Solar Panel Cost Guide in Loyalsock, PA (Mar 2023)
- Loyalsock Solar Installation Cost: $12,566
- 25-Year Savings: $14,889
- Payback Period: 11.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Loyalsock
Let's have a look at the average cost of solar panels in Loyalsock.
The national average cost of solar panels is $2.66 per watt, but in Loyalsock it's 2.55 per watt. Using this figure, a typical 7.0-kW system would cost about $12,566 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may vary based on factors unique to your home and what company you want to go with. For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Loyalsock see about $15,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Loyalsock
| Year | Return on Investment |
|---|---|
| 1 years | $-11,468 |
| 3 years | $-9,272 |
| 5 years | $-7,075 |
| 7 years | $-4,879 |
| 9 years | $-2,683 |
| 11 years | $-486 |
| 13 years | $1,710 |
| 15 years | $3,907 |
| 17 years | $6,103 |
| 19 years | $8,299 |
| 21 years | $10,496 |
| 23 years | $12,692 |
| 25 years | $14,889 |
Top Solar Installers in Loyalsock
When switching to solar energy, many homeowners prefer to use a solar company since installing solar panels yourself can be a time-consuming project. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be right for your home.
If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our recommendations for providers in Loyalsock:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Loyalsock
Factors that Affect Solar Panel Costs in Loyalsock
The cost of installing a solar system in Loyalsock can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need, 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 nearly $2,550. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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, more efficient panels could save you more in the long run on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Loyalsock average.
Solar Financing Terms
Most solar installers in Loyalsock offer solar loans, which reduce your upfront costs of installing solar. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can impact your pricing. Loyalsock's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $12,255 | 11.9 years |
| 8 kW | $2.60 | $14,566 | $16,625 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $21,139 | 11.4 years |
| 12 kW | $2.50 | $20,992 | $25,795 | 11.2 years |
| 14 kW | $2.45 | $23,990 | $30,594 | 11.0 years |
| 16 kW | $2.40 | $26,846 | $35,536 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,620 | 10.5 years |
| 20 kW | $2.29 | $32,130 | $45,848 | 10.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar companies 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 hire.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: When making the switch to solar, it's essential to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project completion timeline.
- Contract: Before signing a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Loyalsock, PA Solar Cost FAQs
What is the average cost of installing solar panels in Loyalsock?
The average cost of solar panels in Loyalsock is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Loyalsock?
Leasing solar panels can be an attractive choice, as it usually 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 option if you want to maximize your savings.
Is going solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses 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.