Solar Panel Cost Guide in Exton, PA (Mar 2023)
- Exton Solar Installation Cost: $11,674
- 25-Year Savings: $14,972
- Payback Period: 10.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Exton
We go over average solar pricing in Exton.
The average cost of a solar system in Exton is 2.55 per watt. The average solar panel system size in Exton is around 6.5 kilowatts, meaning a cost of about $11,674 for a solar installation, or $16,694 before the 30% federal solar tax credit is applied.
The true price you pay can be above or below the average in Exton depending on several factors, such as the model of solar panels you choose and the solar installer you hire. Many homeowners find going solar is a sound investment. The average homeowner in Exton can save around $15,000 on their energy bills over 20 years.
Click the button below to get connected to a reputable solar company in your area for a custom quote.
Solar savings over time in Exton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,608 |
| 3 years | $-8,476 |
| 5 years | $-6,345 |
| 7 years | $-4,213 |
| 9 years | $-2,082 |
| 11 years | $50 |
| 13 years | $2,182 |
| 15 years | $4,313 |
| 17 years | $6,445 |
| 19 years | $8,577 |
| 21 years | $10,708 |
| 23 years | $12,840 |
| 25 years | $14,972 |
Top Solar Installers in Exton
Many homeowners opt for a solar panel company since installing solar panels by yourself can be a lot of work. The expertise that solar installers offer can be invaluable as well, especially if you aren't sure what brand of solar equipment you need.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
Tesla Energy
- 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 Exton
Factors that Affect Solar Panel Costs in Exton
For many Exton homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Exton, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Exton, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,550 for each additional kilowatt you need. The kind of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Exton, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's a good idea to include 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 off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Exton is the company you choose to install your solar system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services for different budgets. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $13,316 | 11.4 years |
| 8 kW | $2.60 | $14,566 | $18,041 | 11.2 years |
| 10 kW | $2.55 | $17,850 | $22,908 | 10.9 years |
| 12 kW | $2.50 | $20,992 | $27,918 | 10.7 years |
| 14 kW | $2.45 | $23,990 | $33,070 | 10.5 years |
| 16 kW | $2.40 | $26,846 | $38,366 | 10.3 years |
| 18 kW | $2.35 | $29,560 | $43,804 | 10.1 years |
| 20 kW | $2.29 | $32,130 | $49,385 | 9.9 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Contract: Read the contract terms carefully to make sure you understand the overall cost, project timeline rebates and warranties.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which installer you should choose, since different companies have different panels.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
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
Tesla Energy
- 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 Exton, PA Solar Cost FAQs
What is the average cost of installing solar panels in Exton?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Exton, that will require at least a 10-kW system. Not all homes 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?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.