Solar Panel Cost Guide in Throop, PA (2023 Update)
- Throop Solar Installation Cost: $12,370
- 25-Year Savings: $11,941
- Payback Period: 12.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Throop
Here's how much it might cost to make the switch to solar in Throop.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Throop, the average cost of a solar system is 2.55 per watt. To account for the typical energy usage of the average home in Throop, most homeowners require a 6.9-kilowatt system. Using the figure above, a solar installation costs about $12,370, or $17,689 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Throop homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Even with the high upfront cost, the average Throop homeowner can save around $13,000 on their energy bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Throop
| Year | Return on Investment |
|---|---|
| 1 years | $-11,024 |
| 3 years | $-8,333 |
| 5 years | $-5,642 |
| 7 years | $-2,951 |
| 9 years | $-259 |
| 11 years | $2,432 |
| 13 years | $5,123 |
| 15 years | $7,814 |
| 17 years | $10,505 |
| 19 years | $13,197 |
| 21 years | $15,888 |
| 23 years | $18,579 |
| 25 years | $21,270 |
Top Solar Installers in Throop
When switching to solar energy, many homeowners opt to go with a solar installation company since DIY solar panel installation can be a challenging project. The expertise that solar companies provide can be valuable as well, especially if you aren't sure what type of solar equipment you need.
If you'd like to make the switch to solar but still aren't sure which solar installer to go with, here are our suggestions for providers in Throop:
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 Throop
Factors that Affect Solar Panel Costs in Throop
There are a number of criteria that can determine your solar system 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
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $2,550 per kilowatt in Throop. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Throop, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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 Throop to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. However, the interest on solar loans also adds to your all-in costs, so it's crucial to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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
The solar company you choose will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- 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 big role in the company you opt for.
- 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.
- Reputation: Long-standing 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 adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Throop, PA Solar Cost FAQs
What is the average cost of installing solar panels in Throop?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally 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 above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce 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 $701.63 per year.
How many solar panels should I get 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 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.