Solar Panel Cost Guide in North Franklin, PA (2024 Update)
- North Franklin Solar Installation Cost: $17,152
- 25-Year Savings: $8,723
- Payback Period: 20.4 Years
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Average Cost of Solar Panels in North Franklin
Find out what the average cost of installing solar panels is in North Franklin.
While the national average of solar panels is $2.66 per watt, solar panels in North Franklin generally cost about 4.The average North Franklin homeowner needs a 6.9-kilowatt system, which would cost about $17,152 with the federal tax credit, or $24,527 before the 0 tax credit is applied.
The true cost of your system can go higher or lower than the average in North Franklin based on several factors, such as the kind of solar panels you choose and the solar contractor you hire.Even with the large upfront cost, the average North Franklin homeowner can save around $12,000 on their energy bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a vetted solar company in North Franklin for a custom estimate.
Solar savings over time in North Franklin
| Year | Return on Investment |
|---|---|
| 1 years | $-16,069 |
| 3 years | $-13,904 |
| 5 years | $-11,738 |
| 7 years | $-9,572 |
| 9 years | $-7,406 |
| 11 years | $-5,240 |
| 13 years | $-3,075 |
| 15 years | $-909 |
| 17 years | $1,257 |
| 19 years | $3,423 |
| 21 years | $5,589 |
| 23 years | $7,754 |
| 25 years | $9,920 |
Top Solar Installers in North Franklin
Trying to put up solar panels on your own can be a time-consuming task, which is why getting a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over time.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in North Franklin
Factors that Affect Solar Panel Costs in North Franklin
The cost of installing a solar system in North Franklin can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar system in North Franklin, 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 usage, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,550 for each additional kilowatt you need.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 choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the North Franklin average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Though solar loans make going solar more accessible for North Franklin homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.The size of the company sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and bulk 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 down 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 | $3.69 | $15,506 | $2,786 | 21.2 years |
| 8 kW | $3.62 | $20,278 | $4,112 | 20.8 years |
| 10 kW | $3.55 | $24,850 | $5,638 | 20.4 years |
| 12 kW | $3.48 | $29,224 | $7,362 | 20.0 years |
| 14 kW | $3.41 | $33,398 | $9,284 | 19.6 years |
| 16 kW | $3.34 | $37,374 | $11,406 | 19.2 years |
| 18 kW | $3.27 | $41,152 | $13,726 | 18.7 years |
| 20 kW | $3.19 | $44,730 | $16,245 | 18.3 years |
How to Save on Solar Panels
There are a lot of companies available in North Franklin, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It’s important to read through 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 installation process.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's North Franklin, PA Solar Cost FAQs
What is the average cost of installing solar panels in North Franklin?
The average cost of solar panels in North Franklin is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in North Franklin?
Leasing solar panels can be an attractive choice, as it usually 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home 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 solar panels."
How long do solar panels last in North Franklin?
On average, solar panels can last 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 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.