Solar Panel Cost Guide in Thompsonville, PA (2024 Update)
- Thompsonville Solar Installation Cost: $17,152
- 25-Year Savings: $8,723
- Payback Period: 20.4 Years
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Average Cost of Solar Panels in Thompsonville
Find out what the average cost of solar panel installation is in Thompsonville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Thompsonville, the average cost of solar panels is 4 per watt.The average solar panel system size in Thompsonville is around 6.9 kilowatts, meaning a cost of about $17,152 for a solar installation, or $24,527 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of making the switch to solar can vary depending on several factors, such as how many panels you need, your energy usage and what company you go with.Even with the significant upfront cost, the average Thompsonville homeowner can save around $12,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Thompsonville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,069 |
| 3 years | $-13,904 |
| 5 years | $-11,738 |
| 7 years | $-9,572 |
| 9 years | $-7,406 |
| 11 years | $-5,240 |
| 13 years | $-3,075 |
| 15 years | $-909 |
| 17 years | $1,257 |
| 19 years | $3,423 |
| 21 years | $5,589 |
| 23 years | $7,754 |
| 25 years | $9,920 |
Top Solar Installers in Thompsonville
Although you can install solar panels yourself, it requires extra time and knowledge. That's one of the reasons most people choose to hire a solar panel installer. Another advantage of going with a solar installer is that they can help you maximize your investment by cutting back on future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Thompsonville
Factors that Affect Solar Panel Costs in Thompsonville
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Thompsonville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $3,550 per kilowatt in Thompsonville.There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
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 Thompsonville homeowners choose to finance their solar panel systems to make paying for solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can play a part in determining how much you pay. Thompsonville’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that provides the products, warranties and services you want 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 | $3.69 | $15,506 | $2,786 | 21.2 years |
| 8 kW | $3.62 | $20,278 | $4,112 | 20.8 years |
| 10 kW | $3.55 | $24,850 | $5,638 | 20.4 years |
| 12 kW | $3.48 | $29,224 | $7,362 | 20.0 years |
| 14 kW | $3.41 | $33,398 | $9,284 | 19.6 years |
| 16 kW | $3.34 | $37,374 | $11,406 | 19.2 years |
| 18 kW | $3.27 | $41,152 | $13,726 | 18.7 years |
| 20 kW | $3.19 | $44,730 | $16,245 | 18.3 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The type of solar panel you want to get plays a part in which installer you should opt for, since different companies provide different panels.
- Warranty: If you’re worried about the longevity of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When reading 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.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Thompsonville, PA Solar Cost FAQs
What is the average cost of installing solar panels in Thompsonville?
This is a tough question to answer precisely, because the cost depends on a few different 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. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Thompsonville?
You can’t get solar panels for free in Thompsonville. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Thompsonville is currently $420,129, which means you can look forward to a value of about $17,225 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Thompsonville is a rewarding investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.