Solar Panel Cost Guide in Upper Southampton, PA (2023 Update)
- Upper Southampton Solar Installation Cost: $11,745
- 25-Year Savings: $14,900
- Payback Period: 11.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Upper Southampton
Let's take a look at the average cost of solar panels in Upper Southampton.
In Upper Southampton, solar panels cost about 2.55 per watt on average. The average solar panel system size in Upper Southampton is around 6.6 kilowatts, meaning a cost of about $11,745 for a solar installation, or $16,795 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Upper Southampton homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $15,000 over 20 years on utility bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Upper Southampton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,679 |
| 3 years | $-8,548 |
| 5 years | $-6,416 |
| 7 years | $-4,285 |
| 9 years | $-2,153 |
| 11 years | $-21 |
| 13 years | $2,110 |
| 15 years | $4,242 |
| 17 years | $6,374 |
| 19 years | $8,505 |
| 21 years | $10,637 |
| 23 years | $12,769 |
| 25 years | $14,900 |
Top Solar Installers in Upper Southampton
When switching to solar energy, many homeowners choose to use a solar company since handling can be a time-consuming project. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and part replacements.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Southampton
Factors that Affect Solar Panel Costs in Upper Southampton
For many Upper Southampton homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Upper Southampton, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need 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 kind of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over five to seven years on average. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Upper Southampton, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. 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 specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $13,146 | 11.5 years |
| 8 kW | $2.60 | $14,566 | $17,813 | 11.2 years |
| 10 kW | $2.55 | $17,850 | $22,623 | 11.0 years |
| 12 kW | $2.50 | $20,992 | $27,576 | 10.8 years |
| 14 kW | $2.45 | $23,990 | $32,672 | 10.6 years |
| 16 kW | $2.40 | $26,846 | $37,911 | 10.4 years |
| 18 kW | $2.35 | $29,560 | $43,293 | 10.1 years |
| 20 kW | $2.29 | $32,130 | $48,817 | 9.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Contract: When looking 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 like a system part breaking or the company going out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
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 Southampton, PA Solar Cost FAQs
What is the average cost of installing solar panels in Upper Southampton?
This is a tough question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Upper Southampton is currently $375,179, which means you can expect a value of about $15,382 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Upper Southampton is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.