Solar Panel Cost Guide in Mahanoy City, PA (2023 Update)
- Mahanoy City Solar Installation Cost: $12,120
- 25-Year Savings: $12,191
- Payback Period: 12.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mahanoy City
See how much it might cost to switch to solar power in Mahanoy City.
In Mahanoy City, solar panels cost about 2.55 per watt on average. Because a 6.8-kW system is needed to cover the energy usage of a typical home in Mahanoy City, the average price of going solar will be about $12,120 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Mahanoy City homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $14,000 in savings on energy bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Mahanoy City
| Year | Return on Investment |
|---|---|
| 1 years | $-11,148 |
| 3 years | $-9,203 |
| 5 years | $-7,258 |
| 7 years | $-5,313 |
| 9 years | $-3,368 |
| 11 years | $-1,423 |
| 13 years | $521 |
| 15 years | $2,466 |
| 17 years | $4,411 |
| 19 years | $6,356 |
| 21 years | $8,301 |
| 23 years | $10,246 |
| 25 years | $12,191 |
Top Solar Installers in Mahanoy City
When switching to solar energy, many homeowners prefer to hire a solar installation company since installing solar panels yourself can be a time-consuming project. The expertise that solar companies provide can be useful as well, particularly if you aren't sure what kind of solar equipment you need.
There are several licensed solar professionals that can take care of your solar installation project. 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 Mahanoy City
Factors that Affect Solar Panel Costs in Mahanoy City
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Mahanoy City: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Mahanoy City, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Mahanoy City is the company you hire to install your solar system. Similar to choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services at different costs. Additionally, some companies in Mahanoy City know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $10,355 | 13.0 years |
| 8 kW | $2.60 | $14,566 | $14,092 | 12.7 years |
| 10 kW | $2.55 | $17,850 | $17,972 | 12.5 years |
| 12 kW | $2.50 | $20,992 | $21,995 | 12.2 years |
| 14 kW | $2.45 | $23,990 | $26,161 | 12.0 years |
| 16 kW | $2.40 | $26,846 | $30,469 | 11.7 years |
| 18 kW | $2.35 | $29,560 | $34,920 | 11.5 years |
| 20 kW | $2.29 | $32,130 | $39,514 | 11.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: When making the switch to solar energy, it's important to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The type of solar panel you want plays a role in which company you should opt for, since different companies have access to different panels.
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 Mahanoy City, PA Solar Cost FAQs
What is the average cost of installing solar panels in Mahanoy City?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Mahanoy City?
You can't get solar panels for free in Mahanoy City. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $716.44 per year.
How many solar panels do I need 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 buy 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.