Solar Panel Cost Guide in Shenango, PA (2024 Update)
- Shenango Solar Installation Cost: $17,384
- 25-Year Savings: $12,139
- Payback Period: 17.6 Years
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Average Cost of Solar Panels in Shenango
See how much it might cost to switch to solar power in Shenango.
In Shenango, solar panels cost about 4 per watt on average.Because a 7.0-kW system is needed to cover the energy consumption of a typical home in Shenango, the average price of going solar will be about $17,384 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of equipment you want, your solar contractor and more.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $13,000 over 20 years on electricity bills.
To get a free quote from a highly rated solar installation company in Shenango, you can click the button below.
Solar savings over time in Shenango
| Year | Return on Investment |
|---|---|
| 1 years | $-16,081 |
| 3 years | $-13,476 |
| 5 years | $-10,870 |
| 7 years | $-8,264 |
| 9 years | $-5,659 |
| 11 years | $-3,053 |
| 13 years | $-447 |
| 15 years | $2,159 |
| 17 years | $4,764 |
| 19 years | $7,370 |
| 21 years | $9,976 |
| 23 years | $12,582 |
| 25 years | $15,187 |
Top Solar Installers in Shenango
When switching to solar energy, many homeowners decide to use a solar installation company since handling can be a challenging project. Solar warranties and repairs are ordinarily included in the cost of installation when you opt for a solar contractor as well, which can save you more money after your upfront investment.
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 Shenango:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Shenango
Factors that Affect Solar Panel Costs in Shenango
The cost of installing a solar system in Shenango can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Shenango average.
Solar Financing Terms
Most solar companies in Shenango provide solar loans, which reduce the initial cost of installing solar panels.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies operating in Shenango, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.69 | $15,506 | $5,615 | 18.4 years |
| 8 kW | $3.62 | $20,278 | $7,884 | 18.0 years |
| 10 kW | $3.55 | $24,850 | $10,352 | 17.6 years |
| 12 kW | $3.48 | $29,224 | $13,019 | 17.3 years |
| 14 kW | $3.41 | $33,398 | $15,885 | 16.9 years |
| 16 kW | $3.34 | $37,374 | $18,949 | 16.6 years |
| 18 kW | $3.27 | $41,152 | $22,213 | 16.2 years |
| 20 kW | $3.19 | $44,730 | $25,675 | 15.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Long-running companies 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 quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you’re concerned about the endurance of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Installation Process: When making the switch to solar, it’s crucial to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project timeline.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Shenango, PA Solar Cost FAQs
How much does it cost to install solar panels in Shenango?
The average cost of solar panels in Shenango is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Shenango?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of 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 savings from going solar.
How will installing solar panels impact my property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t go 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."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.