Solar Panel Cost Guide in Ardmore, PA (2023 Update)
- Ardmore Solar Installation Cost: $11,692
- 25-Year Savings: $14,954
- Payback Period: 11.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ardmore
Find out what the average cost of installing solar panels is in Ardmore.
The national average cost of solar panels is $2.66 per watt, but in Ardmore it's 2.55 per watt. Since a 6.5-kW system is needed to cover the energy consumption of a typical home in Ardmore, the average price of going solar will be about $11,692 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of equipment you want, your solar contractor and more. Many homeowners find going solar is a fruitful investment. The average homeowner in Ardmore can save around $15,000 on their power bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Ardmore for a personalized estimate.
Solar savings over time in Ardmore
| Year | Return on Investment |
|---|---|
| 1 years | $-10,626 |
| 3 years | $-8,494 |
| 5 years | $-6,363 |
| 7 years | $-4,231 |
| 9 years | $-2,099 |
| 11 years | $32 |
| 13 years | $2,164 |
| 15 years | $4,296 |
| 17 years | $6,427 |
| 19 years | $8,559 |
| 21 years | $10,690 |
| 23 years | $12,822 |
| 25 years | $14,954 |
Top Solar Installers in Ardmore
When going solar, many homeowners choose to use a solar company since putting up a solar system yourself can be a challenging project. Companies can also have access to quality options of the best solar panels and help you decide which one will be right for your home.
If you're searching for a solar company in Ardmore, the EcoWatch team has compiled a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Ardmore
Factors that Affect Solar Panel Costs in Ardmore
For many Ardmore homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Ardmore, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your home, 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 about $2,550. There are several different solar panel brands and the one you choose also affects the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Ardmore, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. 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 considerably.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Ardmore, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.65 | $11,138 | $13,277 | 11.4 years |
| 8 kW | $2.60 | $14,566 | $17,988 | 11.2 years |
| 10 kW | $2.55 | $17,850 | $22,842 | 11.0 years |
| 12 kW | $2.50 | $20,992 | $27,838 | 10.7 years |
| 14 kW | $2.45 | $23,990 | $32,978 | 10.5 years |
| 16 kW | $2.40 | $26,846 | $38,260 | 10.3 years |
| 18 kW | $2.35 | $29,560 | $43,685 | 10.1 years |
| 20 kW | $2.29 | $32,130 | $49,253 | 9.9 years |
How to Save on Solar Panels
There are numerous companies to choose from in Ardmore, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Different companies have various brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: It's important to read your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Ardmore, PA Solar Cost FAQs
How much does it cost to install solar panels in Ardmore?
The average cost of solar panels in Ardmore is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.