Solar Panel Cost Guide in Nottingham, PA (2023 Update)
- Nottingham Solar Installation Cost: $12,316
- 25-Year Savings: $10,461
- Payback Period: 13.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Nottingham
Find out what the average cost of installing solar panels is in Nottingham.
The national average cost of solar panels is $2.66 per watt, but in Nottingham it's 2.55 per watt. Using this figure, a typical 6.9-kW system would cost about $12,316 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary based on multiple factors, such as how many panels you need, your energy usage and what installation company you go with. Even with the high upfront cost, the average Nottingham homeowner can save around $13,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar installer in Nottingham that can help you get a more accurate cost estimate for your home.
Solar savings over time in Nottingham
| Year | Return on Investment |
|---|---|
| 1 years | $-11,405 |
| 3 years | $-9,583 |
| 5 years | $-7,761 |
| 7 years | $-5,939 |
| 9 years | $-4,117 |
| 11 years | $-2,294 |
| 13 years | $-472 |
| 15 years | $1,350 |
| 17 years | $3,172 |
| 19 years | $4,995 |
| 21 years | $6,817 |
| 23 years | $8,639 |
| 25 years | $10,461 |
Top Solar Installers in Nottingham
When making the switch to solar, many homeowners choose to go with a solar company since DIY solar panel installation can be a time-consuming project. A solar installer can also help save you money in the long run by offering warranties, repairs and component replacements.
If you're on the hunt for a solar installer in Nottingham, 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 Nottingham
Factors that Affect Solar Panel Costs in Nottingham
For many Nottingham homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Nottingham, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Nottingham, one of the most important 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 consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Nottingham, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Nottingham homeowners decide to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Nottingham, and each can charge varying amounts for labor and equipment. 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 go with the company that provides the products, warranties and services you're looking for and also fits 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 | $8,661 | 14.1 years |
| 8 kW | $2.60 | $14,566 | $11,834 | 13.8 years |
| 10 kW | $2.55 | $17,850 | $15,150 | 13.5 years |
| 12 kW | $2.50 | $20,992 | $18,608 | 13.3 years |
| 14 kW | $2.45 | $23,990 | $22,209 | 13.0 years |
| 16 kW | $2.40 | $26,846 | $25,953 | 12.7 years |
| 18 kW | $2.35 | $29,560 | $29,840 | 12.4 years |
| 20 kW | $2.29 | $32,130 | $33,870 | 12.2 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Nottingham, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Make sure you're on the same page with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: The kind of solar panel you need to install plays a part in which installer you should opt for, since different companies provide different panels.
- Contract: Although reading through a contract can take a lot of time, 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 Nottingham, PA Solar Cost FAQs
How much does it cost to install solar panels in Nottingham?
The average cost of solar panels in Nottingham 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 type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Nottingham?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates 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.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.