Solar Panel Cost Guide in Sayre, PA (2024 Update)
- Sayre Solar Installation Cost: $17,555
- 25-Year Savings: $18,952
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Sayre
Find out what the average cost of a solar system is in Sayre.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sayre, the typical cost of a solar system is 4 per watt.Because a 7.1-kW system is needed to cover the energy consumption of a typical home in Sayre, the average price of going solar will be about $17,555 after claiming the federal solar tax credit of 0.
These figures are just estimates, and your own solar costs may differ based on factors unique to your home and what company you want to go with.But, after you've paid the initial cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $17,000 over 20 years on energy bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Sayre
| Year | Return on Investment |
|---|---|
| 1 years | $-16,077 |
| 3 years | $-13,122 |
| 5 years | $-10,167 |
| 7 years | $-7,212 |
| 9 years | $-4,258 |
| 11 years | $-1,303 |
| 13 years | $1,652 |
| 15 years | $4,607 |
| 17 years | $7,562 |
| 19 years | $10,517 |
| 21 years | $13,472 |
| 23 years | $16,427 |
| 25 years | $19,382 |
Top Solar Installers in Sayre
Although it's possible to install solar panels yourself, it requires extra time and knowledge. That's why the majority of homeowners choose to hire a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Sayre
Factors that Affect Solar Panel Costs in Sayre
For many Sayre homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Sayre, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels 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 about $3,550 per kilowatt in Sayre.There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Sayre to be too costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.However, the interest on solar loans also increases your overall costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also fit into 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 | $11,300 | 14.5 years |
| 8 kW | $3.62 | $20,278 | $15,465 | 14.2 years |
| 10 kW | $3.55 | $24,850 | $19,828 | 13.9 years |
| 12 kW | $3.48 | $29,224 | $24,390 | 13.6 years |
| 14 kW | $3.41 | $33,398 | $29,151 | 13.3 years |
| 16 kW | $3.34 | $37,374 | $34,110 | 13.1 years |
| 18 kW | $3.27 | $41,152 | $39,269 | 12.8 years |
| 20 kW | $3.19 | $44,730 | $44,626 | 12.5 years |
How to Save on Solar Panels
There are numerous companies available in Sayre, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- 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.
- Contract: Read the contract terms closely to make sure you understand the total cost, project completion timeline incentives and warranties.
- Installation Process: When making the switch to solar power, it’s essential to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project completion 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 Sayre, PA Solar Cost FAQs
How much does it cost to install solar panels in Sayre?
This is a tough question to answer precisely, because the cost depends on a variety of 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. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will installing solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Sayre is currently $174,663, which means you could be looking at a value of about $7,161 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Sayre is a rewarding investment.
How long do solar panels last in Sayre?
Even though 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 opt to replace them after having 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.