Ever wondered about the real deal with solar panel installation cost in Scranton, PA? It’s not just about slapping some panels on your roof and calling it a day. The average cost lands somewhere between $13,688 to $18,520 but hey, that’s a broad stroke. And why does this matter? Because knowing could save you from overspending or settling for less than stellar service.
But let’s get real – choosing to go solar is no small feat. With factors like system size and equipment quality playing major roles in the final price tag, diving into the specifics can feel overwhelming.
Yet here we are, ready to break down those numbers and sift through options because understanding these details means powering your home more efficiently without breaking the bank.
Understanding Solar Panel Installation Costs in Scranton, PA
The Role of Location and Size in Determining Cost
As of March 2024, the average solar panel cost in Scranton, PA is $3.22/W. For a 5 kilowatt (kW) system, you’re looking at a price tag between $13,688 to $18,520.
But here’s the thing – your actual cost depends on several factors. The biggest one? Your system size.
Breaking Down the Components of Total Cost
The cost of installing a solar system in Scranton can vary by more than $10,000 from home to home. Besides the obvious, your final price tag also swings based on what gear you go for, how you plan to pay for it all, and which solar company you end up picking.
Choosing the Right Solar Panel Company in Scranton
Evaluating Customer Service and Warranty Coverage
There are plenty of solar companies out there – check out this updated ranking for the top rated solar installers in Scranton, PA based on shopper preferences. Compare customer ratings, company tiers, and genuine feedback to see which installer is the best fit for your solar project.
Comparing Local vs. National Providers
A final factor to keep in mind when estimating the cost of solar in Scranton is the company you hire to install your PV system. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts.
While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Financial Incentives for Solar Energy in Pennsylvania
Navigating Federal Tax Credits and State Rebates
The federal investment tax credit (ITC) lowers the price of your solar equipment and installation costs by 30%. That’s a huge chunk of change back in your pocket.
The Impact of Net Metering on ROI
On average, solar shoppers in Scranton, PA save $41,212 over 20 years that they would have paid to their utility company. Shoppers who connect with a solar provider in Scranton, PA on the EnergySage Marketplace have a solar payback period of 8.57 years – meaning after this time, your electric bill savings will have passed the upfront cost of the solar power system.
Financing Your Solar Panel Installation
Exploring Loans and Leasing Options
After accounting for the 30% federal solar tax credit and other state and local solar incentives, the net price you’ll pay for solar can fall by thousands of dollars. And with options like a solar loan, solar lease, or power purchase agreement (PPA), you can find the right payment setup for your personal needs.
Calculating Long-term Savings
A 5 kW solar PV system in Scranton can offer cost savings of up to $18,000 over 20 years. It can potentially pay for itself within 11 to 12 years.
The Return on Investment (ROI) from Installing Solar Panels
How Solar Increases Home Values
Are solar panels worth it in Scranton, PA? On average, solar shoppers in Scranton, PA save $41,212 over 20 years that they would have paid to their utility company.
Estimating Your Break-even Point
Shoppers who connect with a solar provider in Scranton, PA on the EnergySage Marketplace have a solar payback period of 8.57 years – meaning after this time, your electric bill savings will have passed the upfront cost of the solar power system.
Key Factors Influencing the Cost of Solar Panels in Scranton
Importance of System Size and Equipment Quality
How much you’ll end up paying for your solar panel system installation hinges a lot on its size. Here’s a breakdown of installed Scranton solar system cost by system size:
- 3 kW: $9,660
- 4 kW: $12,880
- 5 kW: $16,100
- 6 kW: $19,320
- 7 kW: $22,540
- 8 kW: $25,760
- 10 kW: $32,200
Solar Panel Installation Cost in Scranton FAQs:
How much does it cost to install solar panels in PA?
In Scranton, expect to shell out between $15,000 and $25,000 after tax credits. The final cost hinges on system size.
Does Pennsylvania have a solar rebate?
Pennsylvania rolls out several rebates and incentives for solar energy, making the switch more wallet-friendly for homeowners.
Do solar panels increase home value in PA?
Absolutely. Homes in Pennsylvania see a bump in value with installed solar panels. Buyers love cutting-edge efficiency.
What is the ROI on solar panels in PA?
Solar investments pay back over time. In Pennsylvania, your break-even point can hit as early as 5 years post-installation.
Conclusion
Solar Panel Installation Cost in Scranton has its variables —system size matters as much as where you buy them from— but at heart lies an opportunity to slash energy bills while padding out that eco-friendly halo. Ready to start comparing quotes? Get free estimates by filling out this form.
