Solar Panel Cost Guide in Treasure Lake, PA (2025 Update)
- Treasure Lake Solar Installation Cost: $17,543
- 25-Year Savings: $15,998
- Payback Period: 15.3 Years
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Average Cost of Solar Panels in Treasure Lake
We break down average solar pricing in Treasure Lake.
While the national average of solar panels is $2.66 per watt, solar panels in Treasure Lake generally cost around 4.The average solar panel system size in Treasure Lake is around 7.1 kilowatts, meaning a cost of about $17,543 for a solar installation, or $25,086 before the 0 federal solar tax credit is applied.
The true price you pay can be above or below the average in Treasure Lake based on several factors, such as the brand of solar panels you choose and the solar contractor you hire.But, after you've paid the initial cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $15,000 over 20 years on energy bills.
To get a free quote from a vetted solar installer in Treasure Lake, you can click the button below.
Solar savings over time in Treasure Lake
Year | Return on Investment |
---|---|
1 years | $-16,066 |
3 years | $-13,111 |
5 years | $-10,156 |
7 years | $-7,201 |
9 years | $-4,246 |
11 years | $-1,291 |
13 years | $1,664 |
15 years | $4,619 |
17 years | $7,574 |
19 years | $10,529 |
21 years | $13,484 |
23 years | $16,439 |
25 years | $19,394 |
Top Solar Installers in Treasure Lake
Although it's possible to install solar panels on your own, it involves extra labor and handiness. That's one of the reasons almost all homeowners choose a solar panel installer. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you’d like to go solar but still aren’t sure which solar company to go with, here are our recommendations for providers nearby:
See all of the solar companies in Treasure Lake
Factors that Affect Solar Panel Costs in Treasure Lake
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Treasure Lake: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,550. There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can play a part in determining your pricing. Treasure Lake’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $8,800 | 15.9 years |
8 kW | $3.62 | $20,278 | $12,131 | 15.6 years |
10 kW | $3.55 | $24,850 | $15,661 | 15.3 years |
12 kW | $3.48 | $29,224 | $19,389 | 15.0 years |
14 kW | $3.41 | $33,398 | $23,316 | 14.7 years |
16 kW | $3.34 | $37,374 | $27,442 | 14.4 years |
18 kW | $3.27 | $41,152 | $31,767 | 14.1 years |
20 kW | $3.19 | $44,730 | $36,291 | 13.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: Though reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
EcoWatch's Treasure Lake, PA Solar Cost FAQs
How much does it cost to install solar panels in Treasure Lake?
This is a difficult question to answer precisely, because the cost depends on a few different 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. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Treasure Lake?
Leasing solar panels can be an option if you are unable to 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 property 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.
Is it worth going solar in Treasure Lake?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.