Solar Panel Cost Guide in Upper Gwynedd, PA (2023 Update)
- Upper Gwynedd Solar Installation Cost: $11,755
- 25-Year Savings: $17,133
- Payback Period: 10.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Upper Gwynedd
Let's take a look at the average cost of solar panels in Upper Gwynedd.
In Upper Gwynedd, solar panels cost about 2.55 per watt on average. Using this figure, a typical 6.6-kW system would cost about $11,763 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of solar system you choose, your solar contractor and more. With typical savings of about $17,000 on energy bills over 20 years, many homeowners in Upper Gwynedd find going solar can pay off big.
You can click the button below to get connected with a top solar company in Upper Gwynedd that can help you get a more accurate cost estimate for your home.
Solar savings over time in Upper Gwynedd
| Year | Return on Investment |
|---|---|
| 1 years | $-10,446 |
| 3 years | $-7,829 |
| 5 years | $-5,211 |
| 7 years | $-2,594 |
| 9 years | $24 |
| 11 years | $2,641 |
| 13 years | $5,258 |
| 15 years | $7,876 |
| 17 years | $10,493 |
| 19 years | $13,111 |
| 21 years | $15,728 |
| 23 years | $18,346 |
| 25 years | $20,963 |
Top Solar Installers in Upper Gwynedd
Putting up solar panels yourself can be a difficult task, which is why getting a solar installer is a good option for many homeowners. Companies can also offer access to quality options of the best solar panels and help you pick which one will be best for your home.
You can get a free quote 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 Upper Gwynedd
Factors that Affect Solar Panel Costs in Upper Gwynedd
There are many criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require 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 model of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, 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
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Upper Gwynedd, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Upper Gwynedd is the company you choose to install your PV system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services for different budgets. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger 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 | $15,182 | 10.6 years |
| 8 kW | $2.60 | $14,566 | $20,528 | 10.4 years |
| 10 kW | $2.55 | $17,850 | $26,017 | 10.2 years |
| 12 kW | $2.50 | $20,992 | $31,648 | 10.0 years |
| 14 kW | $2.45 | $23,990 | $37,423 | 9.8 years |
| 16 kW | $2.40 | $26,846 | $43,340 | 9.6 years |
| 18 kW | $2.35 | $29,560 | $49,400 | 9.4 years |
| 20 kW | $2.29 | $32,130 | $55,603 | 9.2 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: The kind of solar panel you want to get plays a role in which company you should choose, since different companies have access to different panels.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
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 Upper Gwynedd, PA Solar Cost FAQs
What is the average cost of installing solar panels in Upper Gwynedd?
The average cost of solar panels in Upper Gwynedd is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Upper Gwynedd?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Upper Gwynedd?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having 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.