Solar Panel Cost Guide in Saltlick, PA (2023 Update)
- Saltlick Solar Installation Cost: $12,531
- 25-Year Savings: $12,143
- Payback Period: 12.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Saltlick
Let's take a look at the average cost of solar panels in Saltlick.
The average cost of solar panels in Saltlick is 2.55 per watt. Since a 7.0-kW system is needed to cover the energy consumption of a typical home in Saltlick, the average price of going solar will be about $12,531 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary depending on several factors, such as what size system you need, your energy usage and what installation company you go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $13,000 over 20 years on energy bills.
To receive a free quote from a vetted solar installer in Saltlick, you can click the button below.
Solar savings over time in Saltlick
| Year | Return on Investment |
|---|---|
| 1 years | $-11,544 |
| 3 years | $-9,570 |
| 5 years | $-7,596 |
| 7 years | $-5,622 |
| 9 years | $-3,648 |
| 11 years | $-1,674 |
| 13 years | $300 |
| 15 years | $2,273 |
| 17 years | $4,247 |
| 19 years | $6,221 |
| 21 years | $8,195 |
| 23 years | $10,169 |
| 25 years | $12,143 |
Top Solar Installers in Saltlick
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using an installer can make your swap to solar power much easier. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy use, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
You can work with a local solar installer to get a free estimate on the cost of solar panels 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
See all of the solar companies in Saltlick
Factors that Affect Solar Panel Costs in Saltlick
For many Saltlick homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Saltlick, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. The brand and type 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 greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Saltlick provide solar loans, which reduce the initial cost of installing a solar system. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies operating in Saltlick, and each can charge varying amounts for labor and equipment. The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion 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 | $9,936 | 13.2 years |
| 8 kW | $2.60 | $14,566 | $13,533 | 13.0 years |
| 10 kW | $2.55 | $17,850 | $17,273 | 12.7 years |
| 12 kW | $2.50 | $20,992 | $21,156 | 12.5 years |
| 14 kW | $2.45 | $23,990 | $25,182 | 12.2 years |
| 16 kW | $2.40 | $26,846 | $29,351 | 11.9 years |
| 18 kW | $2.35 | $29,560 | $33,662 | 11.7 years |
| 20 kW | $2.29 | $32,130 | $38,116 | 11.4 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose greatly impacts your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Contract: Look through the contract terms thoroughly to make sure you understand the total cost, completion timeline rebates and warranties.
- 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 past customers and solar experts like EcoWatch.
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 Saltlick, PA Solar Cost FAQs
What is the average cost of installing solar panels in Saltlick?
The average cost of solar panels in Saltlick 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 like 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 Saltlick?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Do solar panels increase your home value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't opt for 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 should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a 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 account for 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.