Solar Panel Cost Guide in Radnor, PA (2024 Update)
- Radnor Solar Installation Cost: $16,181
- 25-Year Savings: $15,023
- Payback Period: 15.2 Years
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Average Cost of Solar Panels in Radnor
Find out what the average cost of a solar system is in Radnor.
The average cost of a solar system in Radnor is 4 per watt.The average solar panel system size in Radnor is around 6.5 kilowatts, meaning a cost of about $16,181 for a solar installation, or $23,139 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of making the switch to solar can vary depending on a few factors, such as what size system you need, your energy consumption and what company you go with.With average savings of about $16,000 on energy bills over 20 years, many homeowners in Radnor find investing in solar can pay off big.
Click the button below to get connected to a reputable solar company in your area for a customized quote.
Solar savings over time in Radnor
| Year | Return on Investment |
|---|---|
| 1 years | $-14,890 |
| 3 years | $-12,310 |
| 5 years | $-9,729 |
| 7 years | $-7,149 |
| 9 years | $-4,568 |
| 11 years | $-1,988 |
| 13 years | $593 |
| 15 years | $3,174 |
| 17 years | $5,754 |
| 19 years | $8,335 |
| 21 years | $10,915 |
| 23 years | $13,496 |
| 25 years | $16,076 |
Top Solar Installers in Radnor
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar panel installer can make switching to solar power much easier. Some solar companies, especially local ones, can help you better understand incentives in Radnor, therefore optimizing your ROI.
Working with a licensed solar installer can help you make the most of your investment in solar. 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
See all of the solar companies in Radnor
Factors that Affect Solar Panel Costs in Radnor
For many Radnor homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Radnor, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,550. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Radnor average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Radnor, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.Although solar loans make switching to solar energy more accessible for Radnor homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Radnor, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Radnor have more knowledge about local solar incentives and can help you take advantage of 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 | $9,047 | 15.8 years |
| 8 kW | $3.62 | $20,278 | $12,460 | 15.5 years |
| 10 kW | $3.55 | $24,850 | $16,072 | 15.2 years |
| 12 kW | $3.48 | $29,224 | $19,882 | 14.9 years |
| 14 kW | $3.41 | $33,398 | $23,892 | 14.6 years |
| 16 kW | $3.34 | $37,374 | $28,100 | 14.3 years |
| 18 kW | $3.27 | $41,152 | $32,508 | 14.0 years |
| 20 kW | $3.19 | $44,730 | $37,113 | 13.7 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 picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected 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 get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies have various brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project completion timeline.
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
EcoWatch's Radnor, PA Solar Cost FAQs
What is the average cost of installing solar panels in Radnor?
The average cost of solar panels in Radnor 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 type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Radnor?
A solar panel system isn’t free in Radnor, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on power bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Radnor, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Radnor?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.