Solar Panel Cost Guide in Bensalem, PA (Aug 2022)

  • Bensalem Solar Installation Cost: $12,416
  • 25-Year Savings: $14,229
  • Payback Period: 11.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 7/19/2022

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Average Cost of Solar Panels in Bensalem

Find out what the average cost of solar panels are in Bensalem.

The average cost of a solar system in Bensalem is $3 per watt. The average solar panel system size in Bensalem is around 6.6 kilowatts, meaning a cost of about $12,416 for a solar installation, or $9,188 after the federal solar tax credit is applied.

These figures are just estimates, and how much solar costs for you will look different based on your energy needs and what company you want to go with. Even with the high upfront cost, the average Bensalem homeowner can save around $15,000 on their power bills over 20 years, which is one of the advantages of solar.

For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Bensalem

Year Return on Investment
1 years $-11,351
3 years $-9,219
5 years $-7,087
7 years $-4,956
9 years $-2,824
11 years $-692
13 years $1,439
15 years $3,571
17 years $5,702
19 years $7,834
21 years $9,966
23 years $12,097
25 years $14,229

Top Solar Installers in Bensalem

DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Using a solar panel installer can make your swap to solar much easier. Plus, if you're not certain what kind of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.

Working with a professional solar company can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Bensalem

Factors that Affect Solar Panel Costs in Bensalem

For many Bensalem homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Bensalem, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size. Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,550. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar installers in Bensalem have solar loans, which reduce your upfront costs of installing solar. While solar loans make adopting solar energy more accessible for Bensalem homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar company you pick will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that provides the products, warranties and services you want and also fit into your budget.

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 $11,775 $12,509 12.1 years
8 kW $2.60 $15,398 $16,981 11.9 years
10 kW $2.55 $18,870 $21,603 11.7 years
12 kW $2.50 $22,191 $26,377 11.4 years
14 kW $2.45 $25,361 $31,301 11.2 years
16 kW $2.40 $28,380 $36,377 11.0 years
18 kW $2.35 $31,249 $41,603 10.7 years
20 kW $2.29 $33,966 $46,981 10.5 years

Solar Incentives in Bensalem

Name Solar Alternative Energy Credits
Incentive Amount Varies based on market conditions; during 2015 the market price for PA-sourced SRECs has ranged from approximately $32 - $55/MWh ($0.032 - $0.055/kWh) although individual trades have taken place at substantially lower and higher prices.
Incentive Max Varies based on market conditions; SACP does not represent a price ceiling because it is only determined after the fact
Website Visit here
More Info Click here

Name High Performance Building Incentives Program
Incentive Amount Vary by project, but program generally requires matching funds at least equivalent to DCED funding
Incentive Max Residential loans/loan guarantees: $100,000
Commercial loans/loan guarantees: $2 million
Grants: Lesser of 10% of project costs or $500,000
Website Visit here
More Info Click here

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name High Performance Buildings Incentive Program
Website Visit here
More Info Click here

How to Save on Solar Panels

There are numerous companies to choose from in Bensalem, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:

  • Installation Process: When making the switch to solar energy, it's crucial to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the completion timeline.
  • Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
  • Warranty: If you're worried about the endurance of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Bensalem, PA Solar Cost FAQs

How much does it cost to install solar panels in Bensalem?

The average cost of solar panels in Bensalem is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors 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 aside from cost when buying solar panels?

The initial cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.

How will installing solar panels impact my property value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Bensalem is currently $275,970, which means you can look forward to a value of about $11,315 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Bensalem is a worthwhile investment.

How long do solar panels last in Bensalem?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.

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.

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