Solar Panel Cost Guide in Towamensing, PA (2024 Update)
- Towamensing Solar Installation Cost: $16,942
- 25-Year Savings: $12,784
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Towamensing
We go over average solar pricing in Towamensing.
The national average cost of solar panels is $2.66 per watt, but in Towamensing it’s 4 per watt.Since a 6.8-kW system is needed to cover the energy needs of a typical home in Towamensing, the average price of going solar will be about $16,942 after claiming the federal solar tax credit of 0.
The true cost of your system can be higher or lower than the average in Towamensing depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire.With typical savings of about $14,000 on electricity bills over 20 years, many homeowners in Towamensing find installing solar panels can be quite rewarding.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Towamensing
| Year | Return on Investment |
|---|---|
| 1 years | $-15,673 |
| 3 years | $-13,136 |
| 5 years | $-10,599 |
| 7 years | $-8,062 |
| 9 years | $-5,524 |
| 11 years | $-2,987 |
| 13 years | $-450 |
| 15 years | $2,087 |
| 17 years | $4,625 |
| 19 years | $7,162 |
| 21 years | $9,699 |
| 23 years | $12,236 |
| 25 years | $14,774 |
Top Solar Installers in Towamensing
Many homeowners choose to use a solar installer since figuring out how to install solar panels on your own can be hard. Another good thing about choosing a top solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
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 Towamensing
Factors that Affect Solar Panel Costs in Towamensing
The cost of installing a solar system in Towamensing can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Towamensing, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $3,550 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you want to install 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
If paying for solar panels out of pocket is too expensive, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only 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 securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installation company you select will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Towamensing have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $6,454 | 17.7 years |
| 8 kW | $3.62 | $20,278 | $9,003 | 17.3 years |
| 10 kW | $3.55 | $24,850 | $11,751 | 17.0 years |
| 12 kW | $3.48 | $29,224 | $14,698 | 16.6 years |
| 14 kW | $3.41 | $33,398 | $17,843 | 16.3 years |
| 16 kW | $3.34 | $37,374 | $21,188 | 16.0 years |
| 18 kW | $3.27 | $41,152 | $24,731 | 15.6 years |
| 20 kW | $3.19 | $44,730 | $28,473 | 15.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- 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.
- Warranty: If you’re concerned about the endurance of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While 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 be sure to peruse their list of offerings before making your decision.
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 Towamensing, PA Solar Cost FAQs
How much does it cost to install solar panels in Towamensing?
The average cost of solar panels in Towamensing 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Towamensing?
Leasing solar panels can be an appealing choice, because 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 maximize your savings.
How will solar panels impact my property value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.