Solar Panel Installation Cost Pennsylvania

Pennsylvania srecs prices are worth up to 42 6 meaning if you install an average sized 6 kilowatt system that produces 6 megawatt hours per year you could earn about 250 annually by selling your credits in the srec market.

Solar panel installation cost pennsylvania.

As of september 2020 the average solar panel cost in pennsylvania is 3 02 w. Explore solar panel installation services. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. Installation for the average 5kw system ranges from 11 100 22 400.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays. In pennsylvania the cost of installing an average sized 5kw solar energy system averages between 13 360 and 17 940. This estimation does not include money saving incentives such as the federal itc credit which we will discuss in detail later on.

From pennsylvania data it is shown that the average cost of a solar panel installation ranges from 12 835 to 17 365. The average cost of installed residential solar power systems is currently 2 60 per watt. Solar panel cost data 2020. They are custom based on the home roof type shading and utility.

In addition to the pennsylvania solar tax credits home solar systems are designed to last 30 years or longer. Solar panel cost in pennsylvania the average cost for an installed residential solar system in pennsylvania is currently 10 558 after claiming the 26 federal solar tax credit. On a cost per watt w basis a solar panel installation in pennsylvania ranges in price from 2 57 to 3 47. Pennsylvania is one of the best states in the country if you want to go solar but only if you re rich enough.

Given a solar panel system size of 5 kilowatts kw an average solar installation in pennsylvania ranges in cost from 12 835 to 17 365 with the average gross price for solar in pennsylvania coming in at 15 100. How much do solar panels cost in pennsylvania. Green energy chronicles is however looking to change that. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years.

After accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net price you ll pay for solar can fall by thousands of dollars.