Solar Panel Cost Guide in North Lebanon, PA (Mar 2023)
- North Lebanon Solar Installation Cost: $11,870
- 25-Year Savings: $13,212
- Payback Period: 11.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in North Lebanon
We break down average solar pricing in North Lebanon.
The average cost of a solar panel system in North Lebanon is 2.55 per watt. The average North Lebanon homeowner needs a 6.7-kilowatt system, which would cost about $11,870 with the federal tax credit, or $16,974 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what company you go with. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $14,000 over 20 years on power bills.
To get a free quote from a vetted solar installation company in North Lebanon, you can click the button below.
Solar savings over time in North Lebanon
| Year | Return on Investment |
|---|---|
| 1 years | $-10,867 |
| 3 years | $-8,860 |
| 5 years | $-6,854 |
| 7 years | $-4,847 |
| 9 years | $-2,840 |
| 11 years | $-834 |
| 13 years | $1,173 |
| 15 years | $3,179 |
| 17 years | $5,186 |
| 19 years | $7,193 |
| 21 years | $9,199 |
| 23 years | $11,206 |
| 25 years | $13,212 |
Top Solar Installers in North Lebanon
When making the switch to solar, many homeowners choose to go with a solar installer since installing solar panels yourself can be a difficult project. Local solar companies can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some 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 Lebanon
Factors that Affect Solar Panel Costs in North Lebanon
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in North Lebanon: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,550. There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in North Lebanon to be too costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. While solar loans make switching to solar energy more accessible for North Lebanon homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in North Lebanon is the company you choose to install your PV system. As with choosing a company to install new cabinets, for example, you'll have many options for solar installers that provide a range of services for different budgets. Additionally, some companies in North Lebanon know more about local solar incentives and can help you make good use 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 end up saving you 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 | $11,494 | 12.3 years |
| 8 kW | $2.60 | $14,566 | $15,611 | 12.1 years |
| 10 kW | $2.55 | $17,850 | $19,871 | 11.8 years |
| 12 kW | $2.50 | $20,992 | $24,274 | 11.6 years |
| 14 kW | $2.45 | $23,990 | $28,819 | 11.4 years |
| 16 kW | $2.40 | $26,846 | $33,507 | 11.1 years |
| 18 kW | $2.35 | $29,560 | $38,338 | 10.9 years |
| 20 kW | $2.29 | $32,130 | $43,312 | 10.6 years |
How to Save on Solar Panels
There are a lot of companies to choose from in North Lebanon, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you're concerned about the endurance of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
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 Lebanon, PA Solar Cost FAQs
What is the average cost of installing solar panels in North Lebanon?
The average cost of solar panels in North Lebanon 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 stuff like the type 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 Lebanon?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The downside 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.
Is it worth going solar in North Lebanon?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.