Solar Panel Cost Guide in Chalfont, PA (2024 Update)
- Chalfont Solar Installation Cost: $16,360
- 25-Year Savings: $13,727
- Payback Period: 16.1 Years
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Average Cost of Solar Panels in Chalfont
Here’s how much it might cost to install solar panels in Chalfont.
The national average cost of solar panels is $2.66 per watt, but in Chalfont it’s 4 per watt.Using this figure, a typical 6.6-kW system would cost about $16,360 before the 0 federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Chalfont based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $15,000 over 20 years on utility bills.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Chalfont
| Year | Return on Investment |
|---|---|
| 1 years | $-15,014 |
| 3 years | $-12,323 |
| 5 years | $-9,632 |
| 7 years | $-6,941 |
| 9 years | $-4,249 |
| 11 years | $-1,558 |
| 13 years | $1,133 |
| 15 years | $3,824 |
| 17 years | $6,515 |
| 19 years | $9,206 |
| 21 years | $11,898 |
| 23 years | $14,589 |
| 25 years | $17,280 |
Top Solar Installers in Chalfont
Although it's possible to install solar panels on your own, it requires extra labor and know-how. For that reason, the majority of homeowners choose to hire a solar panel installer. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you're searching for a solar company in Chalfont, the EcoWatch team has organized 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
See all of the solar companies in Chalfont
Factors that Affect Solar Panel Costs in Chalfont
For many Chalfont homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Chalfont, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much 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 a challenge. Solar loans are offered by most installers in Chalfont, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can influence your pricing. Chalfont’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $7,714 | 16.7 years |
| 8 kW | $3.62 | $20,278 | $10,683 | 16.4 years |
| 10 kW | $3.55 | $24,850 | $13,850 | 16.1 years |
| 12 kW | $3.48 | $29,224 | $17,217 | 15.7 years |
| 14 kW | $3.41 | $33,398 | $20,782 | 15.4 years |
| 16 kW | $3.34 | $37,374 | $24,546 | 15.1 years |
| 18 kW | $3.27 | $41,152 | $28,509 | 14.8 years |
| 20 kW | $3.19 | $44,730 | $32,670 | 14.4 years |
How to Save on Solar Panels
The solar panel company you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Warranty: If you’re worried about the durability of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
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 Chalfont, PA Solar Cost FAQs
How much does it cost to install solar panels in Chalfont?
The average cost of solar panels in Chalfont 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 consume.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Chalfont have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.