Solar Panel Cost Guide in East Fallowfield, PA (2023 Update)
- East Fallowfield Solar Installation Cost: $11,669
- 25-Year Savings: $13,809
- Payback Period: 11.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in East Fallowfield
We break down average solar pricing in East Fallowfield.
The national average cost of solar panels is $2.66 per watt, but in East Fallowfield it's 2.55 per watt. The average East Fallowfield homeowner needs a 6.5-kilowatt system, which would cost about $11,674 with the federal tax credit, or $16,694 before the 30% tax credit is applied.
How much you pay can go higher or lower than the average in East Fallowfield depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire. With average savings of about $15,000 on utility bills over 20 years, many homeowners in East Fallowfield find going solar can be quite rewarding.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in East Fallowfield
| Year | Return on Investment |
|---|---|
| 1 years | $-11,584 |
| 3 years | $-11,415 |
| 5 years | $-11,245 |
| 7 years | $-11,075 |
| 9 years | $-10,905 |
| 11 years | $-10,735 |
| 13 years | $-10,565 |
| 15 years | $-10,395 |
| 17 years | $-10,226 |
| 19 years | $-10,056 |
| 21 years | $-9,886 |
| 23 years | $-9,716 |
| 25 years | $-9,546 |
Top Solar Installers in East Fallowfield
Many homeowners opt for a solar panel company since installing solar panels yourself can be time-consuming. In addition, if you'd like to maximize your investment in solar, opting for a solar company can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
If you're searching for a solar company in East Fallowfield, we've compiled 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 East Fallowfield
Factors that Affect Solar Panel Costs in East Fallowfield
There are many criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,550 per kilowatt in East Fallowfield. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like East Fallowfield, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Though solar loans make switching to solar energy more accessible for East Fallowfield homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in East Fallowfield, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in East Fallowfield have more knowledge about local solar incentives and can help you take advantage 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 end up saving you 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 | $12,245 | 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
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely offer good-quality solar panel installation and expertise.
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 East Fallowfield, PA Solar Cost FAQs
What is the average cost of installing solar panels in East Fallowfield?
The average cost of solar panels in East Fallowfield is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in East Fallowfield?
Leasing solar panels can be an attractive choice, because it often 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in East Fallowfield?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.