Solar Panel Cost Guide in Monroe, PA (2025 Update)

  • Monroe Solar Installation Cost: $16,556
  • 25-Year Savings: $14,747
  • Payback Period: 15.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 24, 2025

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Monroe

Let’s take a look at the average cost of solar panels in Monroe.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Monroe, the typical cost of solar panels is 4 per watt.The average Monroe homeowner needs a 6.7-kilowatt system, which would cost about $16,556 with the federal tax credit, or $23,675 before the 0 tax credit is applied.

Bear in mind that the figures above are only estimates based on the average Monroe homeowner. 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.Despite the large initial cost, the average Monroe homeowner can save about $15,000 on their electricity bills over 20 years, which is one of the positives of solar.

Click the button below to get connected to a highly rated solar panel company in your area for a personalized estimate.

Solar savings over time in Monroe

YearReturn on Investment
1 years$-15,313
3 years$-12,827
5 years$-10,341
7 years$-7,855
9 years$-5,369
11 years$-2,883
13 years$-397
15 years$2,089
17 years$4,575
19 years$7,060
21 years$9,546
23 years$12,032
25 years$14,518

Top Solar Installers in Monroe

Installing solar panels on your own can be a dangerous undertaking, which is why hiring a solar installer is a good option for many homeowners. Another perk of using a solar company is that they can help you maximize your ROI by bringing down your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.

Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:

Advertisement

Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • 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 Monroe

Factors that Affect Solar Panel Costs in Monroe

For many Monroe homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Monroe, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.

Solar Equipment

One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,550 per kilowatt in Monroe.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 in the long run on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Monroe average.

Solar Financing Terms

Many homeowners find the average cost of solar in Monroe to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.It’s wise to factor 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 off the loan.

Solar Panel Installation Company

The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Monroe, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.The company’s size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.69$15,506$8,48416.2 years
8 kW$3.62$20,278$11,71015.8 years
10 kW$3.55$24,850$15,13515.5 years
12 kW$3.48$29,224$18,75815.2 years
14 kW$3.41$33,398$22,58014.9 years
16 kW$3.34$37,374$26,60114.6 years
18 kW$3.27$41,152$30,82114.3 years
20 kW$3.19$44,730$35,23914.0 years

How to Save on Solar Panels

The solar installer you opt for will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:

  • Installation Process: When making the switch to solar energy, it’s necessary to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the completion timeline.
  • Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
  • Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
Advertisement

Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Monroe, PA Solar Cost FAQs

What is the average cost of installing solar panels in Monroe?

The average cost of solar panels in Monroe is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the type 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 Monroe?

Leasing solar panels can be an option if you can’t afford to pay upfront or secure 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 bang for your buck from going solar.

Can you sell solar power back to the grid in Monroe?

Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy consumption and how much 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.