Solar Panel Cost Guide in Punxsutawney, PA (Mar 2023)
- Punxsutawney Solar Installation Cost: $12,691
- 25-Year Savings: $20,026
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Punxsutawney
Find out how much it might cost to install solar panels in Punxsutawney.
Although the national average of solar panels is $2.66 per watt, solar panels in Punxsutawney generally cost about 2.55. The average Punxsutawney homeowner needs a 7.1-kilowatt system, which would cost about $12,691 with the federal tax credit, or $18,148 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what company you go with. Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Punxsutawney can save about $17,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar panel company in your area for a customized quote.
Solar savings over time in Punxsutawney
| Year | Return on Investment |
|---|---|
| 1 years | $-11,383 |
| 3 years | $-8,765 |
| 5 years | $-6,148 |
| 7 years | $-3,531 |
| 9 years | $-913 |
| 11 years | $1,704 |
| 13 years | $4,322 |
| 15 years | $6,939 |
| 17 years | $9,556 |
| 19 years | $12,174 |
| 21 years | $14,791 |
| 23 years | $17,409 |
| 25 years | $20,026 |
Top Solar Installers in Punxsutawney
Installing solar panels on your own can be a difficult undertaking, which is why getting a solar installation company is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and part replacements.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Punxsutawney
Factors that Affect Solar Panel Costs in Punxsutawney
The cost of installing a solar system in Punxsutawney can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,550 per kilowatt in Punxsutawney. 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 extra equipment 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 Punxsutawney to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time due to interest. However, the interest on solar loans also adds to your overall costs, so it's vital to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Punxsutawney, you'll have many options to choose from, but each comes at different price points for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $2.65 | $11,138 | $16,457 | 10.1 years |
| 8 kW | $2.60 | $14,566 | $22,228 | 9.9 years |
| 10 kW | $2.55 | $17,850 | $28,143 | 9.7 years |
| 12 kW | $2.50 | $20,992 | $34,199 | 9.5 years |
| 14 kW | $2.45 | $23,990 | $40,399 | 9.3 years |
| 16 kW | $2.40 | $26,846 | $46,742 | 9.1 years |
| 18 kW | $2.35 | $29,560 | $53,227 | 8.9 years |
| 20 kW | $2.29 | $32,130 | $59,855 | 8.7 years |
How to Save on Solar Panels
The solar company you choose will impact 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 take into account, including:
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Punxsutawney, PA Solar Cost FAQs
What is the average cost of installing solar panels in Punxsutawney?
The average cost of solar panels in Punxsutawney is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Punxsutawney?
Leasing solar panels can be an attractive choice, as 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can you sell solar power back to the grid in Punxsutawney?
The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Punxsutawney?
Even though 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 replace them once you've had them for that long or you can keep using 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.