Solar Panel Cost Guide in Bryn Mawr, PA (2024 Update)
- Bryn Mawr 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 Bryn Mawr
Here’s how much it might cost to go solar in Bryn Mawr.
The average cost of solar panels in Bryn Mawr is 4 per watt.Because a 6.5-kW system is needed to cover the energy costs of a typical home in Bryn Mawr, the average price of going solar will be about $16,272 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Bryn Mawr based on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.With average savings of about $15,000 on energy bills over 20 years, many homeowners in Bryn Mawr find installing solar panels can pay off big.
To get a free estimate from a pre-vetted solar installation company in Bryn Mawr, you can click the button below.
Solar savings over time in Bryn Mawr
| 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 Bryn Mawr
When switching to solar energy, many homeowners prefer to go with a solar company since overseeing your solar installation yourself can be a time-consuming project. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be best for you.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in Bryn Mawr
Factors that Affect Solar Panel Costs in Bryn Mawr
The cost of installing a solar system in Bryn Mawr can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $3,550 per kilowatt in Bryn Mawr.There are a lot of different solar panel brands and the one you pick also affects the cost. Generally, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Bryn Mawr homeowners choose to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of loans, including the total 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Bryn Mawr, and each can charge varying amounts for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that offers the products, warranties and services you’re looking for and also is within 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 | $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 solar panel company you opt for will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
Best National Provider
SunPower
- 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
- 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
EcoWatch's Bryn Mawr, PA Solar Cost FAQs
What is the average cost of installing solar panels in Bryn Mawr?
The average cost of solar panels in Bryn Mawr 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 type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Bryn Mawr?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t choose 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 solar panels."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.