Solar Panel Cost Guide in Woodward, PA (2023 Update)
- Woodward Solar Installation Cost: $12,601
- 25-Year Savings: $20,275
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Woodward
We break down average solar pricing in Woodward.
The national average cost of solar panels is $2.66 per watt, but in Woodward it's 2.55 per watt. Using this figure, a typical 7.1-kW system would cost about $12,602 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more. Many homeowners find going solar is a solid investment. The average homeowner in Woodward can save around $18,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar panel company in your area for a custom quote.
Solar savings over time in Woodward
| Year | Return on Investment |
|---|---|
| 1 years | $-11,124 |
| 3 years | $-8,169 |
| 5 years | $-5,214 |
| 7 years | $-2,259 |
| 9 years | $696 |
| 11 years | $3,651 |
| 13 years | $6,606 |
| 15 years | $9,561 |
| 17 years | $12,516 |
| 19 years | $15,471 |
| 21 years | $18,426 |
| 23 years | $21,380 |
| 25 years | $24,335 |
Top Solar Installers in Woodward
Installing solar panels by yourself can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Companies can also provide access to quality options of the best solar panels and help you pick which one will be right for your family.
If you'd like to switch to solar energy but still aren't sure which solar installer to go with, here are our recommendations for providers in Woodward:
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 Woodward
Factors that Affect Solar Panel Costs in Woodward
The cost of installing a solar system in Woodward can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar system in Woodward, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $2,550 for each additional kilowatt you need. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Woodward average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. While solar loans make adopting solar energy more accessible for Woodward homeowners, they can also raise 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
The solar company you select will affect your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $16,804 | 10.0 years |
| 8 kW | $2.60 | $14,566 | $22,690 | 9.8 years |
| 10 kW | $2.55 | $17,850 | $28,720 | 9.6 years |
| 12 kW | $2.50 | $20,992 | $34,892 | 9.4 years |
| 14 kW | $2.45 | $23,990 | $41,207 | 9.2 years |
| 16 kW | $2.40 | $26,846 | $47,665 | 9.0 years |
| 18 kW | $2.35 | $29,560 | $54,266 | 8.8 years |
| 20 kW | $2.29 | $32,130 | $61,010 | 8.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
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 Woodward, PA Solar Cost FAQs
How much does it cost to install solar panels in Woodward?
The average cost of solar panels in Woodward 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 like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Woodward?
You can't get solar panels for free in Woodward. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Woodward?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity 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 should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to 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.