Solar Panel Cost Guide in Towamencin, PA (2023 Update)
- Towamencin Solar Installation Cost: $11,763
- 25-Year Savings: $16,108
- Payback Period: 10.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Towamencin
We break down average solar pricing in Towamencin.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Towamencin, the typical cost of solar panels is 2.55 per watt. The average Towamencin 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.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. Despite the high upfront cost, the average Towamencin homeowner can save around $16,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Towamencin
| Year | Return on Investment |
|---|---|
| 1 years | $-10,648 |
| 3 years | $-8,419 |
| 5 years | $-6,189 |
| 7 years | $-3,959 |
| 9 years | $-1,730 |
| 11 years | $500 |
| 13 years | $2,730 |
| 15 years | $4,959 |
| 17 years | $7,189 |
| 19 years | $9,419 |
| 21 years | $11,648 |
| 23 years | $13,878 |
| 25 years | $16,108 |
Top Solar Installers in Towamencin
Although it's possible to install solar panels yourself, it involves extra energy and know-how. Because of that, almost all homeowners choose to go with a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be right for you.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Towamencin:
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 Towamencin
Factors that Affect Solar Panel Costs in Towamencin
Although the average cost of a solar system in Towamencin is $11,763, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels 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 that have higher 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 brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Towamencin is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for example, you'll have many options for solar installers that offer a range of services for different budgets. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to 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 | $14,255 | 11.0 years |
| 8 kW | $2.60 | $14,566 | $19,292 | 10.8 years |
| 10 kW | $2.55 | $17,850 | $24,472 | 10.5 years |
| 12 kW | $2.50 | $20,992 | $29,795 | 10.3 years |
| 14 kW | $2.45 | $23,990 | $35,260 | 10.1 years |
| 16 kW | $2.40 | $26,846 | $40,869 | 9.9 years |
| 18 kW | $2.35 | $29,560 | $46,620 | 9.7 years |
| 20 kW | $2.29 | $32,130 | $52,514 | 9.5 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
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 Towamencin, PA Solar Cost FAQs
How much does it cost to install solar panels in Towamencin?
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 be more expensive 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 opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Towamencin?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Although 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 the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.