Solar Panel Cost Guide in Laureldale, PA (2024 Update)
- Laureldale Solar Installation Cost: $16,528
- 25-Year Savings: $13,725
- Payback Period: 16.1 Years
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Average Cost of Solar Panels in Laureldale
Here’s how much it might cost to install solar panels in Laureldale.
The national average cost of solar panels is $2.66 per watt, but in Laureldale it’s 4 per watt.The average solar panel system size in Laureldale is around 6.7 kilowatts, meaning a cost of about $16,528 for a solar installation, or $23,635 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Laureldale homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $15,000 on power bills over 20 years, many homeowners in Laureldale find installing solar panels can pay off big.
Click the button below to get connected to a highly rated solar panel company in Laureldale for a personalized quote.
Solar savings over time in Laureldale
Year | Return on Investment |
---|---|
1 years | $-15,285 |
3 years | $-12,799 |
5 years | $-10,313 |
7 years | $-7,827 |
9 years | $-5,341 |
11 years | $-2,855 |
13 years | $-369 |
15 years | $2,117 |
17 years | $4,603 |
19 years | $7,089 |
21 years | $9,575 |
23 years | $12,061 |
25 years | $14,547 |
Top Solar Installers in Laureldale
Although you can install solar panels by yourself, it involves extra labor and knowledge. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
If you're looking for a solar installer in Laureldale, the EcoWatch team has organized a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Laureldale
Factors that Affect Solar Panel Costs in Laureldale
Although the average cost of a solar system in Laureldale is $16,528, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,550. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Laureldale, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of 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 power bills over many years, but they can also be a big investment. That’s why many Laureldale homeowners opt to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your total costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Laureldale, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that provides the products, warranties and services you’re looking for and also fit into your budget.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.69 | $15,506 | $7,585 | 16.8 years |
8 kW | $3.62 | $20,278 | $10,511 | 16.5 years |
10 kW | $3.55 | $24,850 | $13,636 | 16.1 years |
12 kW | $3.48 | $29,224 | $16,960 | 15.8 years |
14 kW | $3.41 | $33,398 | $20,482 | 15.5 years |
16 kW | $3.34 | $37,374 | $24,203 | 15.2 years |
18 kW | $3.27 | $41,152 | $28,123 | 14.9 years |
20 kW | $3.19 | $44,730 | $32,242 | 14.5 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project timeline.
- Reputation: Companies that have been in business for many years likely have a solid 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.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: Before signing a contract with a solar installer, 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 to do if a part breaks or malfunctions and if there are any guarantees about energy production.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Laureldale, PA Solar Cost FAQs
What is the average cost of installing solar panels in Laureldale?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Laureldale?
You can’t get solar panels for free in Laureldale. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact the value of my home?
Solar panels can increase your property’s value 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% with a solar installation."
How often do you have to replace solar panels?
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 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.