Solar Panel Cost Guide in Reading, PA (Feb 2023)
- Reading Solar Installation Cost: $11,870
- 25-Year Savings: $13,244
- Payback Period: 11.8 Years
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Top Solar Installers in Reading
Many homeowners opt for a solar installation company since trying to install solar panels on your own can be hard. The payback period on a solar system will vary based on factors like your roof configuration and energy needs, but working with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
If you're looking for a solar installer in Reading, we've compiled a list of our top suggestions here:
See all of the solar companies in Reading
Factors that Affect Solar Panel Costs in Reading
For many Reading homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Reading, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need 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 $2,550. The kind of solar equipment you choose can increase or decrease your cost 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. However, higher efficiency could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Reading average.
Solar Financing Terms
Most solar companies in Reading offer solar loans, which reduce your upfront costs of installing solar. Though solar loans make adopting solar energy more accessible for Reading homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies in Reading, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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||$11,518||12.3 years|
|8 kW||$2.60||$14,566||$15,643||12.1 years|
|10 kW||$2.55||$17,850||$19,911||11.8 years|
|12 kW||$2.50||$20,992||$24,321||11.6 years|
|14 kW||$2.45||$23,990||$28,874||11.3 years|
|16 kW||$2.40||$26,846||$33,570||11.1 years|
|18 kW||$2.35||$29,560||$38,409||10.9 years|
|20 kW||$2.29||$32,130||$43,391||10.6 years|
How to Save on Solar Panels
There are many companies available in Reading, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: If you care about the endurance of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
EcoWatch's Reading, PA Solar Cost FAQs
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.