Solar Panel Cost Guide in Throop, PA (Mar 2023)
- Throop Solar Installation Cost: $12,370
- 25-Year Savings: $11,941
- Payback Period: 12.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Throop
Find out what the average cost of solar panel installation is in Throop.
While the national average of solar panels is $2.66 per watt, solar panels in Throop generally cost about 2.55. The average solar panel system size in Throop is around 6.9 kilowatts, meaning a cost of about $12,370 for a solar installation, or $17,689 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Throop homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing a solar system is a sound investment. The average homeowner in Throop can save about $13,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Throop that can help you get a more accurate cost estimate for your home.
Solar savings over time in Throop
| Year | Return on Investment |
|---|---|
| 1 years | $-11,398 |
| 3 years | $-9,453 |
| 5 years | $-7,508 |
| 7 years | $-5,563 |
| 9 years | $-3,618 |
| 11 years | $-1,673 |
| 13 years | $272 |
| 15 years | $2,216 |
| 17 years | $4,161 |
| 19 years | $6,106 |
| 21 years | $8,051 |
| 23 years | $9,996 |
| 25 years | $11,941 |
Top Solar Installers in Throop
Installing solar panels by yourself can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you're on the hunt for a solar company in Throop, we've organized 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Throop
Factors that Affect Solar Panel Costs in Throop
While the average cost of a solar system in Throop is $12,370, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Throop, where sunlight isn't as 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Throop, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. Although solar loans make going solar more accessible for Throop homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Throop is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different price points. The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $9,910 | 13.2 years |
| 8 kW | $2.60 | $14,566 | $13,499 | 13.0 years |
| 10 kW | $2.55 | $17,850 | $17,231 | 12.7 years |
| 12 kW | $2.50 | $20,992 | $21,106 | 12.5 years |
| 14 kW | $2.45 | $23,990 | $25,123 | 12.2 years |
| 16 kW | $2.40 | $26,846 | $29,284 | 12.0 years |
| 18 kW | $2.35 | $29,560 | $33,587 | 11.7 years |
| 20 kW | $2.29 | $32,130 | $38,033 | 11.4 years |
How to Save on Solar Panels
There are a lot of companies available in Throop, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Review the contract terms closely to make sure you understand the total cost, project timeline incentives and warranties.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Throop, PA Solar Cost FAQs
What is the average cost of installing solar panels in Throop?
This is a hard question to answer exactly, because the cost depends on a variety of 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Throop?
You can't get solar panels for free in Throop. 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.
Is going solar worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.