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.Since a 6.6-kW system is needed to cover the energy usage of a typical home in Red Lion, the average price of going solar will be about $16,398 after claiming the federal solar tax credit of 0.
These figures are only estimates, and your own solar costs will vary based on your energy needs and what company you want to go with.For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $15,000 in savings on energy bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
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
Trying to put up solar panels yourself can be a time-consuming task, which is why using a solar installer is a good option for many homeowners. The expertise that solar installers offer can be helpful as well, particularly if you aren’t sure what type of solar equipment would be right for your home.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
For many Red Lion homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Red Lion, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy 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 around $3,550. The type of 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, more efficient panels could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Red Lion average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are an affordable option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.Even though solar loans make going solar more accessible for Red Lion homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Red Lion is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for example, you’ll have many options for solar installers that offer a range of services for different budgets.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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
There are a large number of companies available in Red Lion, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: The kind of solar panel you need to get plays a part in which company you should opt for, since different companies have access to different panels.
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 difficult question to answer precisely, because the cost depends on a variety of 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 be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact the value of my home?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.