Solar Panel Cost Guide in Woodbourne, PA (2023 Update)
- Woodbourne Solar Installation Cost: $11,745
- 25-Year Savings: $14,900
- Payback Period: 11.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Woodbourne
We go over average solar pricing in Woodbourne.
Although the national average of solar panels is $2.66 per watt, solar panels in Woodbourne generally cost about 2.55. Using this figure, a typical 6.6-kW system would cost about $11,745 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will vary based on the amount of energy your home requires and what company you choose to go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Woodbourne can save around $15,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar company in Woodbourne that can help you get a more accurate cost estimate for your home.
Solar savings over time in Woodbourne
| Year | Return on Investment |
|---|---|
| 1 years | $-10,679 |
| 3 years | $-8,548 |
| 5 years | $-6,416 |
| 7 years | $-4,285 |
| 9 years | $-2,153 |
| 11 years | $-21 |
| 13 years | $2,110 |
| 15 years | $4,242 |
| 17 years | $6,374 |
| 19 years | $8,505 |
| 21 years | $10,637 |
| 23 years | $12,769 |
| 25 years | $14,900 |
Top Solar Installers in Woodbourne
Many homeowners opt for a solar installation company since trying to install solar panels by yourself can be time-consuming. The expertise that solar companies offer can be valuable as well, especially if you aren't sure what type of solar equipment you need.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Woodbourne
Factors that Affect Solar Panel Costs in Woodbourne
While the average cost of a solar system in Woodbourne is $11,745, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, 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. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Woodbourne average.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid route because they cut back your upfront costs and let you 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Woodbourne is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that provide a range of services at different price points. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the 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 | $13,146 | 11.5 years |
| 8 kW | $2.60 | $14,566 | $17,813 | 11.2 years |
| 10 kW | $2.55 | $17,850 | $22,623 | 11.0 years |
| 12 kW | $2.50 | $20,992 | $27,576 | 10.8 years |
| 14 kW | $2.45 | $23,990 | $32,672 | 10.6 years |
| 16 kW | $2.40 | $26,846 | $37,911 | 10.4 years |
| 18 kW | $2.35 | $29,560 | $43,293 | 10.1 years |
| 20 kW | $2.29 | $32,130 | $48,817 | 9.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Different companies offer various brands and types of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
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 Woodbourne, PA Solar Cost FAQs
What is the average cost of installing solar panels in Woodbourne?
This is a tough question to answer precisely, 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. You can expect to pay 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 choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Woodbourne?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Woodbourne?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out 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.