Solar Panel Cost Guide in Fallowfield, PA (2023 Update)
- Fallowfield Solar Installation Cost: $12,316
- 25-Year Savings: $9,966
- Payback Period: 13.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Fallowfield
Find out what the average cost of solar panel installation is in Fallowfield.
In Fallowfield, solar panels cost about 2.55 per watt on average. Since a 6.9-kW system is needed to cover the energy consumption of a typical home in Fallowfield, the average price of going solar will be about $12,316 after claiming the federal solar tax credit of 30%.
These figures are only averages, and the cost of going solar for you may vary based on your energy needs and what company you choose to go with. For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Fallowfield see about $12,000 in savings on energy bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Fallowfield
| Year | Return on Investment |
|---|---|
| 1 years | $-11,425 |
| 3 years | $-9,643 |
| 5 years | $-7,860 |
| 7 years | $-6,077 |
| 9 years | $-4,295 |
| 11 years | $-2,512 |
| 13 years | $-730 |
| 15 years | $1,053 |
| 17 years | $2,836 |
| 19 years | $4,618 |
| 21 years | $6,401 |
| 23 years | $8,183 |
| 25 years | $9,966 |
Top Solar Installers in Fallowfield
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with a solar panel installer can make converting to solar power much easier. Companies can also offer access to a large variety of the best solar panels and help you pick which one will be best for your family.
If you'd like to go solar but still aren't sure which solar installer to go with, here are our recommendations for providers near you:
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 Fallowfield
Factors that Affect Solar Panel Costs in Fallowfield
Although the average cost of a solar system in Fallowfield is $12,316, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require 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 type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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 bump up your total well above the Fallowfield average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact how much you pay. Fallowfield's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount 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 | $8,231 | 14.4 years |
| 8 kW | $2.60 | $14,566 | $11,260 | 14.1 years |
| 10 kW | $2.55 | $17,850 | $14,432 | 13.8 years |
| 12 kW | $2.50 | $20,992 | $17,747 | 13.5 years |
| 14 kW | $2.45 | $23,990 | $21,204 | 13.3 years |
| 16 kW | $2.40 | $26,846 | $24,805 | 13.0 years |
| 18 kW | $2.35 | $29,560 | $28,548 | 12.7 years |
| 20 kW | $2.29 | $32,130 | $32,434 | 12.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before deciding.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, 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
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 Fallowfield, PA Solar Cost FAQs
How much does it cost to install solar panels in Fallowfield?
The average cost of solar panels in 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 like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important 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.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Fallowfield is currently $124,140, so you can look forward to a value of about $5,090 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Fallowfield is a rewarding investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 install 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.