Solar Panel Cost Guide in Red Lion, PA (2024 Update)
- Red Lion Solar Installation Cost: $16,398
- 25-Year Savings: $14,232
- Payback Period: 15.8 Years
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Average Cost of Solar Panels in Red Lion
Find out what the average cost of a solar system is in Red Lion.
In Red Lion, solar panels cost about 4 per watt on average.The average Red Lion homeowner needs a 6.6-kilowatt system, which would cost about $16,398 with the federal tax credit, or $23,449 before the 0 tax credit is applied.
The true cost of your system can be higher or lower than the average in Red Lion depending on a variety of factors, such as the type of solar panels you choose and the solar company you hire.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $15,000 in savings on utility bills over 20 years.
Click the button below to get connected to a vetted solar company in Red Lion for a custom quote.
Solar savings over time in Red Lion
| Year | Return on Investment |
|---|---|
| 1 years | $-15,155 |
| 3 years | $-12,669 |
| 5 years | $-10,183 |
| 7 years | $-7,697 |
| 9 years | $-5,211 |
| 11 years | $-2,726 |
| 13 years | $-240 |
| 15 years | $2,246 |
| 17 years | $4,732 |
| 19 years | $7,218 |
| 21 years | $9,704 |
| 23 years | $12,190 |
| 25 years | $14,676 |
Top Solar Installers in Red Lion
When switching to solar energy, many homeowners choose to go with a solar installer since putting up a solar system yourself can be a challenging project. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
Working with a professional solar company 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 Red Lion
Factors that Affect Solar Panel Costs in Red Lion
Though the average cost of a solar system in Red Lion is $16,398, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar energy system you need, 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 $3,550. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Red Lion homeowners opt to finance their solar panel systems to make going solar more affordable.Though solar loans make switching to solar energy more accessible for Red Lion homeowners, they can also raise the total you pay for your system due to interest. 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
The final key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Red Lion, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — 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 go with the company that has the products, warranties and services you want and also fit into 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 | $8,143 | 16.4 years |
| 8 kW | $3.62 | $20,278 | $11,256 | 16.1 years |
| 10 kW | $3.55 | $24,850 | $14,566 | 15.8 years |
| 12 kW | $3.48 | $29,224 | $18,076 | 15.4 years |
| 14 kW | $3.41 | $33,398 | $21,785 | 15.1 years |
| 16 kW | $3.34 | $37,374 | $25,692 | 14.8 years |
| 18 kW | $3.27 | $41,152 | $29,798 | 14.5 years |
| 20 kW | $3.19 | $44,730 | $34,103 | 14.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Contract: Before signing a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you’re not 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.
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 Red Lion, PA Solar Cost FAQs
How much does it cost to install solar panels in Red Lion?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas 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.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.