Solar Panel Cost Guide in Nesquehoning, PA (2023 Update)
- Nesquehoning Solar Installation Cost: $12,170
- 25-Year Savings: $12,141
- Payback Period: 12.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Nesquehoning
Let's have a look at the average cost of solar panels in Nesquehoning.
The average cost of a solar system in Nesquehoning is 2.55 per watt. The average solar panel system size in Nesquehoning is around 6.8 kilowatts, meaning a cost of about $12,174 for a solar installation, or $17,409 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 installing solar panels can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what company you go with. Despite the large upfront cost, the average Nesquehoning homeowner can save about $14,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar company in Nesquehoning that can help you get a more accurate cost estimate for your home.
Solar savings over time in Nesquehoning
| Year | Return on Investment |
|---|---|
| 1 years | $-12,089 |
| 3 years | $-11,927 |
| 5 years | $-11,764 |
| 7 years | $-11,602 |
| 9 years | $-11,440 |
| 11 years | $-11,278 |
| 13 years | $-11,116 |
| 15 years | $-10,954 |
| 17 years | $-10,792 |
| 19 years | $-10,630 |
| 21 years | $-10,468 |
| 23 years | $-10,306 |
| 25 years | $-10,144 |
Top Solar Installers in Nesquehoning
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with a solar panel installer can make switching to solar power much easier. Plus, if you aren't sure what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar company in Nesquehoning, 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 Nesquehoning
Factors that Affect Solar Panel Costs in Nesquehoning
For many Nesquehoning homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Nesquehoning, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,550. The type of solar equipment you choose can bring your price up or down 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. However, more efficient panels could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Nesquehoning average.
Solar Financing Terms
Most solar installers in Nesquehoning provide solar loans, which reduce the initial cost of installing solar. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in Nesquehoning, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 | $2.65 | $11,138 | $10,256 | 13.0 years |
| 8 kW | $2.60 | $14,566 | $13,961 | 12.8 years |
| 10 kW | $2.55 | $17,850 | $17,808 | 12.5 years |
| 12 kW | $2.50 | $20,992 | $21,798 | 12.3 years |
| 14 kW | $2.45 | $23,990 | $25,931 | 12.0 years |
| 16 kW | $2.40 | $26,846 | $30,206 | 11.8 years |
| 18 kW | $2.35 | $29,560 | $34,624 | 11.5 years |
| 20 kW | $2.29 | $32,130 | $39,186 | 11.3 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:
- Installation Process: When making the switch to solar energy, it's important to keep an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which type 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 take a look at their list of offerings before deciding.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Nesquehoning, PA Solar Cost FAQs
How much does it cost to install solar panels in Nesquehoning?
The average cost of solar panels in Nesquehoning 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Nesquehoning?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase your property value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
Even 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 the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.