Solar Panel Cost Guide in Sharon, PA (2023 Update)
- Sharon Solar Installation Cost: $12,566
- 25-Year Savings: $11,677
- Payback Period: 13.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Sharon
Find out what the average cost of solar panel installation is in Sharon.
In Sharon, solar panels cost about 2.55 per watt on average. Because a 7.0-kW system is needed to cover the energy costs of a typical home in Sharon, the average price of going solar will be about $12,566 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Sharon homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Sharon can save about $13,000 on their power bills over 20 years.
To get a free estimate from a highly rated solar installer in Sharon, you can click the button below.
Solar savings over time in Sharon
| Year | Return on Investment |
|---|---|
| 1 years | $-11,597 |
| 3 years | $-9,657 |
| 5 years | $-7,718 |
| 7 years | $-5,778 |
| 9 years | $-3,839 |
| 11 years | $-1,899 |
| 13 years | $40 |
| 15 years | $1,980 |
| 17 years | $3,919 |
| 19 years | $5,858 |
| 21 years | $7,798 |
| 23 years | $9,737 |
| 25 years | $11,677 |
Top Solar Installers in Sharon
Many homeowners choose to use a solar installer since installing solar panels by yourself can be hard. Plus, if you aren't sure what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar company in Sharon, 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Sharon
Factors that Affect Solar Panel Costs in Sharon
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Sharon: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of solar panels in Sharon, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by about $2,550 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 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. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Sharon to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. However, the interest on solar loans also adds to your all-in costs, so it's crucial to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Sharon, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Sharon know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $9,513 | 13.5 years |
| 8 kW | $2.60 | $14,566 | $12,969 | 13.2 years |
| 10 kW | $2.55 | $17,850 | $16,569 | 13.0 years |
| 12 kW | $2.50 | $20,992 | $20,311 | 12.7 years |
| 14 kW | $2.45 | $23,990 | $24,196 | 12.4 years |
| 16 kW | $2.40 | $26,846 | $28,224 | 12.2 years |
| 18 kW | $2.35 | $29,560 | $32,394 | 11.9 years |
| 20 kW | $2.29 | $32,130 | $36,708 | 11.7 years |
How to Save on Solar Panels
The solar company you choose 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 some important things you should consider, such as:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Sharon, PA Solar Cost FAQs
How much does it cost to install solar panels in Sharon?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly 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 higher-than-average energy needs. 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 Sharon?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property 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 financial benefits from going solar.
Does Sharon have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
How often do you have to replace solar panels?
On average, solar panels can last 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.