Solar Panel Cost Guide in Chalfont, PA (2023 Update)
- Chalfont Solar Installation Cost: $11,751
- 25-Year Savings: $13,727
- Payback Period: 11.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Chalfont
Find out what the average cost of a solar system is in Chalfont.
Although the national average of solar panels is $2.66 per watt, solar panels in Chalfont typically cost about 2.55. The average Chalfont homeowner needs a 6.6-kilowatt system, which would cost about $11,745 with the federal tax credit, or $16,795 before the 30% tax credit is applied.
These figures are just averages, and your own solar costs may vary based on the amount of energy your home requires and what company you choose to go with. For most homeowners, the upfront cost of solar power is worth paying. On average Chalfont homeowners see about $15,000 in savings on electricity bills over 20 years.
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 | $-10,406 |
| 3 years | $-7,715 |
| 5 years | $-5,023 |
| 7 years | $-2,332 |
| 9 years | $359 |
| 11 years | $3,050 |
| 13 years | $5,741 |
| 15 years | $8,432 |
| 17 years | $11,124 |
| 19 years | $13,815 |
| 21 years | $16,506 |
| 23 years | $19,197 |
| 25 years | $21,888 |
Top Solar Installers in Chalfont
When switching to solar energy, many homeowners opt to use a solar installation company since putting up a solar system yourself can be a difficult project. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be right for your family.
If you'd like to make the switch to solar but still aren't sure which solar panel company to go with, here are our recommendations for providers nearby:
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 Chalfont
Factors that Affect Solar Panel Costs in Chalfont
The cost of installing a solar system in Chalfont can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Chalfont average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to 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 APR could reduce your costs remarkably.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Chalfont, you'll have many options to choose from, but each comes at different price points for labor and equipment. You may notice national solar installers that have lower prices due to 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 | $2.65 | $11,138 | $12,082 | 12.0 years |
| 8 kW | $2.60 | $14,566 | $16,395 | 11.8 years |
| 10 kW | $2.55 | $17,850 | $20,850 | 11.5 years |
| 12 kW | $2.50 | $20,992 | $25,449 | 11.3 years |
| 14 kW | $2.45 | $23,990 | $30,190 | 11.1 years |
| 16 kW | $2.40 | $26,846 | $35,074 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,101 | 10.6 years |
| 20 kW | $2.29 | $32,130 | $45,270 | 10.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past 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 Chalfont, PA Solar Cost FAQs
What is the average cost of installing solar panels in Chalfont?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Chalfont?
A solar panel system isn't free in Chalfont, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $774.00 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption 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 install between 20 and 35 panels to cover 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.