Solar Panel Cost Guide in Lionville, PA (2023 Update)
- Lionville Solar Installation Cost: $11,669
- 25-Year Savings: $14,976
- Payback Period: 10.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lionville
Find out what the average cost of solar panel installation is in Lionville.
Although the national average of solar panels is $2.66 per watt, solar panels in Lionville typically cost about 2.55. The average Lionville homeowner needs a 6.5-kilowatt system, which would cost about $11,674 with the federal tax credit, or $16,694 before the 30% tax credit is applied.
These figures are just averages, and your own solar costs may differ based on your specific situation and what company you go with. Even with the significant upfront cost, the average Lionville homeowner can save about $15,000 on their energy bills over 20 years, which is one of the benefits of solar.
To get a free quote from a pre-vetted solar installation company in Lionville, you can click the button below.
Solar savings over time in Lionville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,581 |
| 3 years | $-11,403 |
| 5 years | $-11,225 |
| 7 years | $-11,048 |
| 9 years | $-10,870 |
| 11 years | $-10,692 |
| 13 years | $-10,515 |
| 15 years | $-10,337 |
| 17 years | $-10,159 |
| 19 years | $-9,982 |
| 21 years | $-9,804 |
| 23 years | $-9,627 |
| 25 years | $-9,449 |
Top Solar Installers in Lionville
When switching to solar energy, many homeowners opt to use a solar installation company since putting up solar panels yourself can be a challenging project. The expertise that solar installers provide can be useful as well, especially if you aren't sure what kind of solar equipment you need.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Lionville
Factors that Affect Solar Panel Costs in Lionville
While the average cost of a solar system in Lionville is $11,674, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of solar panels in Lionville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by around $2,550 for each additional kilowatt you need. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid choice because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can impact your pricing. Lionville's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $13,316 | 11.4 years |
| 8 kW | $2.60 | $14,566 | $18,041 | 11.2 years |
| 10 kW | $2.55 | $17,850 | $22,908 | 10.9 years |
| 12 kW | $2.50 | $20,992 | $27,918 | 10.7 years |
| 14 kW | $2.45 | $23,990 | $33,070 | 10.5 years |
| 16 kW | $2.40 | $26,846 | $38,366 | 10.3 years |
| 18 kW | $2.35 | $29,560 | $43,804 | 10.1 years |
| 20 kW | $2.29 | $32,130 | $49,385 | 9.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose significantly affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable 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 good reviews from previous customers.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
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 Lionville, PA Solar Cost FAQs
How much does it cost to install solar panels in Lionville?
This is a tough question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely 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 installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $815.15 per year.
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.