Solar Panel Cost Guide in Towamencin, PA (2024 Update)
- Towamencin Solar Installation Cost: $16,365
- 25-Year Savings: $16,814
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Towamencin
We go over average solar pricing in Towamencin.
The national average cost of solar panels is $2.66 per watt, but in Towamencin it’s 4 per watt.To cover the typical energy usage of the average home in Towamencin, most homeowners require a 6.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $16,365, or $23,402 before the federal solar tax credit of 0 is applied.
The true price you pay can be above or below the average in Towamencin based on a few factors, such as the brand of solar panels you choose and the solar company you hire.Many homeowners find going solar is a sound investment. The average homeowner in Towamencin can save about $16,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Towamencin
| Year | Return on Investment |
|---|---|
| 1 years | $-15,037 |
| 3 years | $-12,383 |
| 5 years | $-9,729 |
| 7 years | $-7,075 |
| 9 years | $-4,420 |
| 11 years | $-1,766 |
| 13 years | $888 |
| 15 years | $3,543 |
| 17 years | $6,197 |
| 19 years | $8,851 |
| 21 years | $11,506 |
| 23 years | $14,160 |
| 25 years | $16,814 |
Top Solar Installers in Towamencin
Although it's possible to install solar panels by yourself, it involves extra energy and expertise. That's one of the reasons almost all homeowners choose to go with a solar panel installer. Plus, if you’d like to maximize your investment in solar power, using a solar installer can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
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 National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Towamencin
Factors that Affect Solar Panel Costs in Towamencin
The cost of installing a solar system in Towamencin can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar system in Towamencin, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $3,550 for each additional kilowatt you need.The model of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions 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 looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Towamencin to be too costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can play a part in determining your pricing. Towamencin’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut 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 | $3.69 | $15,506 | $9,887 | 15.3 years |
| 8 kW | $3.62 | $20,278 | $13,580 | 15.0 years |
| 10 kW | $3.55 | $24,850 | $17,472 | 14.7 years |
| 12 kW | $3.48 | $29,224 | $21,563 | 14.4 years |
| 14 kW | $3.41 | $33,398 | $25,852 | 14.1 years |
| 16 kW | $3.34 | $37,374 | $30,341 | 13.8 years |
| 18 kW | $3.27 | $41,152 | $35,028 | 13.5 years |
| 20 kW | $3.19 | $44,730 | $39,914 | 13.2 years |
How to Save on Solar Panels
There are numerous companies available in Towamencin, 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:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar installer’s contract, ask questions 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.
- Solar Panel Brands: Different companies will have different brands and models of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Towamencin, PA Solar Cost FAQs
What is the average cost of installing solar panels in Towamencin?
The average cost of solar panels in Towamencin is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Towamencin?
You can’t get solar panels for free in Towamencin. 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’d prefer to own your solar panels, you can finance them with a solar loan.
How will solar panels impact my property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t opt for 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 many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.