Solar Panel Cost Guide in Radnor, PA (Dec 2022)

  • Radnor Solar Installation Cost: $11,620
  • 25-Year Savings: $15,025
  • Payback Period: 10.9 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Radnor

Let's have a look at the average cost of solar in Radnor.

In Radnor, solar panels cost about $3 per watt on average. To cover the typical energy needs of the average home in Radnor, most homeowners require a 6.5-kilowatt system. Using the figure above, a solar installation costs around $11,620, or $8,599 after the federal solar tax credit of 30% is applied.

Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar panels you choose, your solar contractor and more. With typical savings of about $16,000 on power bills over 20 years, many homeowners in Radnor find going solar has a decent ROI.

Click the button below to get connected to a top solar installer in your area for a custom estimate.

Solar savings over time in Radnor

Year Return on Investment
1 years $-10,555
3 years $-8,423
5 years $-6,291
7 years $-4,160
9 years $-2,028
11 years $104
13 years $2,235
15 years $4,367
17 years $6,499
19 years $8,630
21 years $10,762
23 years $12,894
25 years $15,025

Top Solar Installers in Radnor

Many homeowners decide to use a solar panel company since trying to put up solar panels by yourself can be hard. Companies can also have access to various kinds of the best solar panels and help you choose which one will be right for you.

If you're looking for a solar company in Radnor, we've put together a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Radnor

Factors that Affect Solar Panel Costs in Radnor

Even though the average cost of a solar system in Radnor is $11,620, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Radnor average.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Radnor, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. Although solar loans make switching to solar energy more accessible for Radnor homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar company you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Radnor, and each can charge different amounts for labor and equipment. Additionally, some companies in Radnor know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 $13,415 11.3 years
8 kW $2.60 $14,566 $18,172 11.1 years
10 kW $2.55 $17,850 $23,072 10.9 years
12 kW $2.50 $20,992 $28,114 10.7 years
14 kW $2.45 $23,990 $33,300 10.5 years
16 kW $2.40 $26,846 $38,628 10.3 years
18 kW $2.35 $29,560 $44,100 10.0 years
20 kW $2.29 $32,130 $49,713 9.8 years

How to Save on Solar Panels

There are numerous companies available in Radnor, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:

  • Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Radnor, PA Solar Cost FAQs

What is the average cost of installing solar panels in Radnor?

This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

Are solar panels free in Radnor?

Solar panels aren't free in Radnor, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

Is it worth going solar in Radnor?

Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you need to know how much energy your home needs 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.

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