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 typical cost of solar panels is 4 per watt.The average solar panel system size in Lower Oxford is around 6.5 kilowatts, meaning a cost of about $16,246 for a solar installation, or $23,232 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Lower Oxford depending on a few factors, such as the brand of solar panels you choose and the solar installer you hire.For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Lower Oxford see about $15,000 in savings on energy bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
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 it's possible to install solar panels on your own, it requires extra time and expertise. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. Another advantage of using a solar installer is that they can help you maximize your ROI by lowering your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
Working with a vetted solar company can make going solar easier. 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
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
The cost of installing a solar system in Lower Oxford can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar panel 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 consumption, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,550 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Lower Oxford, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Lower Oxford, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Lower Oxford is the company you hire to install your solar system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services for different budgets.Additionally, some companies in Lower Oxford know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 lot of companies to choose from in Lower Oxford, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of 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 satisfied reviews from previous customers.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: The model of solar panel you need plays a part in which company you should opt for, since different companies have access to different panels.
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?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How much can I save on power bills after switching to solar?
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?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.