Solar Panel Cost Guide in Wayne, PA (2024 Update)
- Wayne Solar Installation Cost: $16,864
- 25-Year Savings: $12,626
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Wayne
See how much it might cost to make the switch to solar in Wayne.
While the national average of solar panels is $2.66 per watt, solar panels in Wayne typically cost around 4.Using this figure, a typical 6.8-kW system would cost about $16,864 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Wayne depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire.With average savings of about $14,000 on electricity bills over 20 years, many homeowners in Wayne find installing solar panels can be quite rewarding.
To receive a free estimate from a pre-vetted solar installation company in Wayne, you can click the button below.
Solar savings over time in Wayne
| Year | Return on Investment |
|---|---|
| 1 years | $-15,570 |
| 3 years | $-12,981 |
| 5 years | $-10,393 |
| 7 years | $-7,804 |
| 9 years | $-5,216 |
| 11 years | $-2,627 |
| 13 years | $-39 |
| 15 years | $2,550 |
| 17 years | $5,139 |
| 19 years | $7,727 |
| 21 years | $10,316 |
| 23 years | $12,904 |
| 25 years | $15,493 |
Top Solar Installers in Wayne
Many homeowners decide to hire a solar installation company since trying to put up solar panels on your own can be challenging. Some solar installers, particularly local ones, can help you make the most of incentives in Wayne, therefore optimizing your ROI.
Working with a licensed solar company can help you make the most of your investment in solar. 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Wayne
Factors that Affect Solar Panel Costs in Wayne
For many Wayne homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Wayne, 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
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,550 per kilowatt in Wayne.The brand of solar panels and equipment you choose is another factor that will greatly 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 decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Wayne have solar loans, which reduce the initial cost of installing a solar system.Though solar loans make switching to solar energy more accessible for Wayne 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
Lastly, the company you hire to install your solar panel system can influence how much it costs. Wayne’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $6,366 | 17.7 years |
| 8 kW | $3.62 | $20,278 | $8,886 | 17.4 years |
| 10 kW | $3.55 | $24,850 | $11,604 | 17.0 years |
| 12 kW | $3.48 | $29,224 | $14,521 | 16.7 years |
| 14 kW | $3.41 | $33,398 | $17,637 | 16.4 years |
| 16 kW | $3.34 | $37,374 | $20,952 | 16.0 years |
| 18 kW | $3.27 | $41,152 | $24,466 | 15.7 years |
| 20 kW | $3.19 | $44,730 | $28,178 | 15.3 years |
How to Save on Solar Panels
The solar company you choose will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- 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 most 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.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Wayne, PA Solar Cost FAQs
What is the average cost of installing solar panels in Wayne?
This is a tough question to answer precisely, 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 extra 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 opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
On average, solar panels can last 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 larger level 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.