Solar Panel Cost Guide in Lower Towamensing, PA (2023 Update)
- Lower Towamensing Solar Installation Cost: $12,174
- 25-Year Savings: $12,780
- Payback Period: 12.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Lower Towamensing
See how much it might cost to switch to solar power in Lower Towamensing.
The average cost of a solar system in Lower Towamensing is 2.55 per watt. The average Lower Towamensing homeowner needs a 6.8-kilowatt system, which would cost about $12,174 with the federal tax credit, or $17,409 before the 30% tax credit is applied.
These figures are just averages, and your own solar costs will most likely vary based on your specific situation and what company you choose to go with. With average savings of about $14,000 on power bills over 20 years, many homeowners in Lower Towamensing find installing solar panels can pay off big.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lower Towamensing
| Year | Return on Investment |
|---|---|
| 1 years | $-11,176 |
| 3 years | $-9,179 |
| 5 years | $-7,183 |
| 7 years | $-5,187 |
| 9 years | $-3,190 |
| 11 years | $-1,194 |
| 13 years | $802 |
| 15 years | $2,799 |
| 17 years | $4,795 |
| 19 years | $6,791 |
| 21 years | $8,788 |
| 23 years | $10,784 |
| 25 years | $12,780 |
Top Solar Installers in Lower Towamensing
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Hiring a solar panel installer can make your switch to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
There are a number of 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 Towamensing
Factors that Affect Solar Panel Costs in Lower Towamensing
For many Lower Towamensing homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Lower Towamensing, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The brand of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to think 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's in your budget.
Solar Financing Terms
Most solar installers in Lower Towamensing offer solar loans, which reduce the initial cost of installing a solar system. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you choose will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for and also is within your budget.
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 | $10,822 | 12.7 years |
| 8 kW | $2.60 | $14,566 | $14,715 | 12.4 years |
| 10 kW | $2.55 | $17,850 | $18,751 | 12.2 years |
| 12 kW | $2.50 | $20,992 | $22,930 | 11.9 years |
| 14 kW | $2.45 | $23,990 | $27,251 | 11.7 years |
| 16 kW | $2.40 | $26,846 | $31,716 | 11.5 years |
| 18 kW | $2.35 | $29,560 | $36,323 | 11.2 years |
| 20 kW | $2.29 | $32,130 | $41,073 | 11.0 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 find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Warranty: If you care about the endurance of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Reputation: Your solar installer should have a solid 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 positive reviews from previous customers.
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 Towamensing, PA Solar Cost FAQs
What is the average cost of installing solar panels in Lower Towamensing?
The average cost of solar panels in Lower Towamensing 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 things such as the type 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 Towamensing?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside 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.
Is it worth going solar in Lower Towamensing?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 get between 20 and 35 panels to account for 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.