Solar Panel Cost Guide in West Goshen, PA (Mar 2023)
- West Goshen Solar Installation Cost: $11,674
- 25-Year Savings: $14,972
- Payback Period: 10.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in West Goshen
Find out what the average cost of solar panels are in West Goshen.
The average cost of a solar system in West Goshen is 2.55 per watt. Using this figure, a typical 6.5-kW system would cost about $11,674 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of West Goshen homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $15,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar installer in West Goshen that can help you get a more accurate cost estimate for your home.
Solar savings over time in West Goshen
| Year | Return on Investment |
|---|---|
| 1 years | $-10,608 |
| 3 years | $-8,476 |
| 5 years | $-6,345 |
| 7 years | $-4,213 |
| 9 years | $-2,082 |
| 11 years | $50 |
| 13 years | $2,182 |
| 15 years | $4,313 |
| 17 years | $6,445 |
| 19 years | $8,577 |
| 21 years | $10,708 |
| 23 years | $12,840 |
| 25 years | $14,972 |
Top Solar Installers in West Goshen
Although it's possible to install solar panels by yourself, it takes extra time and handiness. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. A solar company can also help save you money over time by providing warranties, repairs and system component replacements.
If you'd like to make the switch to solar 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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in West Goshen
Factors that Affect Solar Panel Costs in West Goshen
For many West Goshen homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in West Goshen, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
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, you can expect your total to increase by nearly $2,550. There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient 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 far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular choice because they lower your upfront costs and allow you to pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in West Goshen, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $13,316 | 11.4 years |
| 8 kW | $2.60 | $14,566 | $18,041 | 11.2 years |
| 10 kW | $2.55 | $17,850 | $22,908 | 10.9 years |
| 12 kW | $2.50 | $20,992 | $27,918 | 10.7 years |
| 14 kW | $2.45 | $23,990 | $33,070 | 10.5 years |
| 16 kW | $2.40 | $26,846 | $38,366 | 10.3 years |
| 18 kW | $2.35 | $29,560 | $43,804 | 10.1 years |
| 20 kW | $2.29 | $32,130 | $49,385 | 9.9 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's West Goshen, PA Solar Cost FAQs
What is the average cost of installing solar panels in West Goshen?
This is a difficult 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in West Goshen?
A solar panel system isn't free in West Goshen, 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.
How will having solar panels impact my property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in West Goshen is currently $402,938, so you could be looking at a value of about $16,520 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in West Goshen is a fruitful investment.
How many solar panels do I need to power 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 generally produce about 250 to 400 watt-hours per hour, the average home 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.