Solar Panel Cost Guide in New Cumberland, PA (2023 Update)
- New Cumberland Solar Installation Cost: $11,888
- 25-Year Savings: $13,066
- Payback Period: 11.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in New Cumberland
Find out what the average cost of installing solar panels is in New Cumberland.
The national average cost of solar panels is $2.66 per watt, but in New Cumberland it's 2.55 per watt. The average solar panel system size in New Cumberland is around 6.7 kilowatts, meaning a cost of about $11,888 for a solar installation, or $17,000 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of New Cumberland homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $14,000 over 20 years on energy bills.
To get a free quote from a top solar installer in New Cumberland, you can click the button below.
Solar savings over time in New Cumberland
| Year | Return on Investment |
|---|---|
| 1 years | $-10,890 |
| 3 years | $-8,894 |
| 5 years | $-6,897 |
| 7 years | $-4,901 |
| 9 years | $-2,905 |
| 11 years | $-908 |
| 13 years | $1,088 |
| 15 years | $3,084 |
| 17 years | $5,081 |
| 19 years | $7,077 |
| 21 years | $9,073 |
| 23 years | $11,070 |
| 25 years | $13,066 |
Top Solar Installers in New Cumberland
When making the switch to solar, many homeowners prefer to use a solar installation company since DIY solar panel installation can be a challenging project. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
If you're looking for a solar company in New Cumberland, we've compiled 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 New Cumberland
Factors that Affect Solar Panel Costs in New Cumberland
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that affect your total cost in New Cumberland: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,550 per kilowatt in New Cumberland. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, like solar batteries, can bump up your total well above the New Cumberland average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many New Cumberland homeowners opt to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in New Cumberland, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in New Cumberland have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $11,334 | 12.4 years |
| 8 kW | $2.60 | $14,566 | $15,398 | 12.2 years |
| 10 kW | $2.55 | $17,850 | $19,605 | 11.9 years |
| 12 kW | $2.50 | $20,992 | $23,954 | 11.7 years |
| 14 kW | $2.45 | $23,990 | $28,446 | 11.4 years |
| 16 kW | $2.40 | $26,846 | $33,081 | 11.2 years |
| 18 kW | $2.35 | $29,560 | $37,859 | 11.0 years |
| 20 kW | $2.29 | $32,130 | $42,779 | 10.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will have various brands and types of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Well-established companies likely have a solid 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 New Cumberland, PA Solar Cost FAQs
How much does it cost to install solar panels in New Cumberland?
This is a tough question to answer exactly, because the cost depends on a few different 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 be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in New Cumberland?
Solar panels aren't free in New Cumberland, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in New Cumberland?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of 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 amount 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.