Solar Panel Cost Guide in Mount Carmel, PA (2023 Update)
- Mount Carmel Solar Installation Cost: $12,299
- 25-Year Savings: $12,012
- Payback Period: 12.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mount Carmel
Here's how much it might cost to make the switch to solar in Mount Carmel.
While the national average of solar panels is $2.66 per watt, solar panels in Mount Carmel generally cost around 2.55. To account for the typical energy needs of the average home in Mount Carmel, most homeowners require a 6.9-kilowatt system. Using the figure above, a solar installation costs around $12,299, or $17,588 before the federal solar tax credit of 30% is applied.
These figures are only averages, and the cost of going solar for you may look different based on your energy needs and what company you go with. Many homeowners find installing a solar system is a sound investment. The average homeowner in Mount Carmel can save around $13,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Mount Carmel that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mount Carmel
| Year | Return on Investment |
|---|---|
| 1 years | $-11,326 |
| 3 years | $-9,381 |
| 5 years | $-7,436 |
| 7 years | $-5,492 |
| 9 years | $-3,547 |
| 11 years | $-1,602 |
| 13 years | $343 |
| 15 years | $2,288 |
| 17 years | $4,233 |
| 19 years | $6,178 |
| 21 years | $8,122 |
| 23 years | $10,067 |
| 25 years | $12,012 |
Top Solar Installers in Mount Carmel
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar company can make switching to solar power much easier. Companies can also have access to various kinds of the best solar panels and help you choose which one will be best for your home.
If you're looking for a solar company in Mount Carmel, we've compiled a list of our top suggestions here:
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 Mount Carmel
Factors that Affect Solar Panel Costs in Mount Carmel
For many Mount Carmel homeowners, the decision to install solar panels comes down to 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 numerous factors that significantly 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 installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,550 per kilowatt in Mount Carmel. There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a solid route because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Though solar loans make going solar more accessible for Mount Carmel homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Mount Carmel, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $10,028 | 13.2 years |
| 8 kW | $2.60 | $14,566 | $13,656 | 12.9 years |
| 10 kW | $2.55 | $17,850 | $17,427 | 12.7 years |
| 12 kW | $2.50 | $20,992 | $21,340 | 12.4 years |
| 14 kW | $2.45 | $23,990 | $25,397 | 12.1 years |
| 16 kW | $2.40 | $26,846 | $29,596 | 11.9 years |
| 18 kW | $2.35 | $29,560 | $33,938 | 11.6 years |
| 20 kW | $2.29 | $32,130 | $38,423 | 11.4 years |
How to Save on Solar Panels
There are a lot of companies available in Mount Carmel, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which installer you should go with, since different companies offer different panels.
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- 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
EcoWatch's Mount Carmel, PA Solar Cost FAQs
What is the average cost of installing solar panels in Mount Carmel?
The average cost of solar panels in Mount Carmel 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 type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Mount Carmel?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.