Solar Panel Cost Guide in Springettsbury, PA (2023 Update)
- Springettsbury Solar Installation Cost: $11,781
- 25-Year Savings: $14,487
- Payback Period: 11.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Springettsbury
Find out what the average cost of a solar system is in Springettsbury.
In Springettsbury, solar panels cost about 2.55 per watt on average. To account for the typical energy usage of the average home in Springettsbury, most homeowners require a 6.6-kilowatt system. Using the figure above, a solar installation costs about $11,781, or $16,847 before the federal solar tax credit of 30% is applied.
These figures are only averages, and the cost of going solar for you may look different based on your specific situation and what company you want to go with. Many homeowners find going solar is a solid investment. The average homeowner in Springettsbury can save around $15,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar company in Springettsbury for a personalized estimate.
Solar savings over time in Springettsbury
| Year | Return on Investment |
|---|---|
| 1 years | $-10,730 |
| 3 years | $-8,629 |
| 5 years | $-6,527 |
| 7 years | $-4,426 |
| 9 years | $-2,325 |
| 11 years | $-223 |
| 13 years | $1,878 |
| 15 years | $3,980 |
| 17 years | $6,081 |
| 19 years | $8,183 |
| 21 years | $10,284 |
| 23 years | $12,386 |
| 25 years | $14,487 |
Top Solar Installers in Springettsbury
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with a solar panel installer can make your swap to solar power much easier. The expertise that solar companies offer can be invaluable as well, especially if you aren't sure what kind of solar equipment would be right for your home.
If you're on the hunt for a solar installer in Springettsbury, the EcoWatch team has compiled a list of our top suggestions here:
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 Springettsbury
Factors that Affect Solar Panel Costs in Springettsbury
The cost of installing a solar system in Springettsbury can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,550. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Springettsbury, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Springettsbury to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. However, the interest on solar loans also increases your overall costs, so it's important to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Springettsbury, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Springettsbury have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $12,745 | 11.7 years |
| 8 kW | $2.60 | $14,566 | $17,280 | 11.4 years |
| 10 kW | $2.55 | $17,850 | $21,956 | 11.2 years |
| 12 kW | $2.50 | $20,992 | $26,776 | 11.0 years |
| 14 kW | $2.45 | $23,990 | $31,739 | 10.8 years |
| 16 kW | $2.40 | $26,846 | $36,844 | 10.5 years |
| 18 kW | $2.35 | $29,560 | $42,092 | 10.3 years |
| 20 kW | $2.29 | $32,130 | $47,483 | 10.1 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. Since choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: If you're worried about the durability of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two 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.
- Solar Panel Brands: Not all solar companies 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 choose.
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 Springettsbury, PA Solar Cost FAQs
How much does it cost to install solar panels in Springettsbury?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Springettsbury?
Leasing solar panels can be an appealing choice, as it often 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 solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $796.13 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.