Solar Panel Cost Guide in Price, PA (2024 Update)
- Price Solar Installation Cost: $16,902
- 25-Year Savings: $12,537
- Payback Period: 17.1 Years
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Average Cost of Solar Panels in Price
Find out what the average cost of a solar system is in Price.
The national average cost of solar panels is $2.66 per watt, but in Price it’s 4 per watt.Since a 6.8-kW system is needed to cover the energy consumption of a typical home in Price, the average price of going solar will be about $16,902 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Price depending on several factors, such as the brand of solar panels you choose and the solar company you hire.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Price can save about $14,000 on their power bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Price
| Year | Return on Investment |
|---|---|
| 1 years | $-15,582 |
| 3 years | $-12,942 |
| 5 years | $-10,302 |
| 7 years | $-7,662 |
| 9 years | $-5,023 |
| 11 years | $-2,383 |
| 13 years | $257 |
| 15 years | $2,897 |
| 17 years | $5,537 |
| 19 years | $8,177 |
| 21 years | $10,817 |
| 23 years | $13,457 |
| 25 years | $16,096 |
Top Solar Installers in Price
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Hiring an installer can make your swap to solar power much easier. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar company as well, which can save you more money over time.
If you're on the hunt for a solar installer in Price, we've compiled a list of our top suggestions here:
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 Price
Factors that Affect Solar Panel Costs in Price
Cost is often 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 Price: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require 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 $3,550.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Price to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time because of interest.While solar loans make going solar more accessible for Price homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can impact how much it costs. Price’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced products — 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 find a company that offers 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 | $6,263 | 17.8 years |
| 8 kW | $3.62 | $20,278 | $8,749 | 17.5 years |
| 10 kW | $3.55 | $24,850 | $11,433 | 17.1 years |
| 12 kW | $3.48 | $29,224 | $14,316 | 16.8 years |
| 14 kW | $3.41 | $33,398 | $17,397 | 16.4 years |
| 16 kW | $3.34 | $37,374 | $20,678 | 16.1 years |
| 18 kW | $3.27 | $41,152 | $24,157 | 15.8 years |
| 20 kW | $3.19 | $44,730 | $27,836 | 15.4 years |
How to Save on Solar Panels
The solar company you go with will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Price, PA Solar Cost FAQs
What is the average cost of installing solar panels in Price?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly 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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Price?
Leasing solar panels can be an attractive 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 way to go if you want to get the most savings.
Is it worth going solar in Price?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Price?
On average, the lifespan of solar panels is 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 higher 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.