Solar Panel Cost Guide in Maxatawny, PA (2023 Update)
- Maxatawny Solar Installation Cost: $11,872
- 25-Year Savings: $13,358
- Payback Period: 11.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Maxatawny
Let's take a look at the average cost of solar panels in Maxatawny.
In Maxatawny, solar panels cost about 2.55 per watt on average. The average solar panel system size in Maxatawny is around 6.7 kilowatts, meaning a cost of about $11,870 for a solar installation, or $16,974 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Maxatawny depending on a few factors, such as the kind of solar panels you choose and the solar company you hire. But, after you've paid the initial cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $14,000 over 20 years on electricity bills.
To get a free estimate from a pre-vetted solar company in Maxatawny, you can click the button below.
Solar savings over time in Maxatawny
| Year | Return on Investment |
|---|---|
| 1 years | $-11,788 |
| 3 years | $-11,620 |
| 5 years | $-11,452 |
| 7 years | $-11,283 |
| 9 years | $-11,115 |
| 11 years | $-10,947 |
| 13 years | $-10,779 |
| 15 years | $-10,611 |
| 17 years | $-10,442 |
| 19 years | $-10,274 |
| 21 years | $-10,106 |
| 23 years | $-9,938 |
| 25 years | $-9,770 |
Top Solar Installers in Maxatawny
Although it's possible to install solar panels by yourself, it requires extra effort and knowledge. Because of that, almost all homeowners choose a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are a number of 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 Maxatawny
Factors that Affect Solar Panel Costs in Maxatawny
There are several criteria that can play into your solar system 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
When it comes to estimating the cost of a solar system in Maxatawny, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. The brand of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Further, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Maxatawny homeowners decide to finance their solar panel systems to make going solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Maxatawny is the company you get to install your solar system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services at different costs. The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $11,622 | 12.2 years |
| 8 kW | $2.60 | $14,566 | $15,781 | 12.0 years |
| 10 kW | $2.55 | $17,850 | $20,083 | 11.8 years |
| 12 kW | $2.50 | $20,992 | $24,528 | 11.5 years |
| 14 kW | $2.45 | $23,990 | $29,116 | 11.3 years |
| 16 kW | $2.40 | $26,846 | $33,847 | 11.1 years |
| 18 kW | $2.35 | $29,560 | $38,720 | 10.8 years |
| 20 kW | $2.29 | $32,130 | $43,737 | 10.6 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose greatly impacts your costs and your system's durability and efficiency, 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: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
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 Maxatawny, PA Solar Cost FAQs
How much does it cost to install solar panels in Maxatawny?
This is a difficult question to answer precisely, 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact my home value?
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 Maxatawny is currently $203,128, which means you can expect a value of about $8,328 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Maxatawny is a rewarding investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.