Solar Panel Cost Guide in Shanor Northvue, PA (2023 Update)
- Shanor Northvue Solar Installation Cost: $12,477
- 25-Year Savings: $12,456
- Payback Period: 12.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Shanor Northvue
Find out what the average cost of solar panels are in Shanor Northvue.
The average cost of a solar panel system in Shanor Northvue is 2.55 per watt. Because a 7.0-kW system is needed to cover the energy needs of a typical home in Shanor Northvue, the average price of going solar will be about $12,477 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 actual cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what company you go with. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $14,000 in savings on energy bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Shanor Northvue
| Year | Return on Investment |
|---|---|
| 1 years | $-11,480 |
| 3 years | $-9,485 |
| 5 years | $-7,490 |
| 7 years | $-5,496 |
| 9 years | $-3,501 |
| 11 years | $-1,506 |
| 13 years | $488 |
| 15 years | $2,483 |
| 17 years | $4,478 |
| 19 years | $6,472 |
| 21 years | $8,467 |
| 23 years | $10,462 |
| 25 years | $12,456 |
Top Solar Installers in Shanor Northvue
Many homeowners opt for a solar panel installer since trying to put up solar panels yourself can be hard. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be right for you.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Shanor Northvue
Factors that Affect Solar Panel Costs in Shanor Northvue
There are many factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar 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 around $2,550. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Shanor Northvue average.
Solar Financing Terms
Most solar companies in Shanor Northvue offer solar loans, which reduce the initial cost of installing solar panels. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in Shanor Northvue, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Shanor Northvue are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $10,275 | 13.0 years |
| 8 kW | $2.60 | $14,566 | $13,986 | 12.8 years |
| 10 kW | $2.55 | $17,850 | $17,840 | 12.5 years |
| 12 kW | $2.50 | $20,992 | $21,836 | 12.3 years |
| 14 kW | $2.45 | $23,990 | $25,975 | 12.0 years |
| 16 kW | $2.40 | $26,846 | $30,257 | 11.8 years |
| 18 kW | $2.35 | $29,560 | $34,682 | 11.5 years |
| 20 kW | $2.29 | $32,130 | $39,249 | 11.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
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 Shanor Northvue, PA Solar Cost FAQs
How much does it cost to install solar panels in Shanor Northvue?
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. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Shanor Northvue?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The drawback 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 having solar panels impact my property 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% after installing a solar system."
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 get 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.