Solar Panel Cost Guide in Palmyra, PA (Jan 2023)
- Palmyra Solar Installation Cost: $11,870
- 25-Year Savings: $13,084
- Payback Period: 11.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated January 20, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Palmyra
Here's how much it might cost to make the switch to solar in Palmyra.
The national average cost of solar panels is $2.66 per watt, but in Palmyra it's $3 per watt. To account for the typical energy usage of the average home in Palmyra, most homeowners require a 6.7-kilowatt system. Using the figure above, a solar installation costs around $11,870, or $8,784 after the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of going solar can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $14,000 over 20 years on energy bills.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Palmyra
| Year | Return on Investment |
|---|---|
| 1 years | $-10,872 |
| 3 years | $-8,876 |
| 5 years | $-6,879 |
| 7 years | $-4,883 |
| 9 years | $-2,887 |
| 11 years | $-890 |
| 13 years | $1,106 |
| 15 years | $3,102 |
| 17 years | $5,098 |
| 19 years | $7,095 |
| 21 years | $9,091 |
| 23 years | $11,087 |
| 25 years | $13,084 |
Top Solar Installers in Palmyra
When making the switch to solar, many homeowners prefer to go with a solar installer since installing solar panels yourself can be a difficult project. Plus, if you're not certain what type of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
If you'd like to make the switch to solar but still aren't sure which solar panel company to go with, here are our suggestions for providers 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
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 Palmyra
Factors that Affect Solar Panel Costs in Palmyra
For many Palmyra homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Palmyra, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,550 per kilowatt in Palmyra. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose 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
Most solar installers in Palmyra have solar loans, which reduce the initial cost of installing solar panels. 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 more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Palmyra, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that provides the products, warranties and services you're looking for and also is within your budget.
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 | $11,378 | 12.4 years |
| 8 kW | $2.60 | $14,566 | $15,456 | 12.1 years |
| 10 kW | $2.55 | $17,850 | $19,678 | 11.9 years |
| 12 kW | $2.50 | $20,992 | $24,041 | 11.7 years |
| 14 kW | $2.45 | $23,990 | $28,548 | 11.4 years |
| 16 kW | $2.40 | $26,846 | $33,198 | 11.2 years |
| 18 kW | $2.35 | $29,560 | $37,990 | 10.9 years |
| 20 kW | $2.29 | $32,130 | $42,925 | 10.7 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:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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 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 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Palmyra?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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.