Solar Panel Cost Guide in Folcroft, PA (Jan 2023)
- Folcroft Solar Installation Cost: $11,620
- 25-Year Savings: $15,025
- Payback Period: 10.9 Years
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Top Solar Installers in Folcroft
Although it's possible to install solar panels by yourself, it requires extra energy and expertise. Because of that, most homeowners choose to go with a solar panel installer. Plus, if you're unsure what kind of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
If you'd like to start using solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers near you:
See all of the solar companies in Folcroft
Factors that Affect Solar Panel Costs in Folcroft
For many Folcroft homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Folcroft, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Folcroft, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Folcroft have solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may see national solar installers that have lower prices due to their larger brand name and access to bulk 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||$13,415||11.3 years|
|8 kW||$2.60||$14,566||$18,172||11.1 years|
|10 kW||$2.55||$17,850||$23,072||10.9 years|
|12 kW||$2.50||$20,992||$28,114||10.7 years|
|14 kW||$2.45||$23,990||$33,300||10.5 years|
|16 kW||$2.40||$26,846||$38,628||10.3 years|
|18 kW||$2.35||$29,560||$44,100||10.0 years|
|20 kW||$2.29||$32,130||$49,713||9.8 years|
How to Save on Solar Panels
Since the kind of solar panels and the company you choose greatly affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: The type of solar panel you'd like plays a role in which company you should opt for, since different companies have access to different panels.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
EcoWatch's Folcroft, PA Solar Cost FAQs
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.