Solar Panel Cost Guide in Olyphant, PA (2023 Update)
- Olyphant Solar Installation Cost: $12,370
- 25-Year Savings: $11,941
- Payback Period: 12.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Olyphant
Let's take a look at the average cost of solar panels in Olyphant.
The average cost of a solar panel system in Olyphant is 2.55 per watt. The average solar panel system size in Olyphant is around 6.9 kilowatts, meaning a cost of about $12,370 for a solar installation, or $17,689 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want, your solar contractor and more. With average savings of about $13,000 on energy bills over 20 years, many homeowners in Olyphant find investing in solar can pay off big.
To receive a free quote from a pre-vetted solar installation company in Olyphant, you can click the button below.
Solar savings over time in Olyphant
| Year | Return on Investment |
|---|---|
| 1 years | $-11,024 |
| 3 years | $-8,333 |
| 5 years | $-5,642 |
| 7 years | $-2,951 |
| 9 years | $-259 |
| 11 years | $2,432 |
| 13 years | $5,123 |
| 15 years | $7,814 |
| 17 years | $10,505 |
| 19 years | $13,197 |
| 21 years | $15,888 |
| 23 years | $18,579 |
| 25 years | $21,270 |
Top Solar Installers in Olyphant
Although you can install solar panels by yourself, it requires extra energy and expertise. For that reason, most homeowners choose to hire a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance in the long run.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Olyphant
Factors that Affect Solar Panel Costs in Olyphant
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Olyphant: 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 price of solar panels in Olyphant, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Olyphant homeowners choose to finance their solar panel systems to offset upfront costs. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Olyphant is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services at different costs. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $9,910 | 13.2 years |
| 8 kW | $2.60 | $14,566 | $13,499 | 13.0 years |
| 10 kW | $2.55 | $17,850 | $17,231 | 12.7 years |
| 12 kW | $2.50 | $20,992 | $21,106 | 12.5 years |
| 14 kW | $2.45 | $23,990 | $25,123 | 12.2 years |
| 16 kW | $2.40 | $26,846 | $29,284 | 12.0 years |
| 18 kW | $2.35 | $29,560 | $33,587 | 11.7 years |
| 20 kW | $2.29 | $32,130 | $38,033 | 11.4 years |
How to Save on Solar Panels
The solar company you go with will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: The model of solar panel you need plays a role in which installer you should go with, since different companies have access to 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 Olyphant, PA Solar Cost FAQs
How much does it cost to install solar panels in Olyphant?
This is a tough question to answer exactly, 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a good investment for lots 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 long do solar panels last in Olyphant?
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 higher level 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.