Solar Panel Cost Guide in Price, PA (2023 Update)
- Price Solar Installation Cost: $12,138
- 25-Year Savings: $12,540
- Payback Period: 12.3 Years
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Updated May 04, 2023
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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 average cost of a solar system in Price is 2.55 per watt. The average solar panel system size in Price is around 6.8 kilowatts, meaning a cost of about $12,138 for a solar installation, or $17,357 before the 30% federal solar tax credit is applied.
These figures are only averages, and your own solar costs may vary based on factors unique to your home and what company you choose to go with. But, once you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $14,000 over 20 years on power bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Price
| Year | Return on Investment |
|---|---|
| 1 years | $-11,151 |
| 3 years | $-9,177 |
| 5 years | $-7,202 |
| 7 years | $-5,228 |
| 9 years | $-3,254 |
| 11 years | $-1,280 |
| 13 years | $695 |
| 15 years | $2,669 |
| 17 years | $4,643 |
| 19 years | $6,617 |
| 21 years | $8,592 |
| 23 years | $10,566 |
| 25 years | $12,540 |
Top Solar Installers in Price
Trying to install solar panels on your own can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. In addition, if you'd like to maximize your investment in solar power, using a solar installer can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
If you'd like to switch to solar energy but still aren't certain which solar system installer to go with, here are our suggestions 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 Price
Factors that Affect Solar Panel Costs in Price
For many Price homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Price, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Price, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
Many homeowners find the average cost of solar in Price to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. 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 on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies operating in Price, and each can charge varying amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $10,631 | 12.8 years |
| 8 kW | $2.60 | $14,566 | $14,461 | 12.5 years |
| 10 kW | $2.55 | $17,850 | $18,433 | 12.3 years |
| 12 kW | $2.50 | $20,992 | $22,548 | 12.1 years |
| 14 kW | $2.45 | $23,990 | $26,805 | 11.8 years |
| 16 kW | $2.40 | $26,846 | $31,206 | 11.6 years |
| 18 kW | $2.35 | $29,560 | $35,749 | 11.3 years |
| 20 kW | $2.29 | $32,130 | $40,436 | 11.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Before you sign a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
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 Price, PA Solar Cost FAQs
What is the average cost of installing solar panels in Price?
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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
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 their energy production will have decreased significantly after that point. You can opt 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.