Solar Panel Cost Guide in Myerstown, PA (Mar 2023)
- Myerstown Solar Installation Cost: $11,870
- 25-Year Savings: $13,084
- Payback Period: 11.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Myerstown
Let's have a look at the average cost of solar in Myerstown.
Although the national average of solar panels is $2.66 per watt, solar panels in Myerstown generally cost about 2.55. The average solar panel system size in Myerstown is around 6.7 kilowatts, meaning a cost of about $11,870 for a solar installation, or $16,974 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Myerstown homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $14,000 on utility bills over 20 years, many homeowners in Myerstown find going solar has a decent ROI.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Myerstown
| Year | Return on Investment |
|---|---|
| 1 years | $-10,872 |
| 3 years | $-8,876 |
| 5 years | $-6,879 |
| 7 years | $-4,883 |
| 9 years | $-2,887 |
| 11 years | $-890 |
| 13 years | $1,106 |
| 15 years | $3,102 |
| 17 years | $5,098 |
| 19 years | $7,095 |
| 21 years | $9,091 |
| 23 years | $11,087 |
| 25 years | $13,084 |
Top Solar Installers in Myerstown
Although you can install solar panels on your own, it requires extra labor and know-how. That's why most people choose to go with a solar panel installer. Plus, if you're not certain what kind of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Myerstown
Factors that Affect Solar Panel Costs in Myerstown
There are many criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Myerstown, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,550 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Myerstown homeowners decide to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you get to install your solar system can play a part in determining how much you pay. Myerstown's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $11,378 | 12.4 years |
| 8 kW | $2.60 | $14,566 | $15,456 | 12.1 years |
| 10 kW | $2.55 | $17,850 | $19,678 | 11.9 years |
| 12 kW | $2.50 | $20,992 | $24,041 | 11.7 years |
| 14 kW | $2.45 | $23,990 | $28,548 | 11.4 years |
| 16 kW | $2.40 | $26,846 | $33,198 | 11.2 years |
| 18 kW | $2.35 | $29,560 | $37,990 | 10.9 years |
| 20 kW | $2.29 | $32,130 | $42,925 | 10.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- 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 look over 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 cost.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Myerstown, PA Solar Cost FAQs
How much does it cost to install solar panels in Myerstown?
The average cost of solar panels in Myerstown 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 cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $750.55 per year.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs 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.