Solar Panel Cost Guide in Coatesville, PA (2024 Update)
- Coatesville Solar Installation Cost: $16,246
- 25-Year Savings: $13,809
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Coatesville
We go over average solar pricing in Coatesville.
The average cost of a solar panel system in Coatesville is 4 per watt.The average Coatesville homeowner needs a 6.5-kilowatt system, which would cost about $16,246 with the federal tax credit, or $23,232 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more.But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $15,000 over 20 years on power bills.
To receive a free quote from a highly rated solar installation company in Coatesville, you can click the button below.
Solar savings over time in Coatesville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,900 |
| 3 years | $-12,209 |
| 5 years | $-9,518 |
| 7 years | $-6,827 |
| 9 years | $-4,135 |
| 11 years | $-1,444 |
| 13 years | $1,247 |
| 15 years | $3,938 |
| 17 years | $6,629 |
| 19 years | $9,321 |
| 21 years | $12,012 |
| 23 years | $14,703 |
| 25 years | $17,394 |
Top Solar Installers in Coatesville
Many homeowners choose to hire a solar panel company since installing solar panels by yourself can be hard. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Coatesville:
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 Coatesville
Factors that Affect Solar Panel Costs in Coatesville
For many Coatesville homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Coatesville, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Coatesville, one of the most important 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 consumption, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,550 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Coatesville to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.However, the interest on solar loans also increases your overall costs, so it’s important to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more 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 | $3.69 | $15,506 | $7,877 | 16.6 years |
| 8 kW | $3.62 | $20,278 | $10,900 | 16.3 years |
| 10 kW | $3.55 | $24,850 | $14,122 | 15.9 years |
| 12 kW | $3.48 | $29,224 | $17,543 | 15.6 years |
| 14 kW | $3.41 | $33,398 | $21,163 | 15.3 years |
| 16 kW | $3.34 | $37,374 | $24,981 | 15.0 years |
| 18 kW | $3.27 | $41,152 | $28,998 | 14.7 years |
| 20 kW | $3.19 | $44,730 | $33,214 | 14.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Coatesville, PA Solar Cost FAQs
How much does it cost to install solar panels in Coatesville?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,750 for a 5-kW system and $35,500 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 above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Coatesville?
A solar panel system isn’t free in Coatesville, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Coatesville?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.