Solar Panel Cost Guide in Monaca, PA (2024 Update)
- Monaca Solar Installation Cost: $17,357
- 25-Year Savings: $17,246
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Monaca
Let’s have a look at the average cost of solar in Monaca.
While the national average of solar panels is $2.66 per watt, solar panels in Monaca generally cost about 4.To cover the typical energy usage of the average home in Monaca, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,357, or $24,821 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Monaca homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a sound investment. The average homeowner in Monaca can save around $16,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Monaca
| Year | Return on Investment |
|---|---|
| 1 years | $-15,720 |
| 3 years | $-12,446 |
| 5 years | $-9,172 |
| 7 years | $-5,899 |
| 9 years | $-2,625 |
| 11 years | $649 |
| 13 years | $3,923 |
| 15 years | $7,197 |
| 17 years | $10,471 |
| 19 years | $13,744 |
| 21 years | $17,018 |
| 23 years | $20,292 |
| 25 years | $23,566 |
Top Solar Installers in Monaca
Many homeowners opt for a solar panel installer since trying to install solar panels yourself can be hard. The payback period on a solar system will vary depending on factors like your roof configuration and energy usage, but working with a solar company can shorten it. Your provider will be able to help you apply for incentives available in your area.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Monaca
Factors that Affect Solar Panel Costs in Monaca
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Monaca: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The solar equipment you choose can bring your price up or down 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 over time on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Monaca average.
Solar Financing Terms
Many homeowners find the average cost of solar in Monaca to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for and also is 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 | $3.69 | $15,506 | $10,018 | 15.2 years |
| 8 kW | $3.62 | $20,278 | $13,755 | 14.9 years |
| 10 kW | $3.55 | $24,850 | $17,691 | 14.6 years |
| 12 kW | $3.48 | $29,224 | $21,826 | 14.3 years |
| 14 kW | $3.41 | $33,398 | $26,159 | 14.0 years |
| 16 kW | $3.34 | $37,374 | $30,692 | 13.7 years |
| 18 kW | $3.27 | $41,152 | $35,423 | 13.4 years |
| 20 kW | $3.19 | $44,730 | $40,353 | 13.1 years |
How to Save on Solar Panels
Since the kind 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 select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The model of solar panel you need plays a part in which company you should opt for, since different companies offer different panels.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Monaca, PA Solar Cost FAQs
How much does it cost to install solar panels in Monaca?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Monaca?
You can’t get solar panels for free in Monaca. 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.
Can solar panels completely eradicate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Monaca, that will require at least a 10-kW system. Not all homes will have the roof space for 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?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.