Solar Panel Cost Guide in Narberth, PA (2024 Update)
- Narberth Solar Installation Cost: $16,365
- 25-Year Savings: $14,891
- Payback Period: 15.4 Years
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Average Cost of Solar Panels in Narberth
We break down average solar pricing in Narberth.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Narberth, the typical cost of solar panels is 4 per watt.To account for the typical energy usage of the average home in Narberth, most homeowners require a 6.6-kilowatt system. Using the figure above, a solar installation costs about $16,365, or $23,402 before the federal solar tax credit of 0 is applied.
How much you pay can go higher or lower than the average in Narberth based on several factors, such as the brand of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Narberth see about $15,000 in savings on energy bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Narberth for a custom quote.
Solar savings over time in Narberth
| Year | Return on Investment |
|---|---|
| 1 years | $-15,074 |
| 3 years | $-12,494 |
| 5 years | $-9,913 |
| 7 years | $-7,333 |
| 9 years | $-4,752 |
| 11 years | $-2,172 |
| 13 years | $409 |
| 15 years | $2,990 |
| 17 years | $5,570 |
| 19 years | $8,151 |
| 21 years | $10,731 |
| 23 years | $13,312 |
| 25 years | $15,892 |
Top Solar Installers in Narberth
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring a solar panel installer can make your switch to solar power much easier. Some solar companies, especially local ones, can help you make the most of incentives in Narberth, therefore optimizing your ROI.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Narberth
Factors that Affect Solar Panel Costs in Narberth
Even though the average cost of a solar system in Narberth is $16,365, your final cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,550.There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Narberth, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Narberth is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that offer a range of services at different costs.Additionally, some companies in Narberth have more knowledge 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 help you save 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 | $8,771 | 16.0 years |
| 8 kW | $3.62 | $20,278 | $12,092 | 15.7 years |
| 10 kW | $3.55 | $24,850 | $15,612 | 15.4 years |
| 12 kW | $3.48 | $29,224 | $19,330 | 15.0 years |
| 14 kW | $3.41 | $33,398 | $23,248 | 14.7 years |
| 16 kW | $3.34 | $37,374 | $27,364 | 14.4 years |
| 18 kW | $3.27 | $41,152 | $31,679 | 14.1 years |
| 20 kW | $3.19 | $44,730 | $36,193 | 13.8 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
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 Narberth, PA Solar Cost FAQs
What is the average cost of installing solar panels in Narberth?
The average cost of solar panels in Narberth is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the real cost will depend on stuff 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 in addition to cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Narberth is currently $725,085, so you can look forward to a value of about $29,728 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Narberth is a fruitful investment.
How long do solar panels last in Narberth?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.