Solar Panel Cost Guide in Lynn, PA (Feb 2023)
- Lynn Solar Installation Cost: $11,924
- 25-Year Savings: $13,030
- Payback Period: 11.9 Years
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Top Solar Installers in Lynn
When going solar, many homeowners prefer to hire a solar installer since installing solar panels yourself can be a time-consuming project. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Lynn
Factors that Affect Solar Panel Costs in Lynn
The cost of installing a solar system in Lynn can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
The size of the solar energy system you need, 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 around $2,550. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. In addition, add-on products, like solar batteries, can bring your total well above the Lynn average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Lynn homeowners decide to finance their solar panel systems to make going solar more affordable. It's a good idea to add 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 the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Lynn, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Lynn are more knowledgeable 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 end up saving you 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||$11,287||12.4 years|
|8 kW||$2.60||$14,566||$15,335||12.2 years|
|10 kW||$2.55||$17,850||$19,525||11.9 years|
|12 kW||$2.50||$20,992||$23,859||11.7 years|
|14 kW||$2.45||$23,990||$28,335||11.5 years|
|16 kW||$2.40||$26,846||$32,954||11.2 years|
|18 kW||$2.35||$29,560||$37,716||11.0 years|
|20 kW||$2.29||$32,130||$42,620||10.7 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: Before signing a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
EcoWatch's Lynn, PA Solar Cost FAQs
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.