Solar Panel Cost Guide in Norwood, PA (2023 Update)
- Norwood Solar Installation Cost: $11,620
- 25-Year Savings: $15,025
- Payback Period: 10.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Norwood
Find out what the average cost of solar panels are in Norwood.
In Norwood, solar panels cost about 2.55 per watt on average. To cover the typical energy usage of the average home in Norwood, most homeowners require a 6.5-kilowatt system. Using the figure above, a solar installation costs around $11,620, or $16,617 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Norwood homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $16,000 on utility bills over 20 years, many homeowners in Norwood find installing solar panels can pay off big.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Norwood
| Year | Return on Investment |
|---|---|
| 1 years | $-10,555 |
| 3 years | $-8,423 |
| 5 years | $-6,291 |
| 7 years | $-4,160 |
| 9 years | $-2,028 |
| 11 years | $104 |
| 13 years | $2,235 |
| 15 years | $4,367 |
| 17 years | $6,499 |
| 19 years | $8,630 |
| 21 years | $10,762 |
| 23 years | $12,894 |
| 25 years | $15,025 |
Top Solar Installers in Norwood
When going solar, many homeowners choose to go with a solar installer since DIY solar panel installation can be a difficult project. Plus, if you're not certain what type of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Norwood
Factors that Affect Solar Panel Costs in Norwood
For many Norwood homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Norwood, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,550. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Norwood to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. However, the interest on solar loans also increases your overall costs, so it's vital to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Norwood is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services at different costs. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that offers the products, warranties and services you're looking for and also is within your budget.
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 | $13,415 | 11.3 years |
| 8 kW | $2.60 | $14,566 | $18,172 | 11.1 years |
| 10 kW | $2.55 | $17,850 | $23,072 | 10.9 years |
| 12 kW | $2.50 | $20,992 | $28,114 | 10.7 years |
| 14 kW | $2.45 | $23,990 | $33,300 | 10.5 years |
| 16 kW | $2.40 | $26,846 | $38,628 | 10.3 years |
| 18 kW | $2.35 | $29,560 | $44,100 | 10.0 years |
| 20 kW | $2.29 | $32,130 | $49,713 | 9.8 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:
- Reputation: Companies that have been in business 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 quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Norwood, PA Solar Cost FAQs
What is the average cost of installing solar panels in Norwood?
The average cost of solar panels in Norwood 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Norwood?
You can't get solar panels for free in Norwood. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Does Norwood have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs 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 cover 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.