Solar Panel Cost Guide in Towamensing, PA (2023 Update)
- Towamensing Solar Installation Cost: $12,174
- 25-Year Savings: $12,780
- Payback Period: 12.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Towamensing
See how much it might cost to switch to solar power in Towamensing.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Towamensing, the average cost of a solar system is 2.55 per watt. Since a 6.8-kW system is needed to cover the energy needs of a typical home in Towamensing, the average price of going solar will be about $12,174 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar system you want, your solar contractor and more. But, after you've paid the initial cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $14,000 over 20 years on utility bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Towamensing
| Year | Return on Investment |
|---|---|
| 1 years | $-11,176 |
| 3 years | $-9,179 |
| 5 years | $-7,183 |
| 7 years | $-5,187 |
| 9 years | $-3,190 |
| 11 years | $-1,194 |
| 13 years | $802 |
| 15 years | $2,799 |
| 17 years | $4,795 |
| 19 years | $6,791 |
| 21 years | $8,788 |
| 23 years | $10,784 |
| 25 years | $12,780 |
Top Solar Installers in Towamensing
When making the switch to solar, many homeowners decide to hire a solar company since handling can be a time-consuming project. Also, if you'd like to maximize your investment in solar power, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
If you'd like to make the switch to solar but still aren't sure which solar panel company to go with, here are our recommendations for providers in Towamensing:
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 Towamensing
Factors that Affect Solar Panel Costs in Towamensing
There are several factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Towamensing average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also increases your total costs, so it's crucial to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of sustainable energy solutions in Towamensing, you'll have many options to choose from, but each comes at various price points for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, 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 | $10,822 | 12.7 years |
| 8 kW | $2.60 | $14,566 | $14,715 | 12.4 years |
| 10 kW | $2.55 | $17,850 | $18,751 | 12.2 years |
| 12 kW | $2.50 | $20,992 | $22,930 | 11.9 years |
| 14 kW | $2.45 | $23,990 | $27,251 | 11.7 years |
| 16 kW | $2.40 | $26,846 | $31,716 | 11.5 years |
| 18 kW | $2.35 | $29,560 | $36,323 | 11.2 years |
| 20 kW | $2.29 | $32,130 | $41,073 | 11.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: When looking through 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: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which installer you should go with, since different companies offer different panels.
- Warranty: If you're worried about the endurance of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Towamensing, PA Solar Cost FAQs
What is the average cost of installing solar panels in Towamensing?
This is a difficult question to answer precisely, 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 extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Towamensing?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know 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.