Solar Panel Cost Guide in Pequea, PA (2023 Update)
- Pequea Solar Installation Cost: $11,731
- 25-Year Savings: $12,901
- Payback Period: 11.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pequea
See how much it might cost to install solar panels in Pequea.
The average cost of solar panels in Pequea is 2.55 per watt. The average Pequea homeowner needs a 6.6-kilowatt system, which would cost about $11,727 with the federal tax credit, or $16,770 before the 30% tax credit is applied.
The true price you pay can go higher or lower than the average in Pequea based on several factors, such as the model of solar panels you choose and the solar contractor you hire. Many homeowners find going solar is a rewarding investment. The average homeowner in Pequea can save around $14,000 on their electricity bills over 20 years.
To receive a free estimate from a pre-vetted solar company in Pequea, you can click the button below.
Solar savings over time in Pequea
| Year | Return on Investment |
|---|---|
| 1 years | $-11,649 |
| 3 years | $-11,485 |
| 5 years | $-11,321 |
| 7 years | $-11,156 |
| 9 years | $-10,992 |
| 11 years | $-10,828 |
| 13 years | $-10,664 |
| 15 years | $-10,499 |
| 17 years | $-10,335 |
| 19 years | $-10,171 |
| 21 years | $-10,007 |
| 23 years | $-9,843 |
| 25 years | $-9,678 |
Top Solar Installers in Pequea
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make switching to solar power much easier. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our recommendations for providers in Pequea:
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 Pequea
Factors that Affect Solar Panel Costs in Pequea
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Pequea: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Pequea, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Pequea, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installation company you choose will play a role in your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $11,350 | 12.4 years |
| 8 kW | $2.60 | $14,566 | $15,419 | 12.1 years |
| 10 kW | $2.55 | $17,850 | $19,630 | 11.9 years |
| 12 kW | $2.50 | $20,992 | $23,985 | 11.7 years |
| 14 kW | $2.45 | $23,990 | $28,482 | 11.4 years |
| 16 kW | $2.40 | $26,846 | $33,122 | 11.2 years |
| 18 kW | $2.35 | $29,560 | $37,905 | 11.0 years |
| 20 kW | $2.29 | $32,130 | $42,831 | 10.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose significantly impacts 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:
- 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 solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
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 Pequea, PA Solar Cost FAQs
What is the average cost of installing solar panels in Pequea?
This is a tough question to answer precisely, because the cost depends on a variety of 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 additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power 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 $749.61 per year.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.