Solar Panel Cost Guide in Wallace, PA (2023 Update)
- Wallace Solar Installation Cost: $11,674
- 25-Year Savings: $13,828
- Payback Period: 11.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wallace
See how much it might cost to install solar panels in Wallace.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wallace, the average cost of solar panels is 2.55 per watt. The average Wallace homeowner needs a 6.5-kilowatt system, which would cost about $11,674 with the federal tax credit, or $16,694 before the 30% tax credit is applied.
The true cost of your system can go above or below the average in Wallace depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire. Despite the significant upfront cost, the average Wallace homeowner can save around $15,000 on their power bills over 20 years, which is one of the advantages of solar.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Wallace
| Year | Return on Investment |
|---|---|
| 1 years | $-10,654 |
| 3 years | $-8,614 |
| 5 years | $-6,573 |
| 7 years | $-4,533 |
| 9 years | $-2,493 |
| 11 years | $-453 |
| 13 years | $1,587 |
| 15 years | $3,627 |
| 17 years | $5,667 |
| 19 years | $7,708 |
| 21 years | $9,748 |
| 23 years | $11,788 |
| 25 years | $13,828 |
Top Solar Installers in Wallace
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make your swap to solar power much easier. Plus, if you're not certain what kind of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Wallace
Factors that Affect Solar Panel Costs in Wallace
Even though the average cost of a solar system in Wallace is $11,674, your final cost may differ. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Wallace average.
Solar Financing Terms
Most solar companies in Wallace offer solar loans, which reduce the initial cost of installing solar panels. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Wallace, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Companies that only sell high-efficiency and high-priced products — 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 decide on the company that provides the products, warranties and services you're looking for 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 | $2.65 | $11,138 | $12,267 | 11.9 years |
| 8 kW | $2.60 | $14,566 | $16,641 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $21,159 | 11.4 years |
| 12 kW | $2.50 | $20,992 | $25,819 | 11.2 years |
| 14 kW | $2.45 | $23,990 | $30,622 | 11.0 years |
| 16 kW | $2.40 | $26,846 | $35,567 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,656 | 10.5 years |
| 20 kW | $2.29 | $32,130 | $45,887 | 10.3 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 brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify 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 stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Wallace, PA Solar Cost FAQs
What is the average cost of installing solar panels in Wallace?
This is a tough question to answer exactly, because the cost depends on a variety of 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 be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Wallace?
A solar panel system isn't free in Wallace, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels completely eradicate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Wallace, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.