Solar Panel Cost Guide in Loyalsock, PA (2024 Update)
- Loyalsock Solar Installation Cost: $17,499
- 25-Year Savings: $14,886
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Loyalsock
We go over average solar pricing in Loyalsock.
The average cost of solar panels in Loyalsock is 4 per watt.Using this figure, a typical 7.0-kW system would cost about $17,499 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar system you choose, your solar contractor and more.For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $15,000 in savings on energy bills over 20 years.
To receive a free quote from a top solar company in Loyalsock, you can click the button below.
Solar savings over time in Loyalsock
| Year | Return on Investment |
|---|---|
| 1 years | $-16,021 |
| 3 years | $-13,066 |
| 5 years | $-10,111 |
| 7 years | $-7,156 |
| 9 years | $-4,201 |
| 11 years | $-1,247 |
| 13 years | $1,708 |
| 15 years | $4,663 |
| 17 years | $7,618 |
| 19 years | $10,573 |
| 21 years | $13,528 |
| 23 years | $16,483 |
| 25 years | $19,438 |
Top Solar Installers in Loyalsock
Installing solar panels yourself can be a difficult task, which is why using a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 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 determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,550. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Loyalsock, where sunlight isn’t as 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
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Loyalsock homeowners opt to finance their solar panel systems to make going solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Loyalsock is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets.Some companies 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 at a higher cost. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also fit into 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 | $3.69 | $15,506 | $7,887 | 16.6 years |
| 8 kW | $3.62 | $20,278 | $10,913 | 16.3 years |
| 10 kW | $3.55 | $24,850 | $14,139 | 15.9 years |
| 12 kW | $3.48 | $29,224 | $17,563 | 15.6 years |
| 14 kW | $3.41 | $33,398 | $21,186 | 15.3 years |
| 16 kW | $3.34 | $37,374 | $25,008 | 15.0 years |
| 18 kW | $3.27 | $41,152 | $29,028 | 14.7 years |
| 20 kW | $3.19 | $44,730 | $33,248 | 14.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
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 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 $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 such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas 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 will installing solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Loyalsock is currently $229,384, which means you can look forward to a value of about $9,405 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Loyalsock is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out how many solar panels 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 generally produce about 250 to 400 watt-hours per hour, the average home 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.