Solar Panel Cost Guide in Horsham, PA (2023 Update)
- Horsham Solar Installation Cost: $11,755
- 25-Year Savings: $14,891
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Horsham
We break down average solar pricing in Horsham.
The average cost of solar panels in Horsham is 2.55 per watt. To cover the typical energy needs of the average home in Horsham, most homeowners require a 6.6-kilowatt system. Using the per-watt 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 figures above are only estimates based on the average energy use of Horsham homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $15,000 over 20 years on utility bills.
Click the button below to get connected to a highly rated solar installer in your area for a customized quote.
Solar savings over time in Horsham
| Year | Return on Investment |
|---|---|
| 1 years | $-10,454 |
| 3 years | $-7,851 |
| 5 years | $-5,248 |
| 7 years | $-2,645 |
| 9 years | $-43 |
| 11 years | $2,560 |
| 13 years | $5,163 |
| 15 years | $7,765 |
| 17 years | $10,368 |
| 19 years | $12,971 |
| 21 years | $15,573 |
| 23 years | $18,176 |
| 25 years | $20,779 |
Top Solar Installers in Horsham
When making the switch to solar, many homeowners opt to use a solar company since overseeing your solar installation yourself can be a challenging project. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.
There are a number of licensed solar professionals that can install solar panels for you. 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
See all of the solar companies in Horsham
Factors that Affect Solar Panel Costs in Horsham
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Horsham: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater 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. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Horsham, 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
Many homeowners find the average cost of solar in Horsham to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time due to interest. Although solar loans make switching to solar energy more accessible for Horsham homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Horsham, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. 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 add-on 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 | $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
Since the brand of solar panels and the company you choose greatly affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. 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 be sure to ask for their list of offerings before deciding.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
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 Horsham, PA Solar Cost FAQs
What is the average cost of installing solar panels in Horsham?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Horsham, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Horsham?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.