Solar Panel Cost Guide in Nockamixon, PA (2023 Update)
- Nockamixon Solar Installation Cost: $11,745
- 25-Year Savings: $13,804
- Payback Period: 11.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Nockamixon
We break down average solar pricing in Nockamixon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Nockamixon, the average cost of solar panels is 2.55 per watt. The average solar panel system size in Nockamixon is around 6.6 kilowatts, meaning a cost of about $11,745 for a solar installation, or $16,795 before the 30% federal solar tax credit is applied.
The actual price you pay can be higher or lower than the average in Nockamixon depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire. Many homeowners find installing solar panels is a solid investment. The average homeowner in Nockamixon can save around $15,000 on their electricity bills over 20 years.
To receive a free quote from a top solar installer in Nockamixon, you can click the button below.
Solar savings over time in Nockamixon
| Year | Return on Investment |
|---|---|
| 1 years | $-10,723 |
| 3 years | $-8,679 |
| 5 years | $-6,635 |
| 7 years | $-4,591 |
| 9 years | $-2,547 |
| 11 years | $-503 |
| 13 years | $1,541 |
| 15 years | $3,585 |
| 17 years | $5,629 |
| 19 years | $7,673 |
| 21 years | $9,716 |
| 23 years | $11,760 |
| 25 years | $13,804 |
Top Solar Installers in Nockamixon
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with an installer can make swapping over to solar power much easier. Some solar installers, particularly local ones, can help you better understand incentives in Nockamixon, thereby optimizing your ROI.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
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 Nockamixon
Factors that Affect Solar Panel Costs in Nockamixon
For many Nockamixon homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Nockamixon, 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 cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Nockamixon, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Nockamixon to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Nockamixon, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger 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 | $12,147 | 12.0 years |
| 8 kW | $2.60 | $14,566 | $16,481 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $20,959 | 11.5 years |
| 12 kW | $2.50 | $20,992 | $25,579 | 11.3 years |
| 14 kW | $2.45 | $23,990 | $30,342 | 11.0 years |
| 16 kW | $2.40 | $26,846 | $35,248 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,296 | 10.6 years |
| 20 kW | $2.29 | $32,130 | $45,488 | 10.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which installer you should choose, since different companies provide different panels.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
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 Nockamixon, PA Solar Cost FAQs
What is the average cost of installing solar panels in Nockamixon?
This is a difficult question to answer exactly, 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 cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Nockamixon?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property 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 savings from going solar.
How will solar panels impact my 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?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.