Solar Panel Cost Guide in Hereford, PA (2023 Update)
- Hereford Solar Installation Cost: $11,870
- 25-Year Savings: $13,133
- Payback Period: 11.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hereford
Find out what the average cost of installing solar panels is in Hereford.
In Hereford, solar panels cost about 2.55 per watt on average. The average solar panel system size in Hereford is around 6.7 kilowatts, meaning a cost of about $11,870 for a solar installation, or $16,974 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary based on several factors, such as how many panels you need, your energy usage and what company you go with. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $14,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Hereford that can help you get a more accurate cost estimate for your home.
Solar savings over time in Hereford
| Year | Return on Investment |
|---|---|
| 1 years | $-10,870 |
| 3 years | $-8,870 |
| 5 years | $-6,870 |
| 7 years | $-4,869 |
| 9 years | $-2,869 |
| 11 years | $-869 |
| 13 years | $1,132 |
| 15 years | $3,132 |
| 17 years | $5,132 |
| 19 years | $7,132 |
| 21 years | $9,133 |
| 23 years | $11,133 |
| 25 years | $13,133 |
Top Solar Installers in Hereford
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar panel installer can make switching to solar power much easier. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Hereford:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Hereford
Factors that Affect Solar Panel Costs in Hereford
The cost of installing a solar system in Hereford can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. There are several different solar panel brands and the one you choose also changes the cost. Usually, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Hereford, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's a good idea 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 company you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Hereford, and each can charge different amounts for labor and equipment. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access 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 promotion 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 | $11,417 | 12.3 years |
| 8 kW | $2.60 | $14,566 | $15,509 | 12.1 years |
| 10 kW | $2.55 | $17,850 | $19,743 | 11.9 years |
| 12 kW | $2.50 | $20,992 | $24,120 | 11.6 years |
| 14 kW | $2.45 | $23,990 | $28,640 | 11.4 years |
| 16 kW | $2.40 | $26,846 | $33,303 | 11.2 years |
| 18 kW | $2.35 | $29,560 | $38,108 | 10.9 years |
| 20 kW | $2.29 | $32,130 | $43,056 | 10.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: Before you sign a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Hereford, PA Solar Cost FAQs
What is the average cost of installing solar panels in Hereford?
This is a tough question to answer precisely, because the cost depends on a variety of 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 higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Hereford?
You can't get solar panels for free in Hereford. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.