Solar Panel Cost Guide in Old Lycoming, PA (Mar 2023)
- Old Lycoming Solar Installation Cost: $12,566
- 25-Year Savings: $14,889
- Payback Period: 11.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Old Lycoming
We go over average solar pricing in Old Lycoming.
In Old Lycoming, solar panels cost about 2.55 per watt on average. To cover the typical energy needs of the average home in Old Lycoming, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs around $12,566, or $17,969 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 Old Lycoming homeowners. The cost 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. But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $15,000 over 20 years on power bills.
You can click the button below to get connected with a pre-vetted solar installer in Old Lycoming for a quote for your home.
Solar savings over time in Old Lycoming
| Year | Return on Investment |
|---|---|
| 1 years | $-11,468 |
| 3 years | $-9,272 |
| 5 years | $-7,075 |
| 7 years | $-4,879 |
| 9 years | $-2,683 |
| 11 years | $-486 |
| 13 years | $1,710 |
| 15 years | $3,907 |
| 17 years | $6,103 |
| 19 years | $8,299 |
| 21 years | $10,496 |
| 23 years | $12,692 |
| 25 years | $14,889 |
Top Solar Installers in Old Lycoming
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make swapping over to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and system component replacements.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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 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 major factors that determine your overall cost in Old Lycoming: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Old Lycoming, 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
Most solar installers in Old Lycoming have solar loans, which reduce your upfront costs of installing a solar system. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can play a part in determining how much you pay. Old Lycoming's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer 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 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 actual 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.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Old Lycoming?
Solar panels can be a fruitful 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 energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
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 amount 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.