Solar Panel Cost Guide in Oley, PA (2023 Update)
- Oley Solar Installation Cost: $11,872
- 25-Year Savings: $13,987
- Payback Period: 11.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Oley
Here's how much it might cost to switch to solar power in Oley.
The national average cost of solar panels is $2.66 per watt, but in Oley it's 2.55 per watt. Since a 6.7-kW system is needed to cover the energy needs of a typical home in Oley, the average price of going solar will be about $11,870 after claiming the federal solar tax credit of 30%.
How much you pay can go above or below the average in Oley based on several factors, such as the kind of solar panels you choose and the solar installer you hire. Even with the high upfront cost, the average Oley homeowner can save around $15,000 on their energy bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a reputable solar panel company in Oley for a custom estimate.
Solar savings over time in Oley
| Year | Return on Investment |
|---|---|
| 1 years | $-11,786 |
| 3 years | $-11,614 |
| 5 years | $-11,441 |
| 7 years | $-11,269 |
| 9 years | $-11,096 |
| 11 years | $-10,924 |
| 13 years | $-10,752 |
| 15 years | $-10,579 |
| 17 years | $-10,407 |
| 19 years | $-10,234 |
| 21 years | $-10,062 |
| 23 years | $-9,890 |
| 25 years | $-9,717 |
Top Solar Installers in Oley
Although you can install solar panels on your own, it involves extra effort and expertise. That's why almost all homeowners choose a solar panel installer. Another perk of working with a solar company is that they can help you optimize your investment by cutting back on future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
There are various licensed solar professionals that can help you install your solar panels. 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 Oley
Factors that Affect Solar Panel Costs in Oley
Even though the average cost of a solar system in Oley is $11,870, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far 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 Oley to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time due to interest. 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 finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Oley, and each can charge varying amounts for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $12,190 | 11.9 years |
| 8 kW | $2.60 | $14,566 | $16,538 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $21,030 | 11.5 years |
| 12 kW | $2.50 | $20,992 | $25,664 | 11.2 years |
| 14 kW | $2.45 | $23,990 | $30,441 | 11.0 years |
| 16 kW | $2.40 | $26,846 | $35,361 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,424 | 10.6 years |
| 20 kW | $2.29 | $32,130 | $45,630 | 10.3 years |
How to Save on Solar Panels
There are a large number of companies available in Oley, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Warranty: If you're worried about the endurance of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which installer you should choose, since different companies offer different panels.
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 Oley, PA Solar Cost FAQs
What is the average cost of installing solar panels in Oley?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Oley?
You can't get solar panels for free in Oley. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Oley, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.