Solar Panel Cost Guide in Snyder, PA (2023 Update)
- Snyder Solar Installation Cost: $12,334
- 25-Year Savings: $15,210
- Payback Period: 11.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Snyder
We break down average solar pricing in Snyder.
In Snyder, solar panels cost about 2.55 per watt on average. The average Snyder homeowner needs a 6.9-kilowatt system, which would cost about $12,334 with the federal tax credit, or $17,638 before the 30% tax credit is applied.
These figures are only estimates, and your own solar costs may differ based on your energy needs and what company you choose to go with. With typical savings of about $15,000 on energy bills over 20 years, many homeowners in Snyder find investing in solar can pay off big.
To get a free estimate from a pre-vetted solar company in Snyder, you can click the button below.
Solar savings over time in Snyder
| Year | Return on Investment |
|---|---|
| 1 years | $-11,233 |
| 3 years | $-9,029 |
| 5 years | $-6,825 |
| 7 years | $-4,622 |
| 9 years | $-2,418 |
| 11 years | $-215 |
| 13 years | $1,989 |
| 15 years | $4,192 |
| 17 years | $6,396 |
| 19 years | $8,599 |
| 21 years | $10,803 |
| 23 years | $13,007 |
| 25 years | $15,210 |
Top Solar Installers in Snyder
Many homeowners choose to use a solar installer since installing solar panels yourself can be a lot of work. Plus, if you're not certain what type of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you'd like to switch to solar energy but still aren't sure which solar system company to go with, here are our suggestions 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
See all of the solar companies in Snyder
Factors that Affect Solar Panel Costs in Snyder
There are several criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Snyder, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $2,550 for each additional kilowatt you need. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Snyder to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. It's a good idea to include 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 off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Snyder is the company you hire to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and go with the company that has the products, warranties and services you're looking for and also fit into 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 | $2.65 | $11,138 | $12,764 | 11.6 years |
| 8 kW | $2.60 | $14,566 | $17,305 | 11.4 years |
| 10 kW | $2.55 | $17,850 | $21,988 | 11.2 years |
| 12 kW | $2.50 | $20,992 | $26,814 | 11.0 years |
| 14 kW | $2.45 | $23,990 | $31,782 | 10.8 years |
| 16 kW | $2.40 | $26,846 | $36,894 | 10.5 years |
| 18 kW | $2.35 | $29,560 | $42,148 | 10.3 years |
| 20 kW | $2.29 | $32,130 | $47,545 | 10.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
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 Snyder, PA Solar Cost FAQs
How much does it cost to install solar panels in Snyder?
The average cost of solar panels in Snyder is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff 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 thing to consider when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property's value 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."
How long do solar panels last in Snyder?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.