Solar Panel Cost Guide in Old Lycoming, PA (2023 Update)
- Old Lycoming Solar Installation Cost: $12,569
- 25-Year Savings: $14,886
- Payback Period: 11.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Old Lycoming
We break down average solar pricing in Old Lycoming.
The national average cost of solar panels is $2.66 per watt, but in Old Lycoming it's 2.55 per watt. The average solar panel system size in Old Lycoming is around 7.0 kilowatts, meaning a cost of about $12,566 for a solar installation, or $17,969 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 making the switch to solar can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what installation company you go with. With average savings of about $15,000 on energy bills over 20 years, many homeowners in Old Lycoming find going solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar installer in Old Lycoming that can help you get a more accurate cost estimate for your home.
Solar savings over time in Old Lycoming
| Year | Return on Investment |
|---|---|
| 1 years | $-12,478 |
| 3 years | $-12,295 |
| 5 years | $-12,112 |
| 7 years | $-11,929 |
| 9 years | $-11,746 |
| 11 years | $-11,563 |
| 13 years | $-11,380 |
| 15 years | $-11,197 |
| 17 years | $-11,014 |
| 19 years | $-10,831 |
| 21 years | $-10,648 |
| 23 years | $-10,465 |
| 25 years | $-10,281 |
Top Solar Installers in Old Lycoming
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Using a solar company can make swapping over to solar power much easier. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be best for you.
There are various 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 Old Lycoming
Factors that Affect Solar Panel Costs in Old Lycoming
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Old Lycoming: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Old Lycoming, one of the most crucial 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 consumption, which you can figure out by looking at past power bills. Your total cost can increase by about $2,550 for each additional kilowatt you need. The model of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Old Lycoming offer solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also adds to your all-in costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you choose to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Old Lycoming, and each can charge varying amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $12,255 | 11.9 years |
| 8 kW | $2.60 | $14,566 | $16,625 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $21,139 | 11.4 years |
| 12 kW | $2.50 | $20,992 | $25,795 | 11.2 years |
| 14 kW | $2.45 | $23,990 | $30,594 | 11.0 years |
| 16 kW | $2.40 | $26,846 | $35,536 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,620 | 10.5 years |
| 20 kW | $2.29 | $32,130 | $45,848 | 10.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- 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 impacts which solar panel brands you have access to.
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 Old Lycoming, PA Solar Cost FAQs
What is the average cost of installing solar panels in Old Lycoming?
The average cost of solar panels in Old Lycoming 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 type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't go 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 a solar system."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires 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.