Solar Panel Cost Guide in Ardmore, PA (2024 Update)
- Ardmore Solar Installation Cost: $16,272
- 25-Year Savings: $14,957
- Payback Period: 15.3 Years
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Average Cost of Solar Panels in Ardmore
We break down average solar pricing in Ardmore.
The average cost of a solar panel system in Ardmore is 4 per watt.The average solar panel system size in Ardmore is around 6.5 kilowatts, meaning a cost of about $16,272 for a solar installation, or $23,269 before the 0 federal solar tax credit is applied.
The true price you pay can go above or below the average in Ardmore based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $15,000 in savings on electricity bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Ardmore
| Year | Return on Investment |
|---|---|
| 1 years | $-14,982 |
| 3 years | $-12,401 |
| 5 years | $-9,821 |
| 7 years | $-7,240 |
| 9 years | $-4,660 |
| 11 years | $-2,079 |
| 13 years | $502 |
| 15 years | $3,082 |
| 17 years | $5,663 |
| 19 years | $8,243 |
| 21 years | $10,824 |
| 23 years | $13,404 |
| 25 years | $15,985 |
Top Solar Installers in Ardmore
When making the switch to solar, many homeowners prefer to use a solar installer since overseeing your solar installation yourself can be a challenging project. Some solar companies, especially local ones, can help you better understand incentives in Ardmore, optimizing your ROI.
If you're searching for a solar company in Ardmore, we've put together 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Ardmore
Factors that Affect Solar Panel Costs in Ardmore
For many Ardmore homeowners, the decision to install a solar energy system rests on 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
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,550 per kilowatt in Ardmore.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Ardmore homeowners choose to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your all-in costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Ardmore is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for instance, you’ll have no shortage of solar installers that offer a range of services for different budgets.Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $8,909 | 15.9 years |
| 8 kW | $3.62 | $20,278 | $12,276 | 15.6 years |
| 10 kW | $3.55 | $24,850 | $15,842 | 15.3 years |
| 12 kW | $3.48 | $29,224 | $19,606 | 15.0 years |
| 14 kW | $3.41 | $33,398 | $23,570 | 14.7 years |
| 16 kW | $3.34 | $37,374 | $27,732 | 14.4 years |
| 18 kW | $3.27 | $41,152 | $32,093 | 14.0 years |
| 20 kW | $3.19 | $44,730 | $36,653 | 13.7 years |
How to Save on Solar Panels
The company that does your solar system 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 tough decision, we have some tips to help you, such as:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies have different brands and models of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
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 $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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration 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.
How will installing solar panels impact my property value?
Solar panels can increase the value of your home considerably 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?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 get 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.