Solar Panel Cost Guide in Montgomeryville, PA (2024 Update)
- Montgomeryville Solar Installation Cost: $16,365
- 25-Year Savings: $16,635
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Montgomeryville
Find out what the average cost of a solar system is in Montgomeryville.
The average cost of a solar panel system in Montgomeryville is 4 per watt.To account for the typical energy needs of the average home in Montgomeryville, most homeowners require a 6.6-kilowatt system. Using the figure above, a solar installation costs around $16,365, or $23,402 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Montgomeryville homeowners. 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.But, after you've paid the upfront cost of installation, the ROI for most homeowners is quite fruitful, with a net average savings of about $16,000 over 20 years on electricity bills.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Montgomeryville
Year | Return on Investment |
---|---|
1 years | $-15,047 |
3 years | $-12,411 |
5 years | $-9,775 |
7 years | $-7,139 |
9 years | $-4,503 |
11 years | $-1,867 |
13 years | $769 |
15 years | $3,404 |
17 years | $6,040 |
19 years | $8,676 |
21 years | $11,312 |
23 years | $13,948 |
25 years | $16,584 |
Top Solar Installers in Montgomeryville
Many homeowners decide to use a solar installer since figuring out how to install solar panels yourself can be time-consuming. Another good thing about going with a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
You can work with a local solar installer to get a free estimate 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Montgomeryville
Factors that Affect Solar Panel Costs in Montgomeryville
There are a number of criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,550 per kilowatt in Montgomeryville.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Montgomeryville, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.Even though solar loans make switching to solar energy more accessible for Montgomeryville homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Montgomeryville, and each can charge varying amounts for labor and equipment.Additionally, some companies in Montgomeryville 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 | $3.69 | $15,506 | $10,360 | 15.0 years |
8 kW | $3.62 | $20,278 | $14,210 | 14.7 years |
10 kW | $3.55 | $24,850 | $18,260 | 14.4 years |
12 kW | $3.48 | $29,224 | $22,508 | 14.1 years |
14 kW | $3.41 | $33,398 | $26,955 | 13.8 years |
16 kW | $3.34 | $37,374 | $31,601 | 13.5 years |
18 kW | $3.27 | $41,152 | $36,446 | 13.3 years |
20 kW | $3.19 | $44,730 | $41,490 | 13.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: If you care about the endurance of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar system installers 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.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Montgomeryville, PA Solar Cost FAQs
How much does it cost to install solar panels in Montgomeryville?
The average cost of solar panels in Montgomeryville is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Does Montgomeryville have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How often do you have to replace solar panels?
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 larger 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.