Solar Panel Cost Guide in Croydon, PA (2023 Update)
- Croydon Solar Installation Cost: $11,751
- 25-Year Savings: $14,894
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Croydon
Find out what the average cost of a solar system is in Croydon.
In Croydon, solar panels cost about 2.55 per watt on average. To cover the typical energy usage of the average home in Croydon, most homeowners require a 6.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,745, or $16,795 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Croydon homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find installing a solar system is a sound investment. The average homeowner in Croydon can save around $15,000 on their energy bills over 20 years.
To get a free estimate from a pre-vetted solar installation company in Croydon, you can click the button below.
Solar savings over time in Croydon
| Year | Return on Investment |
|---|---|
| 1 years | $-11,663 |
| 3 years | $-11,485 |
| 5 years | $-11,307 |
| 7 years | $-11,130 |
| 9 years | $-10,952 |
| 11 years | $-10,774 |
| 13 years | $-10,597 |
| 15 years | $-10,419 |
| 17 years | $-10,241 |
| 19 years | $-10,064 |
| 21 years | $-9,886 |
| 23 years | $-9,709 |
| 25 years | $-9,531 |
Top Solar Installers in Croydon
Many homeowners choose to use a solar installer since figuring out how to install solar panels yourself can be a lot of work. Companies can also have access to various kinds of the best solar panels and help you pick which one will be best for your home.
If you're searching for a solar installer in Croydon, we've 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
See all of the solar companies in Croydon
Factors that Affect Solar Panel Costs in Croydon
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Croydon: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,550. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can play a role in determining your pricing. Croydon's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger 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 | $13,146 | 11.5 years |
| 8 kW | $2.60 | $14,566 | $17,813 | 11.2 years |
| 10 kW | $2.55 | $17,850 | $22,623 | 11.0 years |
| 12 kW | $2.50 | $20,992 | $27,576 | 10.8 years |
| 14 kW | $2.45 | $23,990 | $32,672 | 10.6 years |
| 16 kW | $2.40 | $26,846 | $37,911 | 10.4 years |
| 18 kW | $2.35 | $29,560 | $43,293 | 10.1 years |
| 20 kW | $2.29 | $32,130 | $48,817 | 9.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose considerably influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
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 Croydon, PA Solar Cost FAQs
What is the average cost of installing solar panels in Croydon?
The average cost of solar panels in Croydon 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 certain factors like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Does Croydon have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.