Solar Panel Cost Guide in Towamensing, PA (2024 Update)
- Towamensing Solar Installation Cost: $16,942
- 25-Year Savings: $12,784
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Towamensing
We go over average solar pricing in Towamensing.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Towamensing, the typical cost of solar panels is 4 per watt.The average Towamensing homeowner needs a 6.8-kilowatt system, which would cost about $16,942 with the federal tax credit, or $24,227 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Towamensing 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.But, once you've paid the initial cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $14,000 over 20 years on utility bills.
Click the button below to get connected to a vetted solar panel company in Towamensing for a personalized estimate.
Solar savings over time in Towamensing
| Year | Return on Investment |
|---|---|
| 1 years | $-15,673 |
| 3 years | $-13,136 |
| 5 years | $-10,599 |
| 7 years | $-8,062 |
| 9 years | $-5,524 |
| 11 years | $-2,987 |
| 13 years | $-450 |
| 15 years | $2,087 |
| 17 years | $4,625 |
| 19 years | $7,162 |
| 21 years | $9,699 |
| 23 years | $12,236 |
| 25 years | $14,774 |
Top Solar Installers in Towamensing
When switching to solar energy, many homeowners opt to hire a solar company since handling can be a challenging project. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over time.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Towamensing
Factors that Affect Solar Panel Costs in Towamensing
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Towamensing: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss 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 energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,550 per kilowatt in Towamensing.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Towamensing offer solar loans, which reduce your upfront costs of installing solar panels.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Towamensing, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — 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 find a company that offers the products, warranties and services you want and also fits within 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 | $6,454 | 17.7 years |
| 8 kW | $3.62 | $20,278 | $9,003 | 17.3 years |
| 10 kW | $3.55 | $24,850 | $11,751 | 17.0 years |
| 12 kW | $3.48 | $29,224 | $14,698 | 16.6 years |
| 14 kW | $3.41 | $33,398 | $17,843 | 16.3 years |
| 16 kW | $3.34 | $37,374 | $21,188 | 16.0 years |
| 18 kW | $3.27 | $41,152 | $24,731 | 15.6 years |
| 20 kW | $3.19 | $44,730 | $28,473 | 15.3 years |
How to Save on Solar Panels
The solar company you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Reputation: Companies that have been operating for many years likely have a solid 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 support, such as part repairs and replacements.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Contract: Before signing a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Towamensing, PA Solar Cost FAQs
What is the average cost of installing solar panels in Towamensing?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. You can expect to pay 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.
Is it better to lease or buy solar panels in Towamensing?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know 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.