Solar Panel Cost Guide in Mount Carmel, PA (2024 Update)
- Mount Carmel Solar Installation Cost: $17,125
- 25-Year Savings: $12,010
- Payback Period: 17.6 Years
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Average Cost of Solar Panels in Mount Carmel
Let’s have a look at the average cost of solar panels in Mount Carmel.
In Mount Carmel, solar panels cost about 4 per watt on average.The average solar panel system size in Mount Carmel is around 6.9 kilowatts, meaning a cost of about $17,125 for a solar installation, or $24,489 before the 0 federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will vary based on the amount of energy your home requires and what company you go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Mount Carmel can save around $13,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar panel company in your area for a custom quote.
Solar savings over time in Mount Carmel
| Year | Return on Investment |
|---|---|
| 1 years | $-15,780 |
| 3 years | $-13,088 |
| 5 years | $-10,397 |
| 7 years | $-7,706 |
| 9 years | $-5,015 |
| 11 years | $-2,324 |
| 13 years | $368 |
| 15 years | $3,059 |
| 17 years | $5,750 |
| 19 years | $8,441 |
| 21 years | $11,132 |
| 23 years | $13,823 |
| 25 years | $16,515 |
Top Solar Installers in Mount Carmel
Although it's possible to install solar panels on your own, it requires extra labor and handiness. That's why most homeowners choose to hire a solar panel installer. Local solar installers can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Mount Carmel
Factors that Affect Solar Panel Costs in Mount Carmel
For many Mount Carmel homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Mount Carmel, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,550. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the growing popularity of sustainable energy solutions in Mount Carmel, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price 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 choose a company that has 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 | $3.69 | $15,506 | $5,660 | 18.3 years |
| 8 kW | $3.62 | $20,278 | $7,944 | 18.0 years |
| 10 kW | $3.55 | $24,850 | $10,427 | 17.6 years |
| 12 kW | $3.48 | $29,224 | $13,108 | 17.3 years |
| 14 kW | $3.41 | $33,398 | $15,989 | 16.9 years |
| 16 kW | $3.34 | $37,374 | $19,068 | 16.6 years |
| 18 kW | $3.27 | $41,152 | $22,346 | 16.2 years |
| 20 kW | $3.19 | $44,730 | $25,823 | 15.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: It’s important to read your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Mount Carmel, PA Solar Cost FAQs
How much does it cost to install solar panels in Mount Carmel?
The average cost of solar panels in Mount Carmel 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Mount Carmel?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase your home value?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.