Solar Panel Cost Guide in Palmyra, PA (2024 Update)
- Palmyra Solar Installation Cost: $16,524
- 25-Year Savings: $13,085
- Payback Period: 16.6 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Palmyra
Find out what the average cost of installing solar panels is in Palmyra.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Palmyra, the average cost of a solar system is 4 per watt.The average solar panel system size in Palmyra is around 6.6 kilowatts, meaning a cost of about $16,524 for a solar installation, or $23,629 before the 0 federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may vary based on your energy needs and what company you want to go with.Many homeowners find going solar is a solid investment. The average homeowner in Palmyra can save around $14,000 on their power bills over 20 years.
Click the button below to get connected to a vetted solar installer in your area for a personalized quote.
Solar savings over time in Palmyra
Year | Return on Investment |
---|---|
1 years | $-15,281 |
3 years | $-12,795 |
5 years | $-10,309 |
7 years | $-7,823 |
9 years | $-5,337 |
11 years | $-2,851 |
13 years | $-365 |
15 years | $2,121 |
17 years | $4,607 |
19 years | $7,093 |
21 years | $9,579 |
23 years | $12,065 |
25 years | $14,551 |
Top Solar Installers in Palmyra
Installing solar panels by yourself can be a stressful project, which is why getting a solar installer is a good option for many homeowners. Some solar installers, especially local ones, can help you make the most of incentives in Palmyra, therefore optimizing your ROI.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Palmyra:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Palmyra
Factors that Affect Solar Panel Costs in Palmyra
Though the average cost of a solar system in Palmyra is $16,524, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Palmyra average.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over five to seven years on average.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 can only 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 getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar panel installer you select will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The company’s size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater 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 | $3.69 | $15,506 | $7,010 | 17.2 years |
8 kW | $3.62 | $20,278 | $9,744 | 16.9 years |
10 kW | $3.55 | $24,850 | $12,678 | 16.6 years |
12 kW | $3.48 | $29,224 | $15,809 | 16.2 years |
14 kW | $3.41 | $33,398 | $19,140 | 15.9 years |
16 kW | $3.34 | $37,374 | $22,670 | 15.6 years |
18 kW | $3.27 | $41,152 | $26,398 | 15.2 years |
20 kW | $3.19 | $44,730 | $30,325 | 14.9 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 models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: Read the contract terms closely to make sure you understand the total cost, completion timeline rebates and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Palmyra, PA Solar Cost FAQs
How much does it cost to install solar panels in Palmyra?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Palmyra?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How will installing solar panels impact the value of my home?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t opt 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 solar panels."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 install 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.