Solar Panel Cost Guide in Sinking Spring, PA (2024 Update)
- Sinking Spring Solar Installation Cost: $16,528
- 25-Year Savings: $13,082
- Payback Period: 16.6 Years
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Average Cost of Solar Panels in Sinking Spring
We go over average solar pricing in Sinking Spring.
The average cost of solar panels in Sinking Spring is 4 per watt.Using this figure, a typical 6.7-kW system would cost about $16,528 before the 0 federal solar tax credit is applied.
The actual price you pay can go above or below the average in Sinking Spring depending on a few factors, such as the model of solar panels you choose and the solar contractor you hire.Even with the large initial cost, the average Sinking Spring homeowner can save about $14,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a vetted solar company in Sinking Spring, you can click the button below.
Solar savings over time in Sinking Spring
| Year | Return on Investment |
|---|---|
| 1 years | $-15,285 |
| 3 years | $-12,799 |
| 5 years | $-10,313 |
| 7 years | $-7,827 |
| 9 years | $-5,341 |
| 11 years | $-2,855 |
| 13 years | $-369 |
| 15 years | $2,117 |
| 17 years | $4,603 |
| 19 years | $7,089 |
| 21 years | $9,575 |
| 23 years | $12,061 |
| 25 years | $14,547 |
Top Solar Installers in Sinking Spring
Many homeowners opt for a solar panel installer since trying to put up solar panels by yourself can be a lot of work. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over time.
If you’d like to switch to solar energy but still aren’t certain which solar system installer to go with, here are our recommendations for providers in Sinking Spring:
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
See all of the solar companies in Sinking Spring
Factors that Affect Solar Panel Costs in Sinking Spring
There are many criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater 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
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Sinking Spring homeowners opt to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Sinking Spring have more knowledge about local solar incentives and can help you learn about 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 | $3.69 | $15,506 | $7,005 | 17.2 years |
| 8 kW | $3.62 | $20,278 | $9,737 | 16.9 years |
| 10 kW | $3.55 | $24,850 | $12,669 | 16.6 years |
| 12 kW | $3.48 | $29,224 | $15,799 | 16.2 years |
| 14 kW | $3.41 | $33,398 | $19,128 | 15.9 years |
| 16 kW | $3.34 | $37,374 | $22,656 | 15.6 years |
| 18 kW | $3.27 | $41,152 | $26,382 | 15.2 years |
| 20 kW | $3.19 | $44,730 | $30,308 | 14.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose significantly affects your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: The type of solar panel you need to get plays a role in which company you should choose, since different companies have access to different panels.
- Installation Process: When making the switch to solar energy, it’s crucial to keep an open line of communication with your solar company. See to it that you understand how the installation process will go 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
EcoWatch's Sinking Spring, PA Solar Cost FAQs
How much does it cost to install solar panels in Sinking Spring?
The average cost of solar panels in Sinking Spring is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.