Solar Panel Cost Guide in New Britain, PA (2023 Update)
- New Britain Solar Installation Cost: $11,745
- 25-Year Savings: $13,861
- Payback Period: 11.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in New Britain
We go over average solar pricing in New Britain.
The average cost of a solar system in New Britain is 2.55 per watt. The average New Britain homeowner needs a 6.6-kilowatt system, which would cost about $11,745 with the federal tax credit, or $16,795 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of solar system you choose, your solar contractor and more. With typical savings of about $15,000 on utility bills over 20 years, many homeowners in New Britain find going solar can pay off big.
To receive a free quote from a pre-vetted solar company in New Britain, you can click the button below.
Solar savings over time in New Britain
| Year | Return on Investment |
|---|---|
| 1 years | $-10,721 |
| 3 years | $-8,672 |
| 5 years | $-6,624 |
| 7 years | $-4,575 |
| 9 years | $-2,527 |
| 11 years | $-478 |
| 13 years | $1,570 |
| 15 years | $3,619 |
| 17 years | $5,667 |
| 19 years | $7,716 |
| 21 years | $9,764 |
| 23 years | $11,813 |
| 25 years | $13,861 |
Top Solar Installers in New Britain
Putting up solar panels yourself can be a dangerous undertaking, which is why using a solar installation company is a good option for many homeowners. Local solar companies can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
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 New Britain
Factors that Affect Solar Panel Costs in New Britain
There are several criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of solar panels in New Britain, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by around $2,550 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable choice because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can affect the cost. New Britain's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that has the products, warranties and services you want and also fits within your budget.
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 | $12,199 | 11.9 years |
| 8 kW | $2.60 | $14,566 | $16,551 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $21,046 | 11.5 years |
| 12 kW | $2.50 | $20,992 | $25,683 | 11.2 years |
| 14 kW | $2.45 | $23,990 | $30,463 | 11.0 years |
| 16 kW | $2.40 | $26,846 | $35,387 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,453 | 10.6 years |
| 20 kW | $2.29 | $32,130 | $45,661 | 10.3 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose significantly affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
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 New Britain, PA Solar Cost FAQs
How much does it cost to install solar panels in New Britain?
This is a tough question to answer precisely, because the cost depends on many factors. Generally 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 be more expensive 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 cheaper solar panels.
Is it better to lease or buy solar panels in New Britain?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Is switching to solar power worth it?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 buy 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.