Solar Panel Cost Guide in Exeter, PA (Sep 2022)
- Exeter Solar Installation Cost: $11,870
- 25-Year Savings: $13,937
- Payback Period: 11.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated 9/16/2022
Why you can trust EcoWatch
Average Cost of Solar Panels in Exeter
See how much it might cost to switch to solar power in Exeter.
The national average cost of solar panels is $2.66 per watt, but in Exeter it's $3 per watt. The average solar panel system size in Exeter is around 6.7 kilowatts, meaning a cost of about $11,870 for a solar installation, or $8,784 after the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Exeter depending on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire. Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Exeter can save around $15,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Exeter for a customized estimate.
Solar savings over time in Exeter
| Year | Return on Investment |
|---|---|
| 1 years | $-10,838 |
| 3 years | $-8,773 |
| 5 years | $-6,709 |
| 7 years | $-4,644 |
| 9 years | $-2,580 |
| 11 years | $-515 |
| 13 years | $1,549 |
| 15 years | $3,614 |
| 17 years | $5,679 |
| 19 years | $7,743 |
| 21 years | $9,808 |
| 23 years | $11,872 |
| 25 years | $13,937 |
Top Solar Installers in Exeter
Many homeowners choose to use a solar panel installer since figuring out how to install solar panels yourself can be challenging. The expertise that solar companies provide can be invaluable as well, particularly if you don't quite know what kind of solar equipment would be right for your home.
If you're looking for a solar installer in Exeter, 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
Best Technology
The Green Panel
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Exeter
Factors that Affect Solar Panel Costs in Exeter
Though the average cost of solar panels in Exeter is $11,870, your final cost may differ. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment Size
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size. Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,550. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Exeter offer solar loans, which reduce the initial cost of installing solar panels. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Exeter is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for instance, you'll have no shortage of solar installers that offer a range of services at different costs. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. 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 size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.65 | $11,138 | $12,142 | 12.0 years |
| 8 kW | $2.60 | $14,566 | $16,475 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $20,951 | 11.5 years |
| 12 kW | $2.50 | $20,992 | $25,570 | 11.3 years |
| 14 kW | $2.45 | $23,990 | $30,331 | 11.0 years |
| 16 kW | $2.40 | $26,846 | $35,235 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,282 | 10.6 years |
| 20 kW | $2.29 | $32,130 | $45,472 | 10.4 years |
Solar Incentives in Exeter
| Name | High Performance Buildings Incentive Program |
| Website | Visit here |
| More Info | Click here |
| Name | First Energy (MetEdison, Penelec, Penn Power, West Penn Power) - Residential Solar Water Heating Program |
| Incentive Amount | $500 |
| Website | Visit here |
| More Info | Click here |
| Name | City of Philadelphia - Solar Rebate Program |
| Website | Visit here |
| More Info | Click here |
| Name | FirstEnergy (MetEdison, Penelec, Penn Power, West Penn Power) - Residential Energy Efficiency Programs |
| Website | Visit here |
| More Info | Click here |
| Name | Wind and Geothermal Incentives Program |
| Website | Visit here |
| More Info | Click here |
| Name | Solar Alternative Energy Credits |
| Website | Visit here |
| More Info | Click here |
| Name | High Performance Building Incentives Program |
| Website | Visit here |
| More Info | Click here |
| Name | Residential Renewable Energy Tax Credit |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy 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: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
The Green Panel
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Exeter, PA Solar Cost FAQs
How much does it cost to install solar panels in Exeter?
The average cost of solar panels in Exeter 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 like the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Exeter?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on energy bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Exeter, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
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 their energy production will have decreased significantly after that point. You can opt to replace them after having 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.
