Solar Panel Cost Guide in Wallace, PA (2024 Update)
- Wallace Solar Installation Cost: $16,246
- 25-Year Savings: $13,833
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Wallace
See how much it might cost to go solar in Wallace.
The average cost of a solar system in Wallace is 4 per watt.The average solar panel system size in Wallace is around 6.5 kilowatts, meaning a cost of about $16,246 for a solar installation, or $23,232 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy needs, the type of solar panels you want, your solar contractor and more.But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $15,000 over 20 years on energy bills.
Click the button below to get connected to a top solar installer in Wallace for a customized quote.
Solar savings over time in Wallace
| Year | Return on Investment |
|---|---|
| 1 years | $-14,951 |
| 3 years | $-12,363 |
| 5 years | $-9,774 |
| 7 years | $-7,186 |
| 9 years | $-4,597 |
| 11 years | $-2,009 |
| 13 years | $580 |
| 15 years | $3,169 |
| 17 years | $5,757 |
| 19 years | $8,346 |
| 21 years | $10,934 |
| 23 years | $13,523 |
| 25 years | $16,111 |
Top Solar Installers in Wallace
Many homeowners opt for a solar panel company since installing solar panels on your own can be time-consuming. Another great thing about going with a reliable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Wallace
Factors that Affect Solar Panel Costs in Wallace
There are many criteria that can determine 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
The size of the solar system you need for your home, 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 nearly $3,550. The kind of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Wallace offer solar loans, which reduce the initial cost of installing a solar system.Although solar loans make going solar more accessible for Wallace homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you get to install your solar system can impact the cost. Wallace’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk 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 | $3.69 | $15,506 | $7,899 | 16.6 years |
| 8 kW | $3.62 | $20,278 | $10,929 | 16.2 years |
| 10 kW | $3.55 | $24,850 | $14,159 | 15.9 years |
| 12 kW | $3.48 | $29,224 | $17,587 | 15.6 years |
| 14 kW | $3.41 | $33,398 | $21,214 | 15.3 years |
| 16 kW | $3.34 | $37,374 | $25,039 | 15.0 years |
| 18 kW | $3.27 | $41,152 | $29,064 | 14.7 years |
| 20 kW | $3.19 | $44,730 | $33,287 | 14.3 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 decide on the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- 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 hire.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives 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 Wallace, PA Solar Cost FAQs
What is the average cost of installing solar panels in Wallace?
This is a hard question to answer exactly, 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. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Wallace?
Solar panels aren’t free in Wallace, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase the value of your home?
Solar panels can increase your home value remarkably 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."
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 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 household 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.