Solar Panel Cost Guide in Loyalhanna, PA (2023 Update)
- Loyalhanna Solar Installation Cost: $12,552
- 25-Year Savings: $8,492
- Payback Period: 14.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Loyalhanna
Find out how much it might cost to install solar panels in Loyalhanna.
The average cost of a solar panel system in Loyalhanna is 2.55 per watt. Because a 7.0-kW system is needed to cover the energy needs of a typical home in Loyalhanna, the average price of going solar will be about $12,549 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Loyalhanna homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. With average savings of about $11,000 on energy bills over 20 years, many homeowners in Loyalhanna find installing solar panels can pay off big.
You can click the button below to get connected with a vetted solar company in Loyalhanna that can help you get a more accurate cost estimate for your home.
Solar savings over time in Loyalhanna
| Year | Return on Investment |
|---|---|
| 1 years | $-11,469 |
| 3 years | $-9,304 |
| 5 years | $-7,138 |
| 7 years | $-4,972 |
| 9 years | $-2,806 |
| 11 years | $-640 |
| 13 years | $1,526 |
| 15 years | $3,691 |
| 17 years | $5,857 |
| 19 years | $8,023 |
| 21 years | $10,189 |
| 23 years | $12,355 |
| 25 years | $14,520 |
Top Solar Installers in Loyalhanna
When going solar, many homeowners choose to go with a solar installation company since installing a solar system yourself can be a time-consuming project. Plus, if you're unsure what type of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar installer in Loyalhanna, the EcoWatch team has put together a list of our top suggestions here:
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 Loyalhanna
Factors that Affect Solar Panel Costs in Loyalhanna
For many Loyalhanna homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Loyalhanna, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,550. The model of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions 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 researching a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Loyalhanna homeowners decide to finance their solar panel systems to offset upfront costs. 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 off the loan.
Solar Panel Installation Company
The solar company you pick will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Loyalhanna know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $2.65 | $11,138 | $6,817 | 15.5 years |
| 8 kW | $2.60 | $14,566 | $9,375 | 15.2 years |
| 10 kW | $2.55 | $17,850 | $12,075 | 14.9 years |
| 12 kW | $2.50 | $20,992 | $14,919 | 14.6 years |
| 14 kW | $2.45 | $23,990 | $17,905 | 14.3 years |
| 16 kW | $2.40 | $26,846 | $21,034 | 14.0 years |
| 18 kW | $2.35 | $29,560 | $24,306 | 13.7 years |
| 20 kW | $2.29 | $32,130 | $27,720 | 13.4 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Different companies have various brands and models of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
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 Loyalhanna, PA Solar Cost FAQs
What is the average cost of installing solar panels in Loyalhanna?
The average cost of solar panels in Loyalhanna 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 like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Loyalhanna?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.