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Top Solar Installers in Prospect Park
Although you can install solar panels by yourself, it requires extra time and knowledge. Because of that, the majority of homeowners choose to hire a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be best for your home.
If you'd like to make the switch to solar but still aren't sure which solar company to go with, here are our recommendations for providers nearby:
See all of the solar companies in Prospect Park
Factors that Affect Solar Panel Costs in Prospect Park
The cost of installing a solar system in Prospect Park can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
The size of the solar panel system you need to offset your energy usage, 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 about $2,550. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Prospect Park average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Prospect Park, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. 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 remarkably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Prospect Park is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for example, there's no shortage of solar installers that provide a range of services at different price points. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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||$13,415||11.3 years|
|8 kW||$2.60||$14,566||$18,172||11.1 years|
|10 kW||$2.55||$17,850||$23,072||10.9 years|
|12 kW||$2.50||$20,992||$28,114||10.7 years|
|14 kW||$2.45||$23,990||$33,300||10.5 years|
|16 kW||$2.40||$26,846||$38,628||10.3 years|
|18 kW||$2.35||$29,560||$44,100||10.0 years|
|20 kW||$2.29||$32,130||$49,713||9.8 years|
How to Save on Solar Panels
The solar panel company you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: The kind of solar panel you need plays a part in which company you should opt for, since different companies provide different panels.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
EcoWatch's Prospect Park, PA Solar Cost FAQs
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.