Solar Panel Cost Guide in Mount Joy, PA (2023 Update)
- Mount Joy Solar Installation Cost: $11,731
- 25-Year Savings: $13,094
- Payback Period: 11.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Mount Joy
Find out what the average cost of solar panels are in Mount Joy.
In Mount Joy, solar panels cost about 2.55 per watt on average. Because a 6.6-kW system is needed to cover the energy consumption of a typical home in Mount Joy, the average price of going solar will be about $11,727 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what company you go with. Even with the significant upfront cost, the average Mount Joy homeowner can save around $14,000 on their power bills over 20 years, which is one of the perks of solar.
To get a free quote from a top solar installer in Mount Joy, you can click the button below.
Solar savings over time in Mount Joy
| Year | Return on Investment |
|---|---|
| 1 years | $-10,454 |
| 3 years | $-7,900 |
| 5 years | $-5,345 |
| 7 years | $-2,791 |
| 9 years | $-236 |
| 11 years | $2,318 |
| 13 years | $4,872 |
| 15 years | $7,427 |
| 17 years | $9,981 |
| 19 years | $12,535 |
| 21 years | $15,090 |
| 23 years | $17,644 |
| 25 years | $20,199 |
Top Solar Installers in Mount Joy
Trying to put up solar panels yourself can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. Some solar companies, especially local ones, can help you take advantage of incentives in Mount Joy, therefore optimizing your ROI.
If you're looking for a solar company in Mount Joy, the EcoWatch team has put together 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 Joy
Factors that Affect Solar Panel Costs in Mount Joy
The cost of installing a solar system in Mount Joy can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
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 pay around $2,550 per kilowatt in Mount Joy. The type of 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, higher efficiency could save you more over time on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Mount Joy average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Mount Joy, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your overall costs, so it's important to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can impact the cost. Mount Joy's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $11,526 | 12.3 years |
| 8 kW | $2.60 | $14,566 | $15,654 | 12.0 years |
| 10 kW | $2.55 | $17,850 | $19,924 | 11.8 years |
| 12 kW | $2.50 | $20,992 | $24,337 | 11.6 years |
| 14 kW | $2.45 | $23,990 | $28,893 | 11.3 years |
| 16 kW | $2.40 | $26,846 | $33,592 | 11.1 years |
| 18 kW | $2.35 | $29,560 | $38,434 | 10.9 years |
| 20 kW | $2.29 | $32,130 | $43,418 | 10.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: If you care about the longevity of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies have various brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
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 Joy, PA Solar Cost FAQs
What is the average cost of installing solar panels in Mount Joy?
The average cost of solar panels in Mount Joy 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 type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Mount Joy?
Leasing solar panels can be an attractive choice, because it typically 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 the value of your property by about 4%, according to research done by Zillow. The average home value in Mount Joy is currently $204,411, so you can look forward to a value of about $8,381 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Mount Joy is a fruitful investment.
How long do solar panels last in Mount Joy?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of 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 continue to use 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.