Solar Panel Cost Guide in Martic, PA (2023 Update)
- Martic Solar Installation Cost: $11,731
- 25-Year Savings: $13,771
- Payback Period: 11.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Martic
Let's have a look at the average cost of solar panels in Martic.
The national average cost of solar panels is $2.66 per watt, but in Martic it's 2.55 per watt. The average Martic homeowner needs a 6.6-kilowatt system, which would cost about $11,727 with the federal tax credit, or $16,770 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Martic homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $15,000 on power bills over 20 years, many homeowners in Martic find investing in solar can be quite rewarding.
Click the button below to get connected to a top solar panel company in your area for a personalized estimate.
Solar savings over time in Martic
| Year | Return on Investment |
|---|---|
| 1 years | $-11,646 |
| 3 years | $-11,476 |
| 5 years | $-11,306 |
| 7 years | $-11,136 |
| 9 years | $-10,966 |
| 11 years | $-10,796 |
| 13 years | $-10,626 |
| 15 years | $-10,456 |
| 17 years | $-10,286 |
| 19 years | $-10,116 |
| 21 years | $-9,946 |
| 23 years | $-9,776 |
| 25 years | $-9,606 |
Top Solar Installers in Martic
Installing solar panels on your own can be a time-consuming undertaking, which is why getting a solar installation company is a good option for many homeowners. The payback period on a solar system will vary depending on factors like your roof configuration and energy usage, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
If you'd like to go solar but still aren't certain which solar company 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 Martic
Factors that Affect Solar Panel Costs in Martic
The cost of installing a solar system in Martic can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have 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 kind of solar equipment you choose can increase or decrease your cost 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. However, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Martic average.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable choice because they lower your upfront costs and let you pay for your system over five to seven years on average. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you select will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Martic have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $12,144 | 12.0 years |
| 8 kW | $2.60 | $14,566 | $16,477 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $20,954 | 11.5 years |
| 12 kW | $2.50 | $20,992 | $25,573 | 11.3 years |
| 14 kW | $2.45 | $23,990 | $30,335 | 11.0 years |
| 16 kW | $2.40 | $26,846 | $35,239 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,287 | 10.6 years |
| 20 kW | $2.29 | $32,130 | $45,477 | 10.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which company you should choose, since different companies have different panels.
- 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.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Martic, PA Solar Cost FAQs
What is the average cost of installing solar panels in Martic?
The average cost of solar panels in Martic 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 consume.
Are solar panels free in Martic?
You can't get solar panels for free in Martic. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Does Martic have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.