Solar Panel Cost Guide in Thompsonville, PA (2024 Update)
- Thompsonville Solar Installation Cost: $17,152
- 25-Year Savings: $8,723
- Payback Period: 20.4 Years
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Average Cost of Solar Panels in Thompsonville
Find out what the average cost of solar panel installation is in Thompsonville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Thompsonville, the average cost of solar panels is 4 per watt.To cover the typical energy needs of the average home in Thompsonville, most homeowners require a 6.9-kilowatt system. Using the figure above, a solar installation costs around $17,152, or $24,527 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary based on a few factors, such as what size system you need, your energy consumption and what company you go with.For most homeowners, the upfront investment in solar power is worth paying. On average Thompsonville homeowners see about $12,000 in savings on utility bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Thompsonville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,069 |
| 3 years | $-13,904 |
| 5 years | $-11,738 |
| 7 years | $-9,572 |
| 9 years | $-7,406 |
| 11 years | $-5,240 |
| 13 years | $-3,075 |
| 15 years | $-909 |
| 17 years | $1,257 |
| 19 years | $3,423 |
| 21 years | $5,589 |
| 23 years | $7,754 |
| 25 years | $9,920 |
Top Solar Installers in Thompsonville
When switching to solar energy, many homeowners prefer to use a solar installation company since DIY solar panel installation can be a difficult project. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Thompsonville
Factors that Affect Solar Panel Costs in Thompsonville
Although the average cost of a solar system in Thompsonville is $17,152, your final cost may differ. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,550. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Thompsonville, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Thompsonville, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Companies that 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 go with the company that offers the products, warranties and services you want and also fits 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 | $2,786 | 21.2 years |
| 8 kW | $3.62 | $20,278 | $4,112 | 20.8 years |
| 10 kW | $3.55 | $24,850 | $5,638 | 20.4 years |
| 12 kW | $3.48 | $29,224 | $7,362 | 20.0 years |
| 14 kW | $3.41 | $33,398 | $9,284 | 19.6 years |
| 16 kW | $3.34 | $37,374 | $11,406 | 19.2 years |
| 18 kW | $3.27 | $41,152 | $13,726 | 18.7 years |
| 20 kW | $3.19 | $44,730 | $16,245 | 18.3 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Warranty: If you care about the longevity of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Before signing a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
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 Thompsonville, PA Solar Cost FAQs
What is the average cost of installing solar panels in Thompsonville?
The average cost of solar panels in Thompsonville is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Thompsonville?
You can’t get solar panels for free in Thompsonville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your 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 Thompsonville is currently $420,129, which means you can look forward to a value of about $17,225 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Thompsonville is a rewarding investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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.