kW | $3.62 | $20,278 | $11,186 | 16.1 years |
| 10 kW | $3.55 | $24,850 | $14,479 | 15.8 years |
| 12 kW | $3.48 | $29,224 | $17,971 | 15.5 years |
| 14 kW | $3.41 | $33,398 | $21,662 | 15.2 years |
| 16 kW | $3.34 | $37,374 | $25,552 | 14.8 years |
| 18 kW | $3.27 | $41,152 | $29,641 | 14.5 years |
| 20 kW | $3.19 | $44,730 | $33,928 | 14.2 years |
How to Save on Solar Panels
There are a large number of companies available in Lower Oxford, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable 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 verify your installer’s reputation is by reading reviews.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Installation Process: When making the switch to solar energy, it’s essential to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $786.58 per year.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had 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.