Solar Panel Cost Guide in Shrewsbury, PA (2023 Update)
- Shrewsbury Solar Installation Cost: $16,398
- 25-Year Savings: $15,365
- Payback Period: 15.1 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Shrewsbury
We break down average solar pricing in Shrewsbury.
In Shrewsbury, solar panels cost about 4 per watt on average.Because a 6.6-kW system is needed to cover the energy usage of a typical home in Shrewsbury, the average price of going solar will be about $16,398 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Shrewsbury can save around $16,000 on their electricity bills over 20 years.
To receive a free estimate from a pre-vetted solar installer in Shrewsbury, you can click the button below.
Solar savings over time in Shrewsbury
| Year | Return on Investment |
|---|---|
| 1 years | $-15,155 |
| 3 years | $-12,669 |
| 5 years | $-10,183 |
| 7 years | $-7,697 |
| 9 years | $-5,211 |
| 11 years | $-2,726 |
| 13 years | $-240 |
| 15 years | $2,246 |
| 17 years | $4,732 |
| 19 years | $7,218 |
| 21 years | $9,704 |
| 23 years | $12,190 |
| 25 years | $14,676 |
Top Solar Installers in Shrewsbury
When making the switch to solar, many homeowners choose to go with a solar installer since installing solar panels yourself can be a challenging project. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can take advantage of and by offering warranties and repairs.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 Shrewsbury
Factors that Affect Solar Panel Costs in Shrewsbury
The cost of installing a solar system in Shrewsbury can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar system in Shrewsbury, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $3,550 for each additional kilowatt you need.The kind of solar equipment you choose can bring your price up or down 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 over time on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Shrewsbury average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Shrewsbury, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Shrewsbury, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Companies that 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 with an above-average cost. It’s best to do some research and decide on the company that offers the products, warranties and services you want and also is 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 | $3.69 | $15,506 | $9,174 | 15.7 years |
| 8 kW | $3.62 | $20,278 | $12,630 | 15.4 years |
| 10 kW | $3.55 | $24,850 | $16,284 | 15.1 years |
| 12 kW | $3.48 | $29,224 | $20,137 | 14.8 years |
| 14 kW | $3.41 | $33,398 | $24,189 | 14.5 years |
| 16 kW | $3.34 | $37,374 | $28,440 | 14.2 years |
| 18 kW | $3.27 | $41,152 | $32,889 | 13.9 years |
| 20 kW | $3.19 | $44,730 | $37,538 | 13.6 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. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
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 Shrewsbury, PA Solar Cost FAQs
What is the average cost of installing solar panels in Shrewsbury?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Shrewsbury?
Leasing solar panels can be an attractive 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 way to go if you want to get the most savings.
Can you sell solar power back to the grid in Shrewsbury?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
How long do solar panels last in Shrewsbury?
On average, the lifespan of solar panels is 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 higher 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.