Solar Panel Cost Guide in Park Forest Village, PA (Sep 2022)

  • Park Forest Village Solar Installation Cost: $12,513
  • 25-Year Savings: $8,531
  • Payback Period: 14.9 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Park Forest Village

We break down average solar pricing in Park Forest Village.

Although the national average of solar panels is $2.66 per watt, solar panels in Park Forest Village generally cost around $3. Using this figure, a typical 7.0 would cost about $12,513 before the 30% federal solar tax credit is applied.

How much you pay can go higher or lower than the average in Park Forest Village depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. Despite the large initial cost, the average Park Forest Village homeowner can save around $11,000 on their energy bills over 20 years, which is one of the advantages of solar.

You can click the button below to get connected with a vetted solar company in Park Forest Village that can help you get a more accurate cost estimate for your home.

Solar savings over time in Park Forest Village

Year Return on Investment
1 years $-11,671
3 years $-9,988
5 years $-8,304
7 years $-6,621
9 years $-4,937
11 years $-3,254
13 years $-1,570
15 years $113
17 years $1,797
19 years $3,480
21 years $5,164
23 years $6,847
25 years $8,531

Top Solar Installers in Park Forest Village

When going solar, many homeowners prefer to go with a solar installer since handling can be a challenging project. Some solar installers, especially local ones, can help you make the most of incentives in Park Forest Village, thereby optimizing your ROI.

There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Park Forest Village

Factors that Affect Solar Panel Costs in Park Forest Village

Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Park Forest Village: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment Size

When it comes to estimating the price of a solar energy system in Park Forest Village, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you choose also affects the cost. In general, 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 far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Park Forest Village, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. 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 original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.

Solar Panel Installation Company

The final significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Park Forest Village, 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 choose a company that offers the products, warranties and services you want 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 $6,877 15.5 years
8 kW $2.60 $14,566 $9,455 15.2 years
10 kW $2.55 $17,850 $12,176 14.9 years
12 kW $2.50 $20,992 $15,040 14.6 years
14 kW $2.45 $23,990 $18,046 14.3 years
16 kW $2.40 $26,846 $21,195 14.0 years
18 kW $2.35 $29,560 $24,487 13.7 years
20 kW $2.29 $32,130 $27,922 13.4 years

Solar Incentives in Park Forest Village

Name Solar Alternative Energy Credits
Incentive Amount Varies based on market conditions; during 2015 the market price for PA-sourced SRECs has ranged from approximately $32 - $55/MWh ($0.032 - $0.055/kWh) although individual trades have taken place at substantially lower and higher prices.
Incentive Max Varies based on market conditions; SACP does not represent a price ceiling because it is only determined after the fact
Website Visit here
More Info Click here

Name High Performance Building Incentives Program
Incentive Amount Vary by project, but program generally requires matching funds at least equivalent to DCED funding
Incentive Max Residential loans/loan guarantees: $100,000
Commercial loans/loan guarantees: $2 million
Grants: Lesser of 10% of project costs or $500,000
Website Visit here
More Info Click here

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name High Performance Buildings Incentive Program
Website Visit here
More Info Click here

How to Save on Solar Panels

Since the type of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
  • Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Park Forest Village, PA Solar Cost FAQs

How much does it cost to install solar panels in Park Forest Village?

This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally 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 needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Is cost the most important consideration when buying solar panels?

Cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.

Does Park Forest Village have a net metering program?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.

How often do you have to replace solar panels?

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 amount 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.

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