Solar Panel Cost Guide in Oley, PA (2023 Update)
- Oley Solar Installation Cost: $11,870
- 25-Year Savings: $13,989
- Payback Period: 11.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Oley
Find out how much it might cost to install solar panels in Oley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Oley, the average cost of solar panels is 2.55 per watt. Because a 6.7-kW system is needed to cover the energy costs 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%.
These figures are just averages, and how much solar costs for you may look different based on factors unique to your home and what company you go with. But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $15,000 over 20 years on utility bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Oley
| Year | Return on Investment |
|---|---|
| 1 years | $-10,836 |
| 3 years | $-8,767 |
| 5 years | $-6,698 |
| 7 years | $-4,630 |
| 9 years | $-2,561 |
| 11 years | $-492 |
| 13 years | $1,577 |
| 15 years | $3,645 |
| 17 years | $5,714 |
| 19 years | $7,783 |
| 21 years | $9,852 |
| 23 years | $11,920 |
| 25 years | $13,989 |
Top Solar Installers in Oley
When switching to solar energy, many homeowners choose to go with a solar company since installing a solar system yourself can be a time-consuming project. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by offering warranties and repairs.
There are various licensed solar professionals that can help you install your solar system. 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
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 Oley
Factors that Affect Solar Panel Costs in Oley
There are a number of factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. There are many different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much 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 costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. However, the interest on solar loans also adds to your overall costs, so it's crucial to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you select will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. The company's size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Reputation: Make sure your solar 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 efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: If you care about the endurance of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Oley, PA Solar Cost FAQs
How much does it cost to install solar panels in Oley?
This is a difficult question to answer exactly, because the cost depends on a few different 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 cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
It is possible to eradicate 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 contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much 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.