Solar Panel Cost Guide in Old Lycoming, PA (2024 Update)
- Old Lycoming Solar Installation Cost: $17,499
- 25-Year Savings: $14,886
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Old Lycoming
Here’s how much it might cost to go solar in Old Lycoming.
The national average cost of solar panels is $2.66 per watt, but in Old Lycoming it’s 4 per watt.The average solar panel system size in Old Lycoming is around 7.0 kilowatts, meaning a cost of about $17,499 for a solar installation, or $25,024 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Old Lycoming 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.Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Old Lycoming can save about $15,000 on their power bills over 20 years.
To get a free quote from a vetted solar installation company in Old Lycoming, you can click the button below.
Solar savings over time in Old Lycoming
| Year | Return on Investment |
|---|---|
| 1 years | $-16,021 |
| 3 years | $-13,066 |
| 5 years | $-10,111 |
| 7 years | $-7,156 |
| 9 years | $-4,201 |
| 11 years | $-1,247 |
| 13 years | $1,708 |
| 15 years | $4,663 |
| 17 years | $7,618 |
| 19 years | $10,573 |
| 21 years | $13,528 |
| 23 years | $16,483 |
| 25 years | $19,438 |
Top Solar Installers in Old Lycoming
When making the switch to solar, many homeowners prefer to hire a solar installer since handling can be a difficult project. Companies can also provide access to quality options of the best solar panels and help you decide which one will be right for you.
If you're on the hunt for a solar company in Old Lycoming, we've compiled a list of our top suggestions here:
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 Old Lycoming
Factors that Affect Solar Panel Costs in Old Lycoming
For many Old Lycoming homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Old Lycoming, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over 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 electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $3,550 per kilowatt in Old Lycoming.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Old Lycoming homeowners choose to finance their solar panel systems to make paying for solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can influence your pricing. Old Lycoming’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced 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 choose a company that offers the products, warranties and services you’re looking for and also is within 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 | $3.69 | $15,506 | $7,887 | 16.6 years |
| 8 kW | $3.62 | $20,278 | $10,913 | 16.3 years |
| 10 kW | $3.55 | $24,850 | $14,139 | 15.9 years |
| 12 kW | $3.48 | $29,224 | $17,563 | 15.6 years |
| 14 kW | $3.41 | $33,398 | $21,186 | 15.3 years |
| 16 kW | $3.34 | $37,374 | $25,008 | 15.0 years |
| 18 kW | $3.27 | $41,152 | $29,028 | 14.7 years |
| 20 kW | $3.19 | $44,730 | $33,248 | 14.3 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 pick the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which company you should choose, since different companies have different panels.
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 Old Lycoming, PA Solar Cost FAQs
What is the average cost of installing solar panels in Old Lycoming?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Old Lycoming?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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 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.