Solar Panel Cost Guide in Point, PA (2024 Update)
- Point Solar Installation Cost: $17,125
- 25-Year Savings: $8,122
- Payback Period: 21.0 Years
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Average Cost of Solar Panels in Point
Here’s how much it might cost to go solar in Point.
The average cost of solar panels in Point is 4 per watt.The average Point homeowner needs a 6.9-kilowatt system, which would cost about $17,125 with the federal tax credit, or $24,489 before the 0 tax credit is applied.
The true cost of your system can go above or below the average in Point based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.Despite the high initial cost, the average Point homeowner can save around $11,000 on their electricity bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a reputable solar panel company in your area for a custom quote.
Solar savings over time in Point
| Year | Return on Investment |
|---|---|
| 1 years | $-16,018 |
| 3 years | $-13,802 |
| 5 years | $-11,587 |
| 7 years | $-9,372 |
| 9 years | $-7,157 |
| 11 years | $-4,942 |
| 13 years | $-2,726 |
| 15 years | $-511 |
| 17 years | $1,704 |
| 19 years | $3,919 |
| 21 years | $6,134 |
| 23 years | $8,349 |
| 25 years | $10,565 |
Top Solar Installers in Point
Installing solar panels yourself can be a difficult task, which is why getting a solar installation company is a good option for many homeowners. Some solar installers, especially local ones, can help you better understand incentives in Point, therefore optimizing your ROI.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in Point
Factors that Affect Solar Panel Costs in Point
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Point: 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 some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,550.There are several different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Point have solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of financing options, 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 significantly.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $2,275 | 21.8 years |
| 8 kW | $3.62 | $20,278 | $3,431 | 21.4 years |
| 10 kW | $3.55 | $24,850 | $4,786 | 21.0 years |
| 12 kW | $3.48 | $29,224 | $6,340 | 20.5 years |
| 14 kW | $3.41 | $33,398 | $8,092 | 20.1 years |
| 16 kW | $3.34 | $37,374 | $10,043 | 19.7 years |
| 18 kW | $3.27 | $41,152 | $12,193 | 19.3 years |
| 20 kW | $3.19 | $44,730 | $14,542 | 18.9 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Point, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
Best National Provider
SunPower
- 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
- 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
EcoWatch's Point, PA Solar Cost FAQs
How much does it cost to install solar panels in Point?
The average cost of solar panels in Point is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Point?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The downside 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 option if you want to get the most savings.
How much can I save on energy bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Point, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.