Solar Panel Cost Guide in Reading, PA (Sep 2022)

  • Reading Solar Installation Cost: $11,870
  • 25-Year Savings: $13,244
  • Payback Period: 11.8 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Reading

Find out what the average cost of solar panels are in Reading.

In Reading, solar panels cost about $3 per watt on average. Using this figure, a typical 6.7 would cost about $11,870 before the 30% federal solar tax credit is applied.

The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of installing solar panels can vary based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with. With average savings of about $14,000 on electricity bills over 20 years, many homeowners in Reading find installing solar panels can be quite rewarding.

You can click the button below to get connected with a pre-vetted solar installer in Reading that can help you get a more accurate cost estimate for your home.

Solar savings over time in Reading

Year Return on Investment
1 years $-10,866
3 years $-8,856
5 years $-6,847
7 years $-4,838
9 years $-2,829
11 years $-820
13 years $1,189
15 years $3,199
17 years $5,208
19 years $7,217
21 years $9,226
23 years $11,235
25 years $13,244

Top Solar Installers in Reading

Trying to put up solar panels by yourself can be a difficult project, which is why getting a solar installer is a good option for many homeowners. The payback period on a solar system will vary based on factors like your roof configuration and energy use, 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, the EcoWatch team has 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

The Green Panel

★★★★★
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 Reading

Factors that Affect Solar Panel Costs in Reading

There are a number of factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.

Solar Equipment Size

The size of the solar system you need is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,550. The type of solar panels and equipment you want is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.

Solar Financing Terms

Most solar companies in Reading offer solar loans, which reduce your upfront costs of installing a solar system. 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 getting a solar loan with a low APR could reduce your costs significantly.

Solar Panel Installation Company

Finally, the company you choose to install your solar panel system can affect the cost. Reading's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Reading know more about local solar incentives and can help you learn about 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 $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

Solar Incentives in Reading

Name High Performance Buildings Incentive Program
Website Visit here
More Info Click here

Name First Energy (MetEdison, Penelec, Penn Power, West Penn Power) - Residential Solar Water Heating Program
Incentive Amount $500
Website Visit here
More Info Click here

Name City of Philadelphia - Solar Rebate Program
Website Visit here
More Info Click here

Name FirstEnergy (MetEdison, Penelec, Penn Power, West Penn Power) - Residential Energy Efficiency Programs
Website Visit here
More Info Click here

Name Wind and Geothermal Incentives Program
Website Visit here
More Info Click here

Name Solar Alternative Energy Credits
Website Visit here
More Info Click here

Name High Performance Building Incentives Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar company you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:

  • Solar Panel Brands: Different companies have different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
  • Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
  • Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.

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

The Green Panel

★★★★★
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 Reading, PA Solar Cost FAQs

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

The average cost of solar panels in Reading 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 certain factors like the type of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider apart from cost when buying solar panels?

The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.

How will having solar panels impact my home value?

Solar panels can increase your property's value considerably 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% after installing solar panels."

How often do you have to replace solar panels?

On average, the lifespan of solar panels is 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 larger level 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.

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