Solar Panel Cost Guide in Nazareth, PA (2023 Update)
- Nazareth Solar Installation Cost: $11,977
- 25-Year Savings: $12,977
- Payback Period: 12.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Nazareth
See how much it might cost to install solar panels in Nazareth.
In Nazareth, solar panels cost about 2.55 per watt on average. To account for the typical energy needs of the average home in Nazareth, most homeowners require a 6.7-kilowatt system. Using the figure above, a solar installation costs about $11,977, or $17,127 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what installation company you go with. But, after you've paid the upfront cost of installation, the savings for most homeowners is typically good, with a net average savings of about $14,000 over 20 years on power bills.
You can click the button below to get connected with a top solar company in Nazareth that can help you get a more accurate cost estimate for your home.
Solar savings over time in Nazareth
| Year | Return on Investment |
|---|---|
| 1 years | $-10,979 |
| 3 years | $-8,983 |
| 5 years | $-6,987 |
| 7 years | $-4,990 |
| 9 years | $-2,994 |
| 11 years | $-998 |
| 13 years | $999 |
| 15 years | $2,995 |
| 17 years | $4,991 |
| 19 years | $6,988 |
| 21 years | $8,984 |
| 23 years | $10,980 |
| 25 years | $12,977 |
Top Solar Installers in Nazareth
Many homeowners decide to use a solar installation company since trying to put up solar panels on your own can be hard. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
There are a number of licensed solar professionals that can install solar panels for you. 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
See all of the solar companies in Nazareth
Factors that Affect Solar Panel Costs in Nazareth
The cost of installing a solar system in Nazareth can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,550. There are many different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose 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
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Nazareth, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. Although solar loans make switching to solar energy more accessible for Nazareth homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Nazareth is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services at different costs. Additionally, some companies in Nazareth know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $11,188 | 12.5 years |
| 8 kW | $2.60 | $14,566 | $15,202 | 12.2 years |
| 10 kW | $2.55 | $17,850 | $19,360 | 12.0 years |
| 12 kW | $2.50 | $20,992 | $23,660 | 11.8 years |
| 14 kW | $2.45 | $23,990 | $28,103 | 11.5 years |
| 16 kW | $2.40 | $26,846 | $32,689 | 11.3 years |
| 18 kW | $2.35 | $29,560 | $37,418 | 11.0 years |
| 20 kW | $2.29 | $32,130 | $42,290 | 10.8 years |
How to Save on Solar Panels
There are many companies to choose from in Nazareth, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Solar Panel Brands: The model of solar panel you'd like to get plays a role in which company you should choose, since different companies provide different panels.
- 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 project timeline.
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 Nazareth, PA Solar Cost FAQs
How much does it cost to install solar panels in Nazareth?
The average cost of solar panels in Nazareth is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost 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.
Is it worth going solar in Nazareth?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.