Solar Panel Cost Guide in Maytown, PA (2023 Update)
- Maytown Solar Installation Cost: $11,727
- 25-Year Savings: $13,012
- Payback Period: 11.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Maytown
Find out what the average cost of solar panels are in Maytown.
Although the national average of solar panels is $2.66 per watt, solar panels in Maytown typically cost around 2.55. To cover the typical energy needs of the average home in Maytown, most homeowners require a 6.6-kilowatt system. Using the figure above, a solar installation costs around $11,727, or $16,770 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what solar installer you go with. With average savings of about $14,000 on power bills over 20 years, many homeowners in Maytown find going solar can pay off big.
You can click the button below to get connected with a vetted solar company in Maytown for a quote for your home.
Solar savings over time in Maytown
| Year | Return on Investment |
|---|---|
| 1 years | $-10,738 |
| 3 years | $-8,759 |
| 5 years | $-6,780 |
| 7 years | $-4,800 |
| 9 years | $-2,821 |
| 11 years | $-842 |
| 13 years | $1,137 |
| 15 years | $3,116 |
| 17 years | $5,095 |
| 19 years | $7,075 |
| 21 years | $9,054 |
| 23 years | $11,033 |
| 25 years | $13,012 |
Top Solar Installers in Maytown
When switching to solar energy, many homeowners prefer to hire a solar company since overseeing your solar installation yourself can be a challenging project. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are various 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 Maytown
Factors that Affect Solar Panel Costs in Maytown
For many Maytown homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Maytown, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require better technology and/or more equipment, both of which can increase 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Maytown, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. Even though solar loans make adopting solar energy more accessible for Maytown homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Maytown, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that provides the products, warranties and services you want and also fits within your budget.
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 | $11,448 | 12.3 years |
| 8 kW | $2.60 | $14,566 | $15,549 | 12.1 years |
| 10 kW | $2.55 | $17,850 | $19,794 | 11.9 years |
| 12 kW | $2.50 | $20,992 | $24,181 | 11.6 years |
| 14 kW | $2.45 | $23,990 | $28,711 | 11.4 years |
| 16 kW | $2.40 | $26,846 | $33,383 | 11.1 years |
| 18 kW | $2.35 | $29,560 | $38,199 | 10.9 years |
| 20 kW | $2.29 | $32,130 | $43,157 | 10.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Before signing a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
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 Maytown, PA Solar Cost FAQs
What is the average cost of installing solar panels in Maytown?
The average cost of solar panels in Maytown is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Maytown?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on electricity bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Maytown, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.