Solar Panel Cost Guide in Hatfield, PA (2023 Update)
- Hatfield Solar Installation Cost: $11,763
- 25-Year Savings: $16,108
- Payback Period: 10.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hatfield
Find out how much it might cost to switch to solar power in Hatfield.
While the national average of solar panels is $2.66 per watt, solar panels in Hatfield typically cost around 2.55. The average Hatfield homeowner needs a 6.6-kilowatt system, which would cost about $11,763 with the federal tax credit, or $16,821 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of going solar can vary depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with. But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $16,000 over 20 years on electricity bills.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Hatfield
| Year | Return on Investment |
|---|---|
| 1 years | $-10,648 |
| 3 years | $-8,419 |
| 5 years | $-6,189 |
| 7 years | $-3,959 |
| 9 years | $-1,730 |
| 11 years | $500 |
| 13 years | $2,730 |
| 15 years | $4,959 |
| 17 years | $7,189 |
| 19 years | $9,419 |
| 21 years | $11,648 |
| 23 years | $13,878 |
| 25 years | $16,108 |
Top Solar Installers in Hatfield
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of an installer can make converting to solar power much easier. Plus, if you're not certain what brand of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can take care of your solar installation project. 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 Hatfield
Factors that Affect Solar Panel Costs in Hatfield
For many Hatfield homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Hatfield, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Hatfield, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Hatfield homeowners choose to finance their solar panel systems to make paying for solar more affordable. It's wise to add 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 how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installation company you choose will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $14,255 | 11.0 years |
| 8 kW | $2.60 | $14,566 | $19,292 | 10.8 years |
| 10 kW | $2.55 | $17,850 | $24,472 | 10.5 years |
| 12 kW | $2.50 | $20,992 | $29,795 | 10.3 years |
| 14 kW | $2.45 | $23,990 | $35,260 | 10.1 years |
| 16 kW | $2.40 | $26,846 | $40,869 | 9.9 years |
| 18 kW | $2.35 | $29,560 | $46,620 | 9.7 years |
| 20 kW | $2.29 | $32,130 | $52,514 | 9.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- 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 adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: If you care about the endurance of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Hatfield, PA Solar Cost FAQs
How much does it cost to install solar panels in Hatfield?
The average cost of solar panels in Hatfield is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors 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 think about when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Hatfield?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Hatfield?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using 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.