Solar Panel Cost Guide in Mohnton, PA (2023 Update)
- Mohnton Solar Installation Cost: $11,870
- 25-Year Savings: $13,084
- Payback Period: 11.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mohnton
Here's how much it might cost to install solar panels in Mohnton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mohnton, the typical cost of a solar system is 2.55 per watt. To cover the typical energy usage of the average home in Mohnton, most homeowners require a 6.7-kilowatt system. Using the figure above, a solar installation costs around $11,870, or $16,974 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and the cost of going solar for you will most likely look different based on your specific situation and what company you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $14,000 over 20 years on utility bills.
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Solar savings over time in Mohnton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,872 |
| 3 years | $-8,876 |
| 5 years | $-6,879 |
| 7 years | $-4,883 |
| 9 years | $-2,887 |
| 11 years | $-890 |
| 13 years | $1,106 |
| 15 years | $3,102 |
| 17 years | $5,098 |
| 19 years | $7,095 |
| 21 years | $9,091 |
| 23 years | $11,087 |
| 25 years | $13,084 |
Top Solar Installers in Mohnton
Installing solar panels by yourself can be a challenging project, which is why hiring a solar installation company is a good option for many homeowners. Companies can also have access to various kinds of the best solar panels and help you pick which one will be best for you.
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 Mohnton
Factors that Affect Solar Panel Costs in Mohnton
The cost of installing a solar system in Mohnton can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. 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. On the other hand, more efficient panels could save you more over time on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Mohnton average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid option because they lower your upfront costs and let you pay for your system over five to seven years on average. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Mohnton, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $11,373 | 12.4 years |
| 8 kW | $2.60 | $14,566 | $15,449 | 12.1 years |
| 10 kW | $2.55 | $17,850 | $19,669 | 11.9 years |
| 12 kW | $2.50 | $20,992 | $24,031 | 11.7 years |
| 14 kW | $2.45 | $23,990 | $28,536 | 11.4 years |
| 16 kW | $2.40 | $26,846 | $33,184 | 11.2 years |
| 18 kW | $2.35 | $29,560 | $37,974 | 10.9 years |
| 20 kW | $2.29 | $32,130 | $42,908 | 10.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose significantly impacts your costs and your system's efficiency, production, and durability, it's important to select 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 look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Warranty: If you're worried about the longevity of your solar system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 Mohnton, PA Solar Cost FAQs
What is the average cost of installing solar panels in Mohnton?
The average cost of solar panels in Mohnton 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 things such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Mohnton?
You can't get solar panels for free in Mohnton. 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.
Can you sell solar power back to the grid in Mohnton?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Mohnton?
On average, the lifespan of solar panels is 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 larger 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.