Solar Panel Cost Guide in Sayre, PA (2023 Update)
- Sayre Solar Installation Cost: $12,602
- 25-Year Savings: $18,960
- Payback Period: 10.0 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 Sayre
We break down average solar pricing in Sayre.
Although the national average of solar panels is $2.66 per watt, solar panels in Sayre typically cost around 2.55. The average solar panel system size in Sayre is around 7.1 kilowatts, meaning a cost of about $12,602 for a solar installation, or $18,021 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may vary based on your energy needs and what company you choose to go with. For most homeowners, the upfront cost of solar is worth paying. On average Sayre homeowners see about $17,000 in savings on utility bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in your area for a personalized estimate.
Solar savings over time in Sayre
| Year | Return on Investment |
|---|---|
| 1 years | $-11,340 |
| 3 years | $-8,815 |
| 5 years | $-6,290 |
| 7 years | $-3,765 |
| 9 years | $-1,240 |
| 11 years | $1,285 |
| 13 years | $3,810 |
| 15 years | $6,335 |
| 17 years | $8,860 |
| 19 years | $11,385 |
| 21 years | $13,910 |
| 23 years | $16,435 |
| 25 years | $18,960 |
Top Solar Installers in Sayre
Installing solar panels yourself can be a difficult project, which is why using a solar installation company is a good option for many homeowners. Plus, if you'd like to maximize your investment in solar, going with a solar company can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
If you'd like to go solar but still aren't sure which solar panel installer to go with, here are our suggestions for providers in Sayre:
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 Sayre
Factors that Affect Solar Panel Costs in Sayre
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Sayre: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,550 per kilowatt in Sayre. There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies operating in Sayre, and each can charge different amounts 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 at a higher cost. It's best to do some research and choose a company that provides the products, warranties and services you're looking for and also fits within 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 | $2.65 | $11,138 | $15,668 | 10.4 years |
| 8 kW | $2.60 | $14,566 | $21,177 | 10.2 years |
| 10 kW | $2.55 | $17,850 | $26,828 | 10.0 years |
| 12 kW | $2.50 | $20,992 | $32,622 | 9.8 years |
| 14 kW | $2.45 | $23,990 | $38,559 | 9.6 years |
| 16 kW | $2.40 | $26,846 | $44,638 | 9.4 years |
| 18 kW | $2.35 | $29,560 | $50,861 | 9.2 years |
| 20 kW | $2.29 | $32,130 | $57,226 | 9.0 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 selecting a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
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 Sayre, PA Solar Cost FAQs
What is the average cost of installing solar panels in Sayre?
The average cost of solar panels in Sayre is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors 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 Sayre?
Leasing solar panels can be an appealing choice, because 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 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.
Is switching to solar power worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 buy 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.