Solar Panel Cost Guide in North Franklin, PA (2023 Update)
- North Franklin Solar Installation Cost: $12,316
- 25-Year Savings: $8,727
- Payback Period: 14.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in North Franklin
Find out what the average cost of solar panels are in North Franklin.
The average cost of a solar system in North Franklin is 2.55 per watt. Since a 6.9-kW system is needed to cover the energy consumption of a typical home in North Franklin, the average price of going solar will be about $12,316 after claiming the federal solar tax credit of 30%.
The actual price you pay can be above or below the average in North Franklin based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire. Despite the high upfront cost, the average North Franklin homeowner can save around $12,000 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 installer in North Franklin, you can click the button below.
Solar savings over time in North Franklin
| Year | Return on Investment |
|---|---|
| 1 years | $-11,475 |
| 3 years | $-9,791 |
| 5 years | $-8,108 |
| 7 years | $-6,424 |
| 9 years | $-4,741 |
| 11 years | $-3,057 |
| 13 years | $-1,374 |
| 15 years | $310 |
| 17 years | $1,993 |
| 19 years | $3,677 |
| 21 years | $5,360 |
| 23 years | $7,044 |
| 25 years | $8,727 |
Top Solar Installers in North Franklin
When making the switch to solar, many homeowners choose to hire a solar installer since installing a solar system yourself can be a difficult project. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you're searching for a solar installer in North Franklin, the EcoWatch team has organized 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 North Franklin
Factors that Affect Solar Panel Costs in North Franklin
For many North Franklin homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in North Franklin, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in North Franklin, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past energy bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the North Franklin average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in North Franklin, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. Although solar loans make adopting solar energy more accessible for North Franklin homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose will impact your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. Additionally, some companies in North Franklin have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $7,154 | 15.2 years |
| 8 kW | $2.60 | $14,566 | $9,824 | 14.9 years |
| 10 kW | $2.55 | $17,850 | $12,638 | 14.6 years |
| 12 kW | $2.50 | $20,992 | $15,594 | 14.3 years |
| 14 kW | $2.45 | $23,990 | $18,692 | 14.1 years |
| 16 kW | $2.40 | $26,846 | $21,934 | 13.8 years |
| 18 kW | $2.35 | $29,560 | $25,318 | 13.5 years |
| 20 kW | $2.29 | $32,130 | $28,845 | 13.2 years |
How to Save on Solar Panels
There are many companies available in North Franklin, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Installation Process: When making the switch to solar power, it's essential to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project timeline.
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 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 $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in North Franklin?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
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.