Solar Panel Cost Guide in Selinsgrove, PA (2023 Update)
- Selinsgrove Solar Installation Cost: $12,263
- 25-Year Savings: $12,048
- Payback Period: 12.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Selinsgrove
Let's take a look at the average cost of solar panels in Selinsgrove.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Selinsgrove, the typical cost of a solar system is 2.55 per watt. Using this figure, a typical 6.9-kW system would cost about $12,263 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more. Even with the significant initial cost, the average Selinsgrove homeowner can save about $13,000 on their power bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a pre-vetted solar installation company in Selinsgrove, you can click the button below.
Solar savings over time in Selinsgrove
| Year | Return on Investment |
|---|---|
| 1 years | $-11,291 |
| 3 years | $-9,346 |
| 5 years | $-7,401 |
| 7 years | $-5,456 |
| 9 years | $-3,511 |
| 11 years | $-1,566 |
| 13 years | $379 |
| 15 years | $2,324 |
| 17 years | $4,268 |
| 19 years | $6,213 |
| 21 years | $8,158 |
| 23 years | $10,103 |
| 25 years | $12,048 |
Top Solar Installers in Selinsgrove
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring an installer can make converting to solar power much easier. The payback period of solar panels will vary depending on factors like your location and energy consumption, but going with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
If you're on the hunt for a solar company in Selinsgrove, the EcoWatch team has put together 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 Selinsgrove
Factors that Affect Solar Panel Costs in Selinsgrove
The cost of installing a solar system in Selinsgrove can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,550. The solar equipment you choose can bring your price up or down 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, higher efficiency could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Selinsgrove average.
Solar Financing Terms
Most solar companies in Selinsgrove provide solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can influence how much it costs. Selinsgrove's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Selinsgrove have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $10,091 | 13.1 years |
| 8 kW | $2.60 | $14,566 | $13,740 | 12.9 years |
| 10 kW | $2.55 | $17,850 | $17,532 | 12.6 years |
| 12 kW | $2.50 | $20,992 | $21,467 | 12.4 years |
| 14 kW | $2.45 | $23,990 | $25,545 | 12.1 years |
| 16 kW | $2.40 | $26,846 | $29,765 | 11.9 years |
| 18 kW | $2.35 | $29,560 | $34,129 | 11.6 years |
| 20 kW | $2.29 | $32,130 | $38,635 | 11.4 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
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 Selinsgrove, PA Solar Cost FAQs
What is the average cost of installing solar panels in Selinsgrove?
The average cost of solar panels in Selinsgrove 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 model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How much can I save on power bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Selinsgrove, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.