Solar Panel Cost Guide in Lower Nazareth, PA (2024 Update)
- Lower Nazareth Solar Installation Cost: $16,665
- 25-Year Savings: $12,983
- Payback Period: 16.7 Years
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Average Cost of Solar Panels in Lower Nazareth
See how much it might cost to switch to solar power in Lower Nazareth.
The national average cost of solar panels is $2.66 per watt, but in Lower Nazareth it’s 4 per watt.Since a 6.7-kW system is needed to cover the energy needs of a typical home in Lower Nazareth, the average price of going solar will be about $16,665 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Lower Nazareth homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $14,000 over 20 years on power bills.
You can click the button below to get connected with a pre-vetted solar company in Lower Nazareth that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lower Nazareth
| Year | Return on Investment |
|---|---|
| 1 years | $-15,422 |
| 3 years | $-12,936 |
| 5 years | $-10,450 |
| 7 years | $-7,964 |
| 9 years | $-5,478 |
| 11 years | $-2,992 |
| 13 years | $-506 |
| 15 years | $1,980 |
| 17 years | $4,466 |
| 19 years | $6,952 |
| 21 years | $9,438 |
| 23 years | $11,923 |
| 25 years | $14,409 |
Top Solar Installers in Lower Nazareth
Although it's possible to install solar panels on your own, it takes extra effort and knowledge. Because of that, the majority of homeowners choose to go with a solar panel installer. Another benefit of going with a solar installer is that they can help you optimize your ROI by reducing your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
If you’d like to start using solar energy but still aren’t sure which solar panel installer to go with, here are our recommendations 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 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 Lower Nazareth
Factors that Affect Solar Panel Costs in Lower Nazareth
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Lower Nazareth: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,550 per kilowatt in Lower Nazareth.The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Lower Nazareth provide solar loans, which reduce your upfront costs of installing a solar system.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Lower Nazareth, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $6,820 | 17.4 years |
| 8 kW | $3.62 | $20,278 | $9,490 | 17.0 years |
| 10 kW | $3.55 | $24,850 | $12,360 | 16.7 years |
| 12 kW | $3.48 | $29,224 | $15,428 | 16.4 years |
| 14 kW | $3.41 | $33,398 | $18,695 | 16.0 years |
| 16 kW | $3.34 | $37,374 | $22,161 | 15.7 years |
| 18 kW | $3.27 | $41,152 | $25,826 | 15.4 years |
| 20 kW | $3.19 | $44,730 | $29,690 | 15.0 years |
How to Save on Solar Panels
There are a lot of companies available in Lower Nazareth, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
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 Lower Nazareth, PA Solar Cost FAQs
What is the average cost of installing solar panels in Lower Nazareth?
The average cost of solar panels in Lower Nazareth 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Lower Nazareth?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The downside 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 get the most savings.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $744.20 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a 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.