Solar Panel Cost Guide in Warwick, PA (2024 Update)
- Warwick Solar Installation Cost: $16,331
- 25-Year Savings: $16,026
- Payback Period: 16.5 Years
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Average Cost of Solar Panels in Warwick
Find out how much it might cost to go solar in Warwick.
In Warwick, solar panels cost about 4 per watt on average.Using this figure, a typical 6.6-kW system would cost about $16,331 before the 0 federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you may vary based on your energy needs and what company you want to go with.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 $14,000 over 20 years on power bills.
Click the button below to get connected to a top solar company in your area for a customized quote.
Solar savings over time in Warwick
| Year | Return on Investment |
|---|---|
| 1 years | $-15,037 |
| 3 years | $-12,449 |
| 5 years | $-9,860 |
| 7 years | $-7,271 |
| 9 years | $-4,683 |
| 11 years | $-2,094 |
| 13 years | $494 |
| 15 years | $3,083 |
| 17 years | $5,671 |
| 19 years | $8,260 |
| 21 years | $10,849 |
| 23 years | $13,437 |
| 25 years | $16,026 |
Top Solar Installers in Warwick
Many homeowners opt for a solar installer since trying to put up solar panels by yourself can be a lot of work. The expertise that solar installers offer can be invaluable as well, especially if you aren’t sure what kind of solar equipment you need.
If you’d like to switch to solar energy but still aren’t sure which solar panel company to go with, here are our suggestions for providers near you:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Warwick
Factors that Affect Solar Panel Costs in Warwick
While the average cost of a solar system in Warwick is $16,331, your final cost may differ. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,550.There are several different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you want to install 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 out of pocket is out of reach, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Warwick, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $7,080 | 17.2 years |
| 8 kW | $3.62 | $20,278 | $9,837 | 16.8 years |
| 10 kW | $3.55 | $24,850 | $12,794 | 16.5 years |
| 12 kW | $3.48 | $29,224 | $15,949 | 16.2 years |
| 14 kW | $3.41 | $33,398 | $19,303 | 15.8 years |
| 16 kW | $3.34 | $37,374 | $22,855 | 15.5 years |
| 18 kW | $3.27 | $41,152 | $26,607 | 15.2 years |
| 20 kW | $3.19 | $44,730 | $30,557 | 14.9 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 decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The type of solar panel you’d like plays a part in which installer you should opt for, since different companies have access to different panels.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one mark of a good company.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Warwick, PA Solar Cost FAQs
How much does it cost to install solar panels in Warwick?
This is a difficult question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Warwick, 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.
How long do solar panels last in Warwick?
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.