Solar Panel Cost Guide in Souderton, PA (2023 Update)
- Souderton Solar Installation Cost: $11,763
- 25-Year Savings: $13,715
- Payback Period: 11.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Souderton
Let's have a look at the average cost of solar in Souderton.
The average cost of solar panels in Souderton is 2.55 per watt. 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.
These figures are only estimates, and your own solar costs will most likely differ based on your energy needs and what company you choose to go with. For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Souderton see about $15,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Souderton for a quote for your home.
Solar savings over time in Souderton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,744 |
| 3 years | $-8,706 |
| 5 years | $-6,668 |
| 7 years | $-4,629 |
| 9 years | $-2,591 |
| 11 years | $-553 |
| 13 years | $1,486 |
| 15 years | $3,524 |
| 17 years | $5,562 |
| 19 years | $7,600 |
| 21 years | $9,639 |
| 23 years | $11,677 |
| 25 years | $13,715 |
Top Solar Installers in Souderton
Installing solar panels on your own can be a stressful project, which is why using a solar installation company is a good option for many homeowners. Also, companies with a good reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to switch to solar energy but still aren't sure which solar company to go with, here are our recommendations for providers 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
Best Technology
Tesla Energy
- 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 Souderton
Factors that Affect Solar Panel Costs in Souderton
There are several factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panel systems 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 that have better efficiency or power generation require 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 type of 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, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Souderton average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Souderton homeowners choose to finance their solar panel systems to make paying for solar more affordable. Even though solar loans make switching to solar energy more accessible for Souderton homeowners, they can also increase the total you pay for your system, depending on your interest rate. 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 solar panel installer you pick will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- 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 the terms of the warranty.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Souderton, PA Solar Cost FAQs
How much does it cost to install solar panels in Souderton?
This is a tough question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient 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 afford 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.
Is it worth going solar in Souderton?
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.
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 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.