Solar Panel Cost Guide in Nanticoke, PA (2023 Update)
- Nanticoke Solar Installation Cost: $12,406
- 25-Year Savings: $8,802
- Payback Period: 14.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Nanticoke
Find out what the average cost of solar panel installation is in Nanticoke.
In Nanticoke, solar panels cost about 2.55 per watt on average. Using this figure, a typical 7.0-kW system would cost about $12,406 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary based on multiple factors, such as what size system you need, your energy consumption and what company you go with. With typical savings of about $12,000 on energy bills over 20 years, many homeowners in Nanticoke find going solar can be quite rewarding.
Click the button below to get connected to a top solar panel company in Nanticoke for a customized quote.
Solar savings over time in Nanticoke
| Year | Return on Investment |
|---|---|
| 1 years | $-11,557 |
| 3 years | $-9,861 |
| 5 years | $-8,164 |
| 7 years | $-6,467 |
| 9 years | $-4,771 |
| 11 years | $-3,074 |
| 13 years | $-1,377 |
| 15 years | $319 |
| 17 years | $2,016 |
| 19 years | $3,713 |
| 21 years | $5,409 |
| 23 years | $7,106 |
| 25 years | $8,802 |
Top Solar Installers in Nanticoke
Although it's possible to install solar panels by yourself, it takes extra energy and know-how. Because of that, most people choose to go with a solar panel installer. Another advantage of utilizing a solar company is that they can help you make the most of your ROI by reducing your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost 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
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 want to invest in solar. There are a few primary factors that will push your cost above or below the average 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
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better 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 limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Nanticoke, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you choose will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. The size of the company can sometimes play the most considerable role in the installation 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 lower 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 | $7,177 | 15.2 years |
| 8 kW | $2.60 | $14,566 | $9,855 | 14.9 years |
| 10 kW | $2.55 | $17,850 | $12,676 | 14.6 years |
| 12 kW | $2.50 | $20,992 | $15,640 | 14.3 years |
| 14 kW | $2.45 | $23,990 | $18,746 | 14.0 years |
| 16 kW | $2.40 | $26,846 | $21,995 | 13.7 years |
| 18 kW | $2.35 | $29,560 | $25,387 | 13.4 years |
| 20 kW | $2.29 | $32,130 | $28,922 | 13.2 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 brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- 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 kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options 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
EcoWatch's Nanticoke, PA Solar Cost FAQs
What is the average cost of installing solar panels in Nanticoke?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Nanticoke?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Does Nanticoke have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.