Solar Panel Cost Guide in Titusville, PA (2023 Update)
- Titusville Solar Installation Cost: $12,674
- 25-Year Savings: $18,915
- Payback Period: 10.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Titusville
Let's have a look at the average cost of solar panels in Titusville.
The national average cost of solar panels is $2.66 per watt, but in Titusville it's 2.55 per watt. The average Titusville homeowner needs a 7.1-kilowatt system, which would cost about $12,674 with the federal tax credit, or $18,124 before the 30% tax credit is applied.
These figures are just averages, and your own solar costs may vary based on the amount of energy your home requires and what company you want to go with. With typical savings of about $17,000 on energy bills over 20 years, many homeowners in Titusville find going solar has a decent ROI.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Titusville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,410 |
| 3 years | $-8,883 |
| 5 years | $-6,356 |
| 7 years | $-3,829 |
| 9 years | $-1,302 |
| 11 years | $1,225 |
| 13 years | $3,752 |
| 15 years | $6,279 |
| 17 years | $8,807 |
| 19 years | $11,334 |
| 21 years | $13,861 |
| 23 years | $16,388 |
| 25 years | $18,915 |
Top Solar Installers in Titusville
When switching to solar energy, many homeowners prefer to use a solar installer since installing a solar system yourself can be a time-consuming project. Some solar companies, particularly local ones, can help you better understand incentives in Titusville, thereby optimizing your ROI.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
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 Titusville
Factors that Affect Solar Panel Costs in Titusville
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Titusville: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,550. There are several different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Titusville to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you select will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. You may see 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 | $15,566 | 10.4 years |
| 8 kW | $2.60 | $14,566 | $21,041 | 10.2 years |
| 10 kW | $2.55 | $17,850 | $26,658 | 10.0 years |
| 12 kW | $2.50 | $20,992 | $32,418 | 9.8 years |
| 14 kW | $2.45 | $23,990 | $38,321 | 9.6 years |
| 16 kW | $2.40 | $26,846 | $44,367 | 9.4 years |
| 18 kW | $2.35 | $29,560 | $50,555 | 9.2 years |
| 20 kW | $2.29 | $32,130 | $56,886 | 9.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Reputation: Make sure your solar panel 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.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Warranty: If you care about the endurance of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
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 Titusville, PA Solar Cost FAQs
How much does it cost to install solar panels in Titusville?
This is a tough question to answer exactly, because the cost depends on a few different 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. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely 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 your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Titusville is currently $85,500, which means you can expect a value of about $3,506 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Titusville is a fruitful investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses 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.