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Top Solar Installers in Londonderry
Although it's possible to install solar panels by yourself, it requires extra energy and knowledge. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
See all of the solar companies in Londonderry
Factors that Affect Solar Panel Costs in Londonderry
The cost of installing a solar system in Londonderry can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment Size
System size is one of the largest factors that affects the overall cost of installing solar panels. That's why it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can affect the cost. Londonderry's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Londonderry know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$11,154||12.5 years|
|8 kW||$2.60||$14,566||$15,157||12.3 years|
|10 kW||$2.55||$17,850||$19,303||12.0 years|
|12 kW||$2.50||$20,992||$23,592||11.8 years|
|14 kW||$2.45||$23,990||$28,024||11.5 years|
|16 kW||$2.40||$26,846||$32,599||11.3 years|
|18 kW||$2.35||$29,560||$37,316||11.1 years|
|20 kW||$2.29||$32,130||$42,177||10.8 years|
Solar Incentives in Londonderry
|Name||Solar Alternative Energy Credits|
|Incentive Amount||Varies based on market conditions; during 2015 the market price for PA-sourced SRECs has ranged from approximately $32 - $55/MWh ($0.032 - $0.055/kWh) although individual trades have taken place at substantially lower and higher prices.|
|Incentive Max||Varies based on market conditions; SACP does not represent a price ceiling because it is only determined after the fact|
|More Info||Click here|
|Name||High Performance Building Incentives Program|
|Incentive Amount||Vary by project, but program generally requires matching funds at least equivalent to DCED funding|
|Incentive Max|| Residential loans/loan guarantees: $100,000 |
Commercial loans/loan guarantees: $2 million
Grants: Lesser of 10% of project costs or $500,000
|More Info||Click here|
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Solar Panel Brands: The model of solar panel you need to get plays a role in which installer you should opt for, since different companies offer different panels.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
EcoWatch's Londonderry, PA Solar Cost FAQs
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.