Solar Panel Cost Guide in Hatboro, PA (2023 Update)
- Hatboro Solar Installation Cost: $11,763
- 25-Year Savings: $14,882
- Payback Period: 11.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hatboro
Find out what the average cost of solar panel installation is in Hatboro.
The national average cost of solar panels is $2.66 per watt, but in Hatboro it's 2.55 per watt. To cover the typical energy usage of the average home in Hatboro, most homeowners require a 6.6-kilowatt system. Using the figure above, a solar installation costs around $11,763, or $16,821 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of solar system you want, your solar contractor and more. With average savings of about $15,000 on power bills over 20 years, many homeowners in Hatboro find installing solar panels can pay off big.
You can click the button below to get connected with a vetted solar company in Hatboro that can help you get a more accurate cost estimate for your home.
Solar savings over time in Hatboro
| Year | Return on Investment |
|---|---|
| 1 years | $-10,697 |
| 3 years | $-8,566 |
| 5 years | $-6,434 |
| 7 years | $-4,302 |
| 9 years | $-2,171 |
| 11 years | $-39 |
| 13 years | $2,093 |
| 15 years | $4,224 |
| 17 years | $6,356 |
| 19 years | $8,487 |
| 21 years | $10,619 |
| 23 years | $12,751 |
| 25 years | $14,882 |
Top Solar Installers in Hatboro
Although you can install solar panels on your own, it takes extra time and know-how. That's why almost all homeowners choose a solar panel installer. Some solar companies, particularly local ones, can help you better understand incentives in Hatboro, optimizing your ROI.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Hatboro
Factors that Affect Solar Panel Costs in Hatboro
Even though the average cost of a solar system in Hatboro is $11,763, your actual cost may differ. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $2,550 per kilowatt in Hatboro. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Hatboro, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Hatboro homeowners opt to finance their solar panel systems to make paying for solar more affordable. Although solar loans make going solar more accessible for Hatboro homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Hatboro, you'll have many options to choose from, but each comes at various price points for labor and equipment. The company's size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $13,139 | 11.5 years |
| 8 kW | $2.60 | $14,566 | $17,804 | 11.2 years |
| 10 kW | $2.55 | $17,850 | $22,612 | 11.0 years |
| 12 kW | $2.50 | $20,992 | $27,562 | 10.8 years |
| 14 kW | $2.45 | $23,990 | $32,656 | 10.6 years |
| 16 kW | $2.40 | $26,846 | $37,892 | 10.4 years |
| 18 kW | $2.35 | $29,560 | $43,271 | 10.1 years |
| 20 kW | $2.29 | $32,130 | $48,793 | 9.9 years |
How to Save on Solar Panels
The solar company you choose will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
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 Hatboro, PA Solar Cost FAQs
How much does it cost to install solar panels in Hatboro?
The average cost of solar panels in Hatboro 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.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Hatboro is currently $290,900, so you could be looking at a value of about $11,927 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Hatboro is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.