Solar Panel Cost Guide in Marshall, PA (2023 Update)
- Marshall Solar Installation Cost: $12,441
- 25-Year Savings: $13,292
- Payback Period: 12.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Marshall
See how much it might cost to make the switch to solar in Marshall.
The average cost of a solar system in Marshall is 2.55 per watt. Since a 7.0-kW system is needed to cover the energy needs of a typical home in Marshall, the average price of going solar will be about $12,441 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, 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 homeowners in Marshall see about $14,000 in savings on electricity bills over 20 years.
To receive a free quote from a top solar installation company in Marshall, you can click the button below.
Solar savings over time in Marshall
| Year | Return on Investment |
|---|---|
| 1 years | $-12,356 |
| 3 years | $-12,184 |
| 5 years | $-12,013 |
| 7 years | $-11,841 |
| 9 years | $-11,669 |
| 11 years | $-11,498 |
| 13 years | $-11,326 |
| 15 years | $-11,155 |
| 17 years | $-10,983 |
| 19 years | $-10,812 |
| 21 years | $-10,640 |
| 23 years | $-10,468 |
| 25 years | $-10,297 |
Top Solar Installers in Marshall
Many homeowners opt for a solar installation company since trying to install solar panels on your own can be challenging. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't sure which solar system installer to go with, here are our suggestions for providers near you:
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 Marshall
Factors that Affect Solar Panel Costs in Marshall
There are several factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar energy 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 about $2,550. The model of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on 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 falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid choice because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Marshall is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Marshall are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $11,014 | 12.6 years |
| 8 kW | $2.60 | $14,566 | $14,971 | 12.3 years |
| 10 kW | $2.55 | $17,850 | $19,070 | 12.1 years |
| 12 kW | $2.50 | $20,992 | $23,313 | 11.8 years |
| 14 kW | $2.45 | $23,990 | $27,698 | 11.6 years |
| 16 kW | $2.40 | $26,846 | $32,226 | 11.4 years |
| 18 kW | $2.35 | $29,560 | $36,897 | 11.1 years |
| 20 kW | $2.29 | $32,130 | $41,711 | 10.9 years |
How to Save on Solar Panels
The solar company you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
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 Marshall, PA Solar Cost FAQs
How much does it cost to install solar panels in Marshall?
The average cost of solar panels in Marshall 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 stuff like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Marshall?
You can't get solar panels for free in Marshall. However, you may still be able to afford 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.
Can you sell solar power back to the grid in Marshall?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.