Solar Panel Cost Guide in Warwick, PA (2023 Update)
- Warwick Solar Installation Cost: $11,731
- 25-Year Savings: $13,009
- Payback Period: 11.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Warwick
Find out what the average cost of a solar system is in Warwick.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Warwick, the average cost of solar panels is 2.55 per watt. The average Warwick homeowner needs a 6.6-kilowatt system, which would cost about $11,727 with the federal tax credit, or $16,770 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what installation company you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $14,000 over 20 years on utility bills.
Click the button below to get connected to a highly rated solar panel company in Warwick for a customized quote.
Solar savings over time in Warwick
| Year | Return on Investment |
|---|---|
| 1 years | $-10,437 |
| 3 years | $-7,848 |
| 5 years | $-5,260 |
| 7 years | $-2,671 |
| 9 years | $-82 |
| 11 years | $2,506 |
| 13 years | $5,095 |
| 15 years | $7,683 |
| 17 years | $10,272 |
| 19 years | $12,860 |
| 21 years | $15,449 |
| 23 years | $18,038 |
| 25 years | $20,626 |
Top Solar Installers in Warwick
Trying to put up solar panels by yourself can be a difficult task, which is why getting a solar installation company is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you decide which one will be best for your family.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 Warwick
Factors that Affect Solar Panel Costs in Warwick
For many Warwick homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Warwick, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. The model of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions 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 searching for a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. Even though solar loans make switching to solar energy more accessible for Warwick homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Warwick is the company you choose to install your PV system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets. Some companies 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 with an above-average cost. It's best to do some research and choose a company that offers the products, warranties and services you're looking for and also fit into 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 | $11,448 | 12.3 years |
| 8 kW | $2.60 | $14,566 | $15,549 | 12.1 years |
| 10 kW | $2.55 | $17,850 | $19,794 | 11.9 years |
| 12 kW | $2.50 | $20,992 | $24,181 | 11.6 years |
| 14 kW | $2.45 | $23,990 | $28,711 | 11.4 years |
| 16 kW | $2.40 | $26,846 | $33,383 | 11.1 years |
| 18 kW | $2.35 | $29,560 | $38,199 | 10.9 years |
| 20 kW | $2.29 | $32,130 | $43,157 | 10.7 years |
How to Save on Solar Panels
There are many companies to choose from in Warwick, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- 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 likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The type of solar panel you need plays a role in which installer you should opt for, since different companies offer different panels.
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Warwick, PA Solar Cost FAQs
How much does it cost to install solar panels in Warwick?
The average cost of solar panels in Warwick is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Warwick?
Solar panels aren't free in Warwick, 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.
Does Warwick have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can 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.
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.