Solar Panel Cost Guide in Reiffton, PA (2023 Update)
- Reiffton Solar Installation Cost: $11,872
- 25-Year Savings: $13,725
- Payback Period: 11.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Reiffton
See how much it might cost to go solar in Reiffton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Reiffton, the typical cost of a solar system is 2.55 per watt. Using this figure, a typical 6.7-kW system would cost about $11,870 before the 30% federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Reiffton based on several factors, such as the kind of solar panels you choose and the solar installer you hire. But, once you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $15,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar company in Reiffton for a quote for your home.
Solar savings over time in Reiffton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,629 |
| 3 years | $-8,143 |
| 5 years | $-5,657 |
| 7 years | $-3,171 |
| 9 years | $-685 |
| 11 years | $1,801 |
| 13 years | $4,287 |
| 15 years | $6,773 |
| 17 years | $9,259 |
| 19 years | $11,745 |
| 21 years | $14,230 |
| 23 years | $16,716 |
| 25 years | $19,202 |
Top Solar Installers in Reiffton
When making the switch to solar, many homeowners prefer to hire a solar installation company since DIY solar panel installation can be a difficult project. The expertise that solar companies provide can be invaluable as well, especially if you aren't sure what kind of solar equipment would be right for your home.
If you're on the hunt for a solar installer in Reiffton, we've compiled a list of our top suggestions here:
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 Reiffton
Factors that Affect Solar Panel Costs in Reiffton
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Reiffton: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at 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 increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Reiffton, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you select will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $11,953 | 12.1 years |
| 8 kW | $2.60 | $14,566 | $16,223 | 11.8 years |
| 10 kW | $2.55 | $17,850 | $20,636 | 11.6 years |
| 12 kW | $2.50 | $20,992 | $25,192 | 11.4 years |
| 14 kW | $2.45 | $23,990 | $29,890 | 11.1 years |
| 16 kW | $2.40 | $26,846 | $34,731 | 10.9 years |
| 18 kW | $2.35 | $29,560 | $39,715 | 10.7 years |
| 20 kW | $2.29 | $32,130 | $44,842 | 10.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: The model of solar panel you'd like plays a role in which company you should choose, since different companies have access to different panels.
- Reputation: Well-established companies likely have a solid 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 support, such as part repairs and replacements.
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 Reiffton, PA Solar Cost FAQs
How much does it cost to install solar panels in Reiffton?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Reiffton?
Leasing solar panels can be an appealing choice, as it commonly 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
How will installing solar panels impact my home value?
Solar panels can increase the value of your home significantly 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."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.