Solar Panel Cost Guide in North Coventry, PA (2023 Update)
- North Coventry Solar Installation Cost: $11,674
- 25-Year Savings: $14,448
- Payback Period: 11.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in North Coventry
Here's how much it might cost to install solar panels in North Coventry.
Currently, the national average cost of solar panels is $2.66 per watt. However, in North Coventry, the typical cost of solar panels is 2.55 per watt. To account for the typical energy usage of the average home in North Coventry, most homeowners require a 6.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,674, or $16,694 before the federal solar tax credit of 30% is applied.
These figures are just averages, and the cost of going solar for you will vary based on factors unique to your home and what company you want to go with. Even with the high initial cost, the average North Coventry homeowner can save around $15,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To get a free estimate from a vetted solar company in North Coventry, you can click the button below.
Solar savings over time in North Coventry
| Year | Return on Investment |
|---|---|
| 1 years | $-10,629 |
| 3 years | $-8,539 |
| 5 years | $-6,450 |
| 7 years | $-4,360 |
| 9 years | $-2,270 |
| 11 years | $-180 |
| 13 years | $1,909 |
| 15 years | $3,999 |
| 17 years | $6,089 |
| 19 years | $8,178 |
| 21 years | $10,268 |
| 23 years | $12,358 |
| 25 years | $14,448 |
Top Solar Installers in North Coventry
Many homeowners opt for a solar panel installer since installing solar panels on your own can be challenging. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be best for you.
If you'd like to start using solar energy but still aren't certain which solar panel company to go with, here are our suggestions for providers near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in North Coventry
Factors that Affect Solar Panel Costs in North Coventry
Even though the average cost of a solar system in North Coventry is $11,674, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of solar panels in North Coventry, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many North Coventry homeowners decide to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your total costs, so it's vital to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies operating throughout North Coventry, and each can charge varying amounts for labor and equipment. You may come across 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 promotions to compete with those major players.
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 | $12,835 | 11.6 years |
| 8 kW | $2.60 | $14,566 | $17,399 | 11.4 years |
| 10 kW | $2.55 | $17,850 | $22,106 | 11.2 years |
| 12 kW | $2.50 | $20,992 | $26,956 | 10.9 years |
| 14 kW | $2.45 | $23,990 | $31,948 | 10.7 years |
| 16 kW | $2.40 | $26,846 | $37,083 | 10.5 years |
| 18 kW | $2.35 | $29,560 | $42,361 | 10.3 years |
| 20 kW | $2.29 | $32,130 | $47,782 | 10.1 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Not all solar companies 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 go with.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's North Coventry, PA Solar Cost FAQs
What is the average cost of installing solar panels in North Coventry?
The average cost of solar panels in North Coventry is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase your home value?
Solar panels can increase your property's value considerably 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."
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.