Solar Panel Cost Guide in Chanceford, PA (Jan 2023)
- Chanceford Solar Installation Cost: $11,781
- 25-Year Savings: $14,170
- Payback Period: 11.3 Years
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Top Solar Installers in Chanceford
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Using a solar panel installer can make swapping over to solar power much easier. The payback period on a solar system will vary based on factors like your roof configuration and energy needs, but working with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
If you're searching for a solar installer in Chanceford, we've organized a list of our top suggestions here:
See all of the solar companies in Chanceford
Factors that Affect Solar Panel Costs in Chanceford
There are several criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Chanceford average.
Solar Financing Terms
Many homeowners find the average cost of solar in Chanceford to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. You'll have to consider the long-term cost of loans, including the amount of 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 getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can impact your pricing. Chanceford's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Chanceford have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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||$12,457||11.8 years|
|8 kW||$2.60||$14,566||$16,894||11.6 years|
|10 kW||$2.55||$17,850||$21,475||11.3 years|
|12 kW||$2.50||$20,992||$26,199||11.1 years|
|14 kW||$2.45||$23,990||$31,065||10.9 years|
|16 kW||$2.40||$26,846||$36,074||10.7 years|
|18 kW||$2.35||$29,560||$41,226||10.4 years|
|20 kW||$2.29||$32,130||$46,520||10.2 years|
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining 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 some important things you should consider, such as:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Before signing a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
EcoWatch's Chanceford, PA Solar Cost FAQs
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.