Solar Panel Cost Guide in Yeadon, PA (2023 Update)
- Yeadon Solar Installation Cost: $11,620
- 25-Year Savings: $15,025
- Payback Period: 10.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Yeadon
See how much it might cost to switch to solar power in Yeadon.
The average cost of a solar panel system in Yeadon is 2.55 per watt. Because a 6.5-kW system is needed to cover the energy costs of a typical home in Yeadon, the average price of going solar will be about $11,620 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of going solar can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what installation company you go with. With typical savings of about $16,000 on energy bills over 20 years, many homeowners in Yeadon find installing solar panels can be quite rewarding.
To receive a free estimate from a highly rated solar installer in Yeadon, you can click the button below.
Solar savings over time in Yeadon
| Year | Return on Investment |
|---|---|
| 1 years | $-10,555 |
| 3 years | $-8,423 |
| 5 years | $-6,291 |
| 7 years | $-4,160 |
| 9 years | $-2,028 |
| 11 years | $104 |
| 13 years | $2,235 |
| 15 years | $4,367 |
| 17 years | $6,499 |
| 19 years | $8,630 |
| 21 years | $10,762 |
| 23 years | $12,894 |
| 25 years | $15,025 |
Top Solar Installers in Yeadon
When making the switch to solar, many homeowners decide to go with a solar installation company since putting up solar panels yourself can be a time-consuming project. The expertise that solar companies provide can be helpful as well, particularly if you don't quite know what brand of solar equipment you need.
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 Yeadon
Factors that Affect Solar Panel Costs in Yeadon
The cost of installing a solar system in Yeadon can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar system in Yeadon, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $2,550 for each additional kilowatt you need. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Yeadon average.
Solar Financing Terms
Most solar installers in Yeadon provide solar loans, which reduce the initial cost of installing a solar system. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Yeadon, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting 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 | $2.65 | $11,138 | $13,415 | 11.3 years |
| 8 kW | $2.60 | $14,566 | $18,172 | 11.1 years |
| 10 kW | $2.55 | $17,850 | $23,072 | 10.9 years |
| 12 kW | $2.50 | $20,992 | $28,114 | 10.7 years |
| 14 kW | $2.45 | $23,990 | $33,300 | 10.5 years |
| 16 kW | $2.40 | $26,846 | $38,628 | 10.3 years |
| 18 kW | $2.35 | $29,560 | $44,100 | 10.0 years |
| 20 kW | $2.29 | $32,130 | $49,713 | 9.8 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your overall costs, but also the kinds 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, such as:
- Solar Panel Brands: The model of solar panel you need plays a part in which company you should choose, since different companies have access to different panels.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have 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 Yeadon, PA Solar Cost FAQs
What is the average cost of installing solar panels in Yeadon?
This is a difficult question to answer exactly, because the cost depends on a variety of 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 additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Yeadon?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is making the switch to solar worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs 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 cover 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.