Solar Panel Cost Guide in Jenkintown, PA (Oct 2022)

  • Jenkintown Solar Installation Cost: $11,763
  • 25-Year Savings: $14,882
  • Payback Period: 11.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Jenkintown

Find out what the average cost of solar panel installation is in Jenkintown.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Jenkintown, the average cost of a solar system is $3 per watt. Using this figure, a typical 6.6 would cost about $11,763 before the 30% federal solar tax credit is applied.

These figures are just estimates, and how much solar costs for you may look different based on factors unique to your home and what company you go with. Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Jenkintown can save about $15,000 on their electricity bills over 20 years.

To calculate your potential savings and connect with a local solar company, click the button below.

Solar savings over time in Jenkintown

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 Jenkintown

Many homeowners opt for a solar installer since installing solar panels by yourself can be challenging. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.

If you're looking for a solar installer in Jenkintown, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Jenkintown

Factors that Affect Solar Panel Costs in Jenkintown

While the average cost of solar panels in Jenkintown is $11,763, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.

Solar Equipment Size

The size of the solar panel system you need is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,550. The kind of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.

Solar Financing Terms

Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Jenkintown homeowners choose to finance their solar panel systems to make paying for solar more affordable. It's a good idea to factor 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 the amount of time it'll take to pay back the loan.

Solar Panel Installation Company

The final major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Jenkintown, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. The company's size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes 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

Solar Incentives in Jenkintown

Name High Performance Buildings Incentive Program
Website Visit here
More Info Click here

Name City of Philadelphia - Solar Rebate Program
Website Visit here
More Info Click here

Name Wind and Geothermal Incentives Program
Website Visit here
More Info Click here

Name Solar Alternative Energy Credits
Website Visit here
More Info Click here

Name High Performance Building Incentives Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:

  • Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two 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 previous customers.
  • Contract: Read the contract terms closely to make sure you understand the overall cost, project timeline incentives and warranties.
  • 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 access to the exact one you may want or need, so be sure to peruse their list of options before deciding.
  • Warranty: If you're worried about the durability of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Jenkintown, PA Solar Cost FAQs

How much does it cost to install solar panels in Jenkintown?

This is a tough question to answer precisely, because the cost depends on many 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. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.

Is cost the most important consideration when buying solar panels?

Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.

How will installing solar panels impact my home value?

Solar panels can increase the value of your home considerably 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."

How long do solar panels last in Jenkintown?

On average, solar panels can last 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 amount 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.

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