Solar Panel Cost Guide in Penn Wynne, PA (2023 Update)
- Penn Wynne Solar Installation Cost: $11,755
- 25-Year Savings: $14,891
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Penn Wynne
We go over average solar pricing in Penn Wynne.
The national average cost of solar panels is $2.66 per watt, but in Penn Wynne it's 2.55 per watt. The average solar panel system size in Penn Wynne is around 6.6 kilowatts, meaning a cost of about $11,763 for a solar installation, or $16,821 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Penn Wynne can save about $15,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar installer in Penn Wynne that can help you get a more accurate cost estimate for your home.
Solar savings over time in Penn Wynne
| Year | Return on Investment |
|---|---|
| 1 years | $-11,666 |
| 3 years | $-11,488 |
| 5 years | $-11,311 |
| 7 years | $-11,133 |
| 9 years | $-10,955 |
| 11 years | $-10,778 |
| 13 years | $-10,600 |
| 15 years | $-10,423 |
| 17 years | $-10,245 |
| 19 years | $-10,067 |
| 21 years | $-9,890 |
| 23 years | $-9,712 |
| 25 years | $-9,534 |
Top Solar Installers in Penn Wynne
Trying to put up solar panels yourself can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
If you'd like to start using solar energy but still aren't certain which solar panel company to go with, here are our recommendations 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
See all of the solar companies in Penn Wynne
Factors that Affect Solar Panel Costs in Penn Wynne
The cost of installing a solar system in Penn Wynne can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar panels and equipment you get is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Penn Wynne to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to 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 APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Penn Wynne is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for example, you'll have no shortage 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 bigger brand name and access to bulk equipment pricing, 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 | $13,139 | 11.5 years |
| 8 kW | $2.60 | $14,566 | $17,804 | 11.2 years |
| 10 kW | $2.55 | $17,850 | $22,612 | 11.0 years |
| 12 kW | $2.50 | $20,992 | $27,562 | 10.8 years |
| 14 kW | $2.45 | $23,990 | $32,656 | 10.6 years |
| 16 kW | $2.40 | $26,846 | $37,892 | 10.4 years |
| 18 kW | $2.35 | $29,560 | $43,271 | 10.1 years |
| 20 kW | $2.29 | $32,130 | $48,793 | 9.9 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Read the contract terms closely to make sure you understand the total cost, project timeline incentives and warranties.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable 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 positive reviews from past customers.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
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 Penn Wynne, PA Solar Cost FAQs
What is the average cost of installing solar panels in Penn Wynne?
The average cost of solar panels in Penn Wynne is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Penn Wynne?
A solar panel system isn't free in Penn Wynne, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $809.23 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage 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 account for 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.