Solar Panel Cost Guide in New Freedom, PA (2024 Update)
- New Freedom Solar Installation Cost: $16,398
- 25-Year Savings: $15,365
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in New Freedom
Let’s have a look at the average cost of solar panels in New Freedom.
The average cost of solar panels in New Freedom is 4 per watt.The average New Freedom homeowner needs a 6.6-kilowatt system, which would cost about $16,398 with the federal tax credit, or $23,449 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average New Freedom homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With typical savings of about $16,000 on electricity bills over 20 years, many homeowners in New Freedom find going solar can be quite rewarding.
To get a free quote from a vetted solar installer in New Freedom, you can click the button below.
Solar savings over time in New Freedom
| Year | Return on Investment |
|---|---|
| 1 years | $-15,155 |
| 3 years | $-12,669 |
| 5 years | $-10,183 |
| 7 years | $-7,697 |
| 9 years | $-5,211 |
| 11 years | $-2,726 |
| 13 years | $-240 |
| 15 years | $2,246 |
| 17 years | $4,732 |
| 19 years | $7,218 |
| 21 years | $9,704 |
| 23 years | $12,190 |
| 25 years | $14,676 |
Top Solar Installers in New Freedom
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring a solar panel installer can make swapping over to solar power much easier. Also, if you’d like to maximize your investment in solar, opting for a solar company can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 New Freedom
Factors that Affect Solar Panel Costs in New Freedom
There are a number of criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
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, your total will most likely increase by about $3,550. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in New Freedom, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.Though solar loans make adopting solar energy more accessible for New Freedom homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in New Freedom is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that provide a range of services at different costs.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, 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 | $3.69 | $15,506 | $9,174 | 15.7 years |
| 8 kW | $3.62 | $20,278 | $12,630 | 15.4 years |
| 10 kW | $3.55 | $24,850 | $16,284 | 15.1 years |
| 12 kW | $3.48 | $29,224 | $20,137 | 14.8 years |
| 14 kW | $3.41 | $33,398 | $24,189 | 14.5 years |
| 16 kW | $3.34 | $37,374 | $28,440 | 14.2 years |
| 18 kW | $3.27 | $41,152 | $32,889 | 13.9 years |
| 20 kW | $3.19 | $44,730 | $37,538 | 13.6 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 New Freedom, PA Solar Cost FAQs
What is the average cost of installing solar panels in New Freedom?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in New Freedom?
Solar panels aren’t free in New Freedom, 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 much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $822.68 per year.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires 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.