Solar Panel Cost Guide in East Vincent, PA (2024 Update)
- East Vincent Solar Installation Cost: $16,246
- 25-Year Savings: $14,714
- Payback Period: 15.4 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in East Vincent
See how much it might cost to switch to solar power in East Vincent.
In East Vincent, solar panels cost about 4 per watt on average.To account for the typical energy usage of the average home in East Vincent, most homeowners require a 6.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,246, or $23,232 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.For most homeowners, the upfront investment in solar power is worth paying. On average East Vincent homeowners see about $15,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in East Vincent
Year | Return on Investment |
---|---|
1 years | $-14,971 |
3 years | $-12,422 |
5 years | $-9,873 |
7 years | $-7,324 |
9 years | $-4,775 |
11 years | $-2,226 |
13 years | $323 |
15 years | $2,872 |
17 years | $5,421 |
19 years | $7,970 |
21 years | $10,519 |
23 years | $13,068 |
25 years | $15,617 |
Top Solar Installers in East Vincent
Many homeowners decide to use a solar panel installer since trying to install solar panels yourself can be challenging. Another good thing about going with a top solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in East Vincent
Factors that Affect Solar Panel Costs in East Vincent
Though the average cost of a solar system in East Vincent is $16,246, your final cost may differ. There are several factors that can have a sizable impact on the cost of a 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 for your household, 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 around $3,550. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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 over time on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the East Vincent average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, 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.Although solar loans make going solar more accessible for East Vincent homeowners, they can also increase the total you pay for your system due to interest. 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 consideration when trying to evaluate the cost of solar for your home or business in East Vincent is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services for different budgets.The company’s size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better 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 | $8,708 | 16.0 years |
8 kW | $3.62 | $20,278 | $12,008 | 15.7 years |
10 kW | $3.55 | $24,850 | $15,507 | 15.4 years |
12 kW | $3.48 | $29,224 | $19,205 | 15.1 years |
14 kW | $3.41 | $33,398 | $23,101 | 14.8 years |
16 kW | $3.34 | $37,374 | $27,197 | 14.5 years |
18 kW | $3.27 | $41,152 | $31,491 | 14.2 years |
20 kW | $3.19 | $44,730 | $35,984 | 13.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: The brand of solar panel you’d like plays a part in which company you should go with, since different companies offer different panels.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's East Vincent, PA Solar Cost FAQs
How much does it cost to install solar panels in East Vincent?
The average cost of solar panels in East Vincent is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in East Vincent?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase how much your home is worth?
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 East Vincent is currently $441,640, which means you could be looking at a value of about $18,107 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in East Vincent is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.