Solar Panel Cost Guide in Nanticoke, PA (2024 Update)
- Nanticoke Solar Installation Cost: $17,265
- 25-Year Savings: $8,807
- Payback Period: 20.4 Years
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Average Cost of Solar Panels in Nanticoke
Here’s how much it might cost to install solar panels in Nanticoke.
In Nanticoke, solar panels cost about 4 per watt on average.Because a 6.9-kW system is needed to cover the energy costs of a typical home in Nanticoke, the average price of going solar will be about $17,265 after claiming the federal solar tax credit of 0.
The actual price you pay can go higher or lower than the average in Nanticoke based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.With typical savings of about $12,000 on electricity bills over 20 years, many homeowners in Nanticoke find going solar has a decent ROI.
You can click the button below to get connected with a top solar company in Nanticoke that can help you get a more accurate cost estimate for your home.
Solar savings over time in Nanticoke
Year | Return on Investment |
---|---|
1 years | $-15,919 |
3 years | $-13,228 |
5 years | $-10,537 |
7 years | $-7,845 |
9 years | $-5,154 |
11 years | $-2,463 |
13 years | $228 |
15 years | $2,919 |
17 years | $5,611 |
19 years | $8,302 |
21 years | $10,993 |
23 years | $13,684 |
25 years | $16,375 |
Top Solar Installers in Nanticoke
Although you can install solar panels yourself, it requires extra labor and handiness. For that reason, most people choose to go with a solar panel installer. The expertise that solar companies offer can be invaluable as well, particularly if you aren’t sure what brand of solar equipment you need.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Nanticoke
Factors that Affect Solar Panel Costs in Nanticoke
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Nanticoke: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,550.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Nanticoke, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Nanticoke to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time due to interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Nanticoke is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that provide a range of services at different price points.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $2,809 | 21.2 years |
8 kW | $3.62 | $20,278 | $4,143 | 20.8 years |
10 kW | $3.55 | $24,850 | $5,676 | 20.4 years |
12 kW | $3.48 | $29,224 | $7,408 | 19.9 years |
14 kW | $3.41 | $33,398 | $9,338 | 19.5 years |
16 kW | $3.34 | $37,374 | $11,467 | 19.1 years |
18 kW | $3.27 | $41,152 | $13,795 | 18.7 years |
20 kW | $3.19 | $44,730 | $16,322 | 18.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
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 Nanticoke, PA Solar Cost FAQs
What is the average cost of installing solar panels in Nanticoke?
The average cost of solar panels in Nanticoke 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 kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Nanticoke?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Nanticoke?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to 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.