Solar Panel Cost Guide in South Franklin, PA (2023 Update)
- South Franklin Solar Installation Cost: $12,316
- 25-Year Savings: $8,727
- Payback Period: 14.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in South Franklin
We break down average solar pricing in South Franklin.
Although the national average of solar panels is $2.66 per watt, solar panels in South Franklin typically cost about 2.55. The average South Franklin homeowner needs a 6.9-kilowatt system, which would cost about $12,316 with the federal tax credit, or $17,612 before the 30% tax credit is applied.
These figures are just estimates, and your own solar costs will most likely differ based on factors unique to your home and what company you choose to go with. Despite the high upfront cost, the average South Franklin homeowner can save about $12,000 on their power bills over 20 years, which is one of the positives of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in South Franklin
| Year | Return on Investment |
|---|---|
| 1 years | $-11,475 |
| 3 years | $-9,791 |
| 5 years | $-8,108 |
| 7 years | $-6,424 |
| 9 years | $-4,741 |
| 11 years | $-3,057 |
| 13 years | $-1,374 |
| 15 years | $310 |
| 17 years | $1,993 |
| 19 years | $3,677 |
| 21 years | $5,360 |
| 23 years | $7,044 |
| 25 years | $8,727 |
Top Solar Installers in South Franklin
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Going with an installer can make your swap to solar power much easier. The expertise that solar companies provide can be helpful as well, especially if you aren't sure what brand of solar equipment you need.
If you'd like to start using solar energy but still aren't sure which solar panel installer 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 South Franklin
Factors that Affect Solar Panel Costs in South Franklin
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in South Franklin: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar 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 gauge the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in South Franklin, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies operating throughout South Franklin, and each can charge varying amounts for labor and equipment. Additionally, some companies in South Franklin know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $2.65 | $11,138 | $7,154 | 15.2 years |
| 8 kW | $2.60 | $14,566 | $9,824 | 14.9 years |
| 10 kW | $2.55 | $17,850 | $12,638 | 14.6 years |
| 12 kW | $2.50 | $20,992 | $15,594 | 14.3 years |
| 14 kW | $2.45 | $23,990 | $18,692 | 14.1 years |
| 16 kW | $2.40 | $26,846 | $21,934 | 13.8 years |
| 18 kW | $2.35 | $29,560 | $25,318 | 13.5 years |
| 20 kW | $2.29 | $32,130 | $28,845 | 13.2 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 picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Installation Process: Make sure you're on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
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 South Franklin, PA Solar Cost FAQs
What is the average cost of installing solar panels in South Franklin?
The average cost of solar panels in South Franklin is about $12,750 for a 5-kW system and $25,500 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 thing to consider when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
Even 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 their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.