Solar Panel Cost Guide in New Sewickley, PA (2023 Update)
- New Sewickley Solar Installation Cost: $12,468
- 25-Year Savings: $14,929
- Payback Period: 11.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in New Sewickley
Find out how much it might cost to make the switch to solar in New Sewickley.
In New Sewickley, solar panels cost about 2.55 per watt on average. Because a 7.0-kW system is needed to cover the energy costs of a typical home in New Sewickley, the average price of going solar will be about $12,459 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average energy use of New Sewickley homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Even with the high initial cost, the average New Sewickley homeowner can save about $15,000 on their electricity bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a vetted solar installer in New Sewickley for a customized estimate.
Solar savings over time in New Sewickley
| Year | Return on Investment |
|---|---|
| 1 years | $-10,831 |
| 3 years | $-7,557 |
| 5 years | $-4,283 |
| 7 years | $-1,009 |
| 9 years | $2,265 |
| 11 years | $5,538 |
| 13 years | $8,812 |
| 15 years | $12,086 |
| 17 years | $15,360 |
| 19 years | $18,634 |
| 21 years | $21,908 |
| 23 years | $25,181 |
| 25 years | $28,455 |
Top Solar Installers in New Sewickley
Many homeowners opt for a solar installation company since installing solar panels by yourself can be challenging. A solar company can also help save you money in the long run by offering warranties, repairs and system component replacements.
If you're looking for a solar installer in New Sewickley, 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 Sewickley
Factors that Affect Solar Panel Costs in New Sewickley
There are a number of criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,550. The model of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many New Sewickley homeowners decide to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your overall costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can impact how much you pay. New Sewickley's solar companies all have different labor costs and add varying upcharges to 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 | $12,396 | 11.8 years |
| 8 kW | $2.60 | $14,566 | $16,814 | 11.6 years |
| 10 kW | $2.55 | $17,850 | $21,374 | 11.4 years |
| 12 kW | $2.50 | $20,992 | $26,077 | 11.1 years |
| 14 kW | $2.45 | $23,990 | $30,923 | 10.9 years |
| 16 kW | $2.40 | $26,846 | $35,912 | 10.7 years |
| 18 kW | $2.35 | $29,560 | $41,044 | 10.5 years |
| 20 kW | $2.29 | $32,130 | $46,318 | 10.2 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Warranty: If you're worried about the durability of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Sewickley, PA Solar Cost FAQs
What is the average cost of installing solar panels in New Sewickley?
This is a difficult question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in New Sewickley?
Leasing solar panels can be an attractive choice, because it commonly 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 way to go if you want to maximize your savings.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $784.48 per year.
How long do solar panels last in New Sewickley?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much 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.