Solar Panel Cost Guide in Pocono Woodland Lakes, PA (2024 Update)
- Pocono Woodland Lakes Solar Installation Cost: $16,905
- 25-Year Savings: $15,767
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Pocono Woodland Lakes
Find out what the average cost of a solar system is in Pocono Woodland Lakes.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pocono Woodland Lakes, the typical cost of solar panels is 4 per watt.Because a 6.8-kW system is needed to cover the energy needs of a typical home in Pocono Woodland Lakes, the average price of going solar will be about $16,905 after claiming the federal solar tax credit of 0.
These figures are only estimates, and the cost of going solar for you will most likely vary based on the amount of energy your home requires and what company you go with.For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $16,000 in savings on electricity bills over 20 years.
To get a free quote from a top solar installation 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 | $-15,662 |
| 3 years | $-13,176 |
| 5 years | $-10,690 |
| 7 years | $-8,204 |
| 9 years | $-5,718 |
| 11 years | $-3,232 |
| 13 years | $-746 |
| 15 years | $1,740 |
| 17 years | $4,226 |
| 19 years | $6,712 |
| 21 years | $9,198 |
| 23 years | $11,684 |
| 25 years | $14,170 |
Top Solar Installers in Pocono Woodland Lakes
Many homeowners opt for a solar panel installer since installing solar panels on your own can be a lot of work. Companies can also have access to a large variety of the best solar panels and help you decide which one will be right for you.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Pocono Woodland Lakes
Factors that Affect Solar Panel Costs in Pocono Woodland Lakes
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Pocono Woodland Lakes: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,550. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Pocono Woodland Lakes average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Pocono Woodland Lakes, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the growing popularity of sustainable energy solutions in Pocono Woodland Lakes, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — 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 want and also fits 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 | $3.69 | $15,506 | $9,110 | 15.7 years |
| 8 kW | $3.62 | $20,278 | $12,544 | 15.4 years |
| 10 kW | $3.55 | $24,850 | $16,177 | 15.1 years |
| 12 kW | $3.48 | $29,224 | $20,009 | 14.8 years |
| 14 kW | $3.41 | $33,398 | $24,040 | 14.5 years |
| 16 kW | $3.34 | $37,374 | $28,269 | 14.2 years |
| 18 kW | $3.27 | $41,152 | $32,698 | 13.9 years |
| 20 kW | $3.19 | $44,730 | $37,325 | 13.6 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your total costs, but also the types 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, including:
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Solar Panel Brands: The kind of solar panel you need plays a role in which company you should opt for, since different companies provide different panels.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Pocono Woodland Lakes, PA Solar Cost FAQs
How much does it cost to install solar panels in Pocono Woodland Lakes?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Pocono Woodland Lakes?
You can’t get solar panels for free in Pocono Woodland Lakes. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Pocono Woodland Lakes?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce 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.