Solar Panel Cost Guide in New Holland, PA (2023 Update)
- New Holland Solar Installation Cost: $11,731
- 25-Year Savings: $12,580
- Payback Period: 12.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in New Holland
Find out what the average cost of solar panel installation is in New Holland.
In New Holland, solar panels cost about 2.55 per watt on average. Using this figure, a typical 6.6-kW system would cost about $11,727 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of solar system you want to get, your solar contractor and more. Even with the high initial cost, the average New Holland homeowner can save about $14,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free quote from a pre-vetted solar installation company in New Holland, you can click the button below.
Solar savings over time in New Holland
| Year | Return on Investment |
|---|---|
| 1 years | $-11,650 |
| 3 years | $-11,488 |
| 5 years | $-11,326 |
| 7 years | $-11,164 |
| 9 years | $-11,002 |
| 11 years | $-10,840 |
| 13 years | $-10,678 |
| 15 years | $-10,515 |
| 17 years | $-10,353 |
| 19 years | $-10,191 |
| 21 years | $-10,029 |
| 23 years | $-9,867 |
| 25 years | $-9,705 |
Top Solar Installers in New Holland
Many homeowners choose to hire a solar installer since trying to put up solar panels on your own can be challenging. The payback period on a solar system will vary depending on factors like your location and energy needs, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
If you're on the hunt for a solar company in New Holland, the EcoWatch team has 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 Holland
Factors that Affect Solar Panel Costs in New Holland
The cost of installing a solar system in New Holland can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
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 average energy use. 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 choose 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 over time on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the New Holland 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 Holland homeowners decide to finance their solar panel systems to make going solar more affordable. Even though solar loans make going solar more accessible for New Holland homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in New Holland, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk prices, 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 | $11,056 | 12.5 years |
| 8 kW | $2.60 | $14,566 | $15,027 | 12.3 years |
| 10 kW | $2.55 | $17,850 | $19,141 | 12.1 years |
| 12 kW | $2.50 | $20,992 | $23,398 | 11.8 years |
| 14 kW | $2.45 | $23,990 | $27,797 | 11.6 years |
| 16 kW | $2.40 | $26,846 | $32,339 | 11.3 years |
| 18 kW | $2.35 | $29,560 | $37,024 | 11.1 years |
| 20 kW | $2.29 | $32,130 | $41,852 | 10.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- 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 considerable role in the company you opt for.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Warranty: If you care about the longevity of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
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 Holland, PA Solar Cost FAQs
What is the average cost of installing solar panels in New Holland?
This is a difficult question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt 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 a solar system."
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.