Solar Panel Cost Guide in Coatesville, PA (2023 Update)
- Coatesville Solar Installation Cost: $11,674
- 25-Year Savings: $13,804
- Payback Period: 11.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Coatesville
Find out what the average cost of a solar system is in Coatesville.
The average cost of a solar panel system in Coatesville is 2.55 per watt. To cover the typical energy needs of the average home in Coatesville, most homeowners require a 6.5-kilowatt system. Using the figure above, a solar installation costs around $11,674, or $16,694 before the federal solar tax credit of 30% is applied.
These figures are only 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 many homeowners, the upfront cost of solar is worth paying. On average homeowners in Coatesville see about $15,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Coatesville for a custom estimate.
Solar savings over time in Coatesville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,655 |
| 3 years | $-8,617 |
| 5 years | $-6,578 |
| 7 years | $-4,540 |
| 9 years | $-2,502 |
| 11 years | $-463 |
| 13 years | $1,575 |
| 15 years | $3,613 |
| 17 years | $5,651 |
| 19 years | $7,690 |
| 21 years | $9,728 |
| 23 years | $11,766 |
| 25 years | $13,804 |
Top Solar Installers in Coatesville
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make switching to solar power much easier. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Coatesville:
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 Coatesville
Factors that Affect Solar Panel Costs in Coatesville
The cost of installing a solar system in Coatesville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,550. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Coatesville, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Coatesville, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies in Coatesville, and each can charge different amounts for labor and equipment. Companies that 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 find a company that has 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 | $11,138 | $12,245 | 11.9 years |
| 8 kW | $2.60 | $14,566 | $16,612 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $21,122 | 11.5 years |
| 12 kW | $2.50 | $20,992 | $25,775 | 11.2 years |
| 14 kW | $2.45 | $23,990 | $30,571 | 11.0 years |
| 16 kW | $2.40 | $26,846 | $35,509 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,590 | 10.5 years |
| 20 kW | $2.29 | $32,130 | $45,814 | 10.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: If you're concerned about the durability of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Reputation: Make sure your solar system installer has a good reputation by verifying 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 Coatesville, PA Solar Cost FAQs
What is the average cost of installing solar panels in Coatesville?
The average cost of solar panels in Coatesville 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Coatesville?
A solar panel system isn't free in Coatesville, 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 you can take advantage of.
Can solar panels completely eradicate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Coatesville, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for 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 take a 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 get between 20 and 35 panels to account for 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.