Solar Panel Cost Guide in Upper Hanover, PA (2024 Update)
- Upper Hanover Solar Installation Cost: $16,365
- 25-Year Savings: $13,448
- Payback Period: 16.2 Years
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Average Cost of Solar Panels in Upper Hanover
Find out what the average cost of solar panels are in Upper Hanover.
The national average cost of solar panels is $2.66 per watt, but in Upper Hanover it’s 4 per watt.To cover the typical energy usage of the average home in Upper Hanover, most homeowners require a 6.6-kilowatt system. Using the figure above, a solar installation costs about $16,365, or $23,402 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy consumption and what company you go with.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $15,000 over 20 years on power bills.
Click the button below to get connected to a vetted solar panel company in Upper Hanover for a custom estimate.
Solar savings over time in Upper Hanover
| Year | Return on Investment |
|---|---|
| 1 years | $-15,101 |
| 3 years | $-12,574 |
| 5 years | $-10,047 |
| 7 years | $-7,520 |
| 9 years | $-4,993 |
| 11 years | $-2,466 |
| 13 years | $61 |
| 15 years | $2,588 |
| 17 years | $5,115 |
| 19 years | $7,642 |
| 21 years | $10,169 |
| 23 years | $12,696 |
| 25 years | $15,223 |
Top Solar Installers in Upper Hanover
Although it's possible to install solar panels by yourself, it takes extra time and expertise. Because of that, almost all homeowners choose a solar panel installer. Companies can also have access to various kinds of the best solar panels and help you pick which one will be right for your home.
There are a number of licensed solar professionals that can help you install your solar panels. 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 Upper Hanover
Factors that Affect Solar Panel Costs in Upper Hanover
There are several criteria that can influence your 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
The size of the solar energy system you need, 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 about $3,550. There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that have better efficiency tend to also be more expensive. Plus, 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
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in Upper Hanover, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your all-in costs, so it’s important to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can play a role in determining how much you pay. Upper Hanover’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically 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 extra 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 | $7,456 | 16.9 years |
| 8 kW | $3.62 | $20,278 | $10,339 | 16.6 years |
| 10 kW | $3.55 | $24,850 | $13,421 | 16.2 years |
| 12 kW | $3.48 | $29,224 | $16,702 | 15.9 years |
| 14 kW | $3.41 | $33,398 | $20,181 | 15.6 years |
| 16 kW | $3.34 | $37,374 | $23,860 | 15.3 years |
| 18 kW | $3.27 | $41,152 | $27,737 | 14.9 years |
| 20 kW | $3.19 | $44,730 | $31,812 | 14.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
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 Upper Hanover, PA Solar Cost FAQs
How much does it cost to install solar panels in Upper Hanover?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally 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 be more expensive if you want extra 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 expensive solar panels.
Are solar panels free in Upper Hanover?
You can’t get solar panels for free in Upper Hanover. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $765.42 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.