Depending on the project, the cost of a PA solar panel installation will vary. However, this payment guide explains what goes into the purchase price of a Pennsylvania solar panel system.
How much do solar panels cost in Pennsylvania?
The average cost of a residential solar panel installation in PA ranges anywhere from $12,500 to $17,500. Pennsylvania solar tax credits and other incentives are available to help offset the cost by thousands, and the typical PA solar panels system pays for itself anywhere between 6 to 10 years.
What are the benefits of a PA solar panel system?
PA property owners who install solar energy systems on their homes can:
- Save an average of 50-100% on their monthly utility bill
- Generate hundreds of dollars a year selling Solar Renewable Energy Credits (SRECS)
- Gain equity from an increase in home value (usually 4% more than comparable homes without solar panels)
- Use less energy during peak energy consumption hours
- Minimize air pollution by contributing to a reduction in fossil fuels
- Support the creation of jobs generated by the solar energy industry
How can you reduce the cost of a PA solar panel installation?
If you’re looking to save on the cost of PA solar panel system, you can do so by taking advantage of local and federal PA tax credits and incentives. These incentives can help you save thousands of dollars, and there are also lease and financing options available that require no down payment.
How do you purchase a PA solar system?
There are generally two main ways homeowners can pay for a PA solar panel system:
Purchasing with Cash/Credit/Traditional Financing
If you purchase your PA solar panel system outright you can expect to see a 50-100% savings on your monthly utility bill. Solar Energy World offers $0 down financing options, based on creditworthiness.
Lease or choose our RateGuardian™ PPA to Pay $0
You can also finance the cost of a PA solar panel system with a Power Purchase Agreement or Solar Lease. Pending credit approval, our PPAs and Leases enable Pennsylvania homeowners to put down $0. With our Solar PPA, you pay nothing for the panels or the installation, and you’re able to lock in a lower rate for electricity (up to 30%) than your utility provider offers.