Solar Panel Cost Guide in Souderton, PA (2023 Update)
- Souderton Solar Installation Cost: $11,755
- 25-Year Savings: $13,723
- Payback Period: 11.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Souderton
We break down average solar pricing in Souderton.
While the national average of solar panels is $2.66 per watt, solar panels in Souderton generally cost about 2.55. The average Souderton homeowner needs a 6.6-kilowatt system, which would cost about $11,763 with the federal tax credit, or $16,821 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of solar panels you choose, your solar contractor and more. With average savings of about $15,000 on electricity bills over 20 years, many homeowners in Souderton find investing in solar can pay off big.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Souderton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,409 |
| 3 years | $-7,718 |
| 5 years | $-5,027 |
| 7 years | $-2,336 |
| 9 years | $355 |
| 11 years | $3,047 |
| 13 years | $5,738 |
| 15 years | $8,429 |
| 17 years | $11,120 |
| 19 years | $13,811 |
| 21 years | $16,503 |
| 23 years | $19,194 |
| 25 years | $21,885 |
Top Solar Installers in Souderton
When going solar, many homeowners opt to hire a solar company since DIY solar panel installation can be a challenging project. Plus, if you aren't sure what kind of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 Souderton
Factors that Affect Solar Panel Costs in Souderton
Even though the average cost of a solar system in Souderton is $11,763, your final cost may differ. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, 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. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Souderton, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Souderton, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies operating in Souderton, and each can charge varying amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $12,075 | 12.0 years |
| 8 kW | $2.60 | $14,566 | $16,386 | 11.8 years |
| 10 kW | $2.55 | $17,850 | $20,839 | 11.5 years |
| 12 kW | $2.50 | $20,992 | $25,435 | 11.3 years |
| 14 kW | $2.45 | $23,990 | $30,174 | 11.1 years |
| 16 kW | $2.40 | $26,846 | $35,056 | 10.8 years |
| 18 kW | $2.35 | $29,560 | $40,080 | 10.6 years |
| 20 kW | $2.29 | $32,130 | $45,248 | 10.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The type of solar panel you need to get plays a role in which installer you should go with, since different companies have access to different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: Before you sign a contract with a solar installer, be sure to read it through carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: An important thing 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 what the project timeline is.
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 Souderton, PA Solar Cost FAQs
What is the average cost of installing solar panels in Souderton?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Souderton?
You can't get solar panels for free in Souderton. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Souderton?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
How long do solar panels last in Souderton?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.