Solar Panel Cost Guide in Slippery Rock, PA (2024 Update)
- Slippery Rock Solar Installation Cost: $17,361
- 25-Year Savings: $12,463
- Payback Period: 17.4 Years
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Average Cost of Solar Panels in Slippery Rock
Let’s take a look at the average cost of solar in Slippery Rock.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Slippery Rock, the average cost of solar panels is 4 per watt.To account for the typical energy usage of the average home in Slippery Rock, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,361, or $24,826 before the federal solar tax credit of 0 is applied.
The true price you pay can go higher or lower than the average in Slippery Rock depending on a few factors, such as the type of solar panels you choose and the solar company you hire.But, once you've paid the initial cost of installation, the payback for most homeowners is usually good, with a net average savings of about $14,000 over 20 years on power bills.
Click the button below to get connected to a top solar panel company in your area for a customized quote.
Solar savings over time in Slippery Rock
| Year | Return on Investment |
|---|---|
| 1 years | $-16,058 |
| 3 years | $-13,452 |
| 5 years | $-10,846 |
| 7 years | $-8,241 |
| 9 years | $-5,635 |
| 11 years | $-3,029 |
| 13 years | $-423 |
| 15 years | $2,182 |
| 17 years | $4,788 |
| 19 years | $7,394 |
| 21 years | $10,000 |
| 23 years | $12,605 |
| 25 years | $15,211 |
Top Solar Installers in Slippery Rock
Many homeowners decide to use a solar panel company since trying to install solar panels by yourself can be challenging. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you’d like to start using solar energy but still aren’t certain which solar panel company to go with, here are our recommendations for providers 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
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 Slippery Rock
Factors that Affect Solar Panel Costs in Slippery Rock
There are a number of factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,550.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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 in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Slippery Rock average.
Solar Financing Terms
Many homeowners find the average cost of solar in Slippery Rock to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time because of interest.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you select will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $5,907 | 18.1 years |
| 8 kW | $3.62 | $20,278 | $8,274 | 17.8 years |
| 10 kW | $3.55 | $24,850 | $10,840 | 17.4 years |
| 12 kW | $3.48 | $29,224 | $13,604 | 17.1 years |
| 14 kW | $3.41 | $33,398 | $16,567 | 16.7 years |
| 16 kW | $3.34 | $37,374 | $19,729 | 16.4 years |
| 18 kW | $3.27 | $41,152 | $23,090 | 16.0 years |
| 20 kW | $3.19 | $44,730 | $26,649 | 15.7 years |
How to Save on Solar Panels
The company that does your solar panel 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 tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Warranty: If you’re concerned about the longevity of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: An important thing to understand when adopting solar energy 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 secure and how long the project will take.
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 Slippery Rock, PA Solar Cost FAQs
How much does it cost to install solar panels in Slippery Rock?
This is a hard question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Slippery Rock?
You can’t get solar panels for free in Slippery Rock. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $713.79 per year.
How long do solar panels last in Slippery Rock?
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 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.