Solar Panel Cost Guide in Perkasie, PA (2023 Update)
- Perkasie Solar Installation Cost: $11,745
- 25-Year Savings: $13,772
- Payback Period: 11.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Perkasie
Let's take a look at the average cost of solar panels in Perkasie.
While the national average of solar panels is $2.66 per watt, solar panels in Perkasie typically cost around 2.55. To cover the typical energy usage of the average home in Perkasie, most homeowners require a 6.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,745, or $16,795 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Perkasie homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the savings for most homeowners is usually good, with a net average savings of about $15,000 over 20 years on energy bills.
To get a free quote from a highly rated solar installer in Perkasie, you can click the button below.
Solar savings over time in Perkasie
| Year | Return on Investment |
|---|---|
| 1 years | $-10,725 |
| 3 years | $-8,683 |
| 5 years | $-6,642 |
| 7 years | $-4,600 |
| 9 years | $-2,559 |
| 11 years | $-517 |
| 13 years | $1,524 |
| 15 years | $3,565 |
| 17 years | $5,607 |
| 19 years | $7,648 |
| 21 years | $9,690 |
| 23 years | $11,731 |
| 25 years | $13,772 |
Top Solar Installers in Perkasie
Installing solar panels by yourself can be a challenging project, which is why using a solar installer is a good option for many homeowners. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be best for your family.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
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 Perkasie
Factors that Affect Solar Panel Costs in Perkasie
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Perkasie: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of solar panels in Perkasie, one of the most crucial 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 power bills. Your total cost can increase by about $2,550 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Perkasie, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
Most solar companies in Perkasie have solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of loans, 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 getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Perkasie, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $12,118 | 12.0 years |
| 8 kW | $2.60 | $14,566 | $16,443 | 11.7 years |
| 10 kW | $2.55 | $17,850 | $20,911 | 11.5 years |
| 12 kW | $2.50 | $20,992 | $25,521 | 11.3 years |
| 14 kW | $2.45 | $23,990 | $30,274 | 11.1 years |
| 16 kW | $2.40 | $26,846 | $35,170 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,209 | 10.6 years |
| 20 kW | $2.29 | $32,130 | $45,391 | 10.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
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 Perkasie, PA Solar Cost FAQs
How much does it cost to install solar panels in Perkasie?
The average cost of solar panels in Perkasie is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Perkasie?
Solar panels aren't free in Perkasie, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase your property value?
Solar panels can increase your home value significantly 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 many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.