Solar Panel Cost Guide in Collegeville, PA (2024 Update)

  • Collegeville Solar Installation Cost: $16,365
  • 25-Year Savings: $14,891
  • Payback Period: 15.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 20, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Collegeville

Here’s how much it might cost to switch to solar power in Collegeville.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Collegeville, the average cost of solar panels is 4 per watt.Since a 6.6-kW system is needed to cover the energy needs of a typical home in Collegeville, the average price of going solar will be about $16,365 after claiming the federal solar tax credit of 0.

The true cost of your system can be higher or lower than the average in Collegeville based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $15,000 over 20 years on utility bills.

You can click the button below to get connected with a top solar installer in Collegeville for a quote for your home.

Solar savings over time in Collegeville

YearReturn on Investment
1 years$-15,074
3 years$-12,494
5 years$-9,913
7 years$-7,333
9 years$-4,752
11 years$-2,172
13 years$409
15 years$2,990
17 years$5,570
19 years$8,151
21 years$10,731
23 years$13,312
25 years$15,892

Top Solar Installers in Collegeville

DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Taking advantage of an installer can make swapping over to solar power much easier. Some solar companies, especially local ones, can help you better understand incentives in Collegeville, therefore optimizing your ROI.

You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Collegeville:

Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0
  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Collegeville

Factors that Affect Solar Panel Costs in Collegeville

For many Collegeville homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Collegeville, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,550 per kilowatt in Collegeville.The type of solar equipment you choose can bring your price up or down 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, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, like solar batteries, can bring your total well above the Collegeville average.

Solar Financing Terms

Many homeowners find the average cost of solar in Collegeville to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time due to interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.

Solar Panel Installation Company

The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating in Collegeville, and each can charge varying amounts for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — 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 has the products, warranties and services you want and also fits within your budget.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.69$15,506$8,77116.0 years
8 kW$3.62$20,278$12,09215.7 years
10 kW$3.55$24,850$15,61215.4 years
12 kW$3.48$29,224$19,33015.0 years
14 kW$3.41$33,398$23,24814.7 years
16 kW$3.34$37,374$27,36414.4 years
18 kW$3.27$41,152$31,67914.1 years
20 kW$3.19$44,730$36,19313.8 years

How to Save on Solar Panels

There are numerous companies to choose from in Collegeville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:

  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
  • Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
  • Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering such a warranty is one mark of a quality company.

Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0
  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Collegeville, PA Solar Cost FAQs

What is the average cost of installing solar panels in Collegeville?

This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Is it better to lease or buy solar panels in Collegeville?

Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.

Is it worth going solar in Collegeville?

Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.

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 how much 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 buy 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.