Solar Panel Cost Guide in Pocono Woodland Lakes, PA (2023 Update)
- Pocono Woodland Lakes Solar Installation Cost: $12,138
- 25-Year Savings: $15,772
- Payback Period: 10.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Pocono Woodland Lakes
We go over average solar pricing in Pocono Woodland Lakes.
The national average cost of solar panels is $2.66 per watt, but in Pocono Woodland Lakes it's 2.55 per watt. Because a 6.8-kW system is needed to cover the energy costs of a typical home in Pocono Woodland Lakes, the average price of going solar will be about $12,138 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of equipment you want to get, your solar contractor and more. With typical savings of about $16,000 on power bills over 20 years, many homeowners in Pocono Woodland Lakes find going solar has a decent ROI.
To get a free estimate from a vetted solar company in Pocono Woodland Lakes, you can click the button below.
Solar savings over time in Pocono Woodland Lakes
| Year | Return on Investment |
|---|---|
| 1 years | $-11,022 |
| 3 years | $-8,789 |
| 5 years | $-6,556 |
| 7 years | $-4,323 |
| 9 years | $-2,090 |
| 11 years | $143 |
| 13 years | $2,375 |
| 15 years | $4,608 |
| 17 years | $6,841 |
| 19 years | $9,074 |
| 21 years | $11,307 |
| 23 years | $13,539 |
| 25 years | $15,772 |
Top Solar Installers in Pocono Woodland Lakes
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make your swap to solar power much easier. Another perk of going with a solar company is that they can help you make the most of your return of investment by reducing your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
If you'd like to switch to solar energy but still aren't certain which solar installer to go with, here are our recommendations for providers nearby:
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 Pocono Woodland Lakes
Factors that Affect Solar Panel Costs in Pocono Woodland Lakes
Although the average cost of a solar system in Pocono Woodland Lakes is $12,138, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important 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 energy your household consumes, the larger your system will likely need to be. You can expect to pay around $2,550 per kilowatt in Pocono Woodland Lakes. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. Though solar loans make switching to solar energy more accessible for Pocono Woodland Lakes homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can affect the cost. Pocono Woodland Lakes' solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and bulk 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 promotion 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 | $2.65 | $11,138 | $13,478 | 11.3 years |
| 8 kW | $2.60 | $14,566 | $18,256 | 11.1 years |
| 10 kW | $2.55 | $17,850 | $23,177 | 10.9 years |
| 12 kW | $2.50 | $20,992 | $28,241 | 10.7 years |
| 14 kW | $2.45 | $23,990 | $33,448 | 10.4 years |
| 16 kW | $2.40 | $26,846 | $38,797 | 10.2 years |
| 18 kW | $2.35 | $29,560 | $44,290 | 10.0 years |
| 20 kW | $2.29 | $32,130 | $49,925 | 9.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one mark of a quality company.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though 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 take a look at their list of options before making your decision.
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 Pocono Woodland Lakes, PA Solar Cost FAQs
What is the average cost of installing solar panels in Pocono Woodland Lakes?
This is a tough question to answer exactly, because the cost depends on a few different 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. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Pocono Woodland Lakes?
Leasing solar panels can be an attractive choice, because it often 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is it worth going solar in Pocono Woodland Lakes?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
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 their energy production will have decreased significantly after that point. You can decide to replace them after having 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.