Solar Panel Cost Guide in Croydon, PA (2024 Update)
- Croydon Solar Installation Cost: $16,360
- 25-Year Savings: $14,894
- Payback Period: 15.3 Years
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Average Cost of Solar Panels in Croydon
See how much it might cost to make the switch to solar in Croydon.
While the national average of solar panels is $2.66 per watt, solar panels in Croydon generally cost around 4.The average solar panel system size in Croydon is around 6.6 kilowatts, meaning a cost of about $16,360 for a solar installation, or $23,395 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Croydon homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the high upfront cost, the average Croydon homeowner can save about $15,000 on their power bills over 20 years, which is one of the benefits of solar.
To get a free estimate from a top solar installation company in Croydon, you can click the button below.
Solar savings over time in Croydon
| Year | Return on Investment |
|---|---|
| 1 years | $-15,070 |
| 3 years | $-12,489 |
| 5 years | $-9,908 |
| 7 years | $-7,328 |
| 9 years | $-4,747 |
| 11 years | $-2,167 |
| 13 years | $414 |
| 15 years | $2,994 |
| 17 years | $5,575 |
| 19 years | $8,155 |
| 21 years | $10,736 |
| 23 years | $13,317 |
| 25 years | $15,897 |
Top Solar Installers in Croydon
When switching to solar energy, many homeowners decide to use a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Local solar companies can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Croydon
Factors that Affect Solar Panel Costs in Croydon
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Croydon: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of solar panels in Croydon, 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 usage, which you can determine by looking at past electricity bills. Your overall cost can increase by around $3,550 for each additional kilowatt you need.There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies in Croydon, and each can charge different amounts for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that provides the products, warranties and services you want and also fits within your budget.
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 | $8,778 | 16.0 years |
| 8 kW | $3.62 | $20,278 | $12,101 | 15.7 years |
| 10 kW | $3.55 | $24,850 | $15,623 | 15.3 years |
| 12 kW | $3.48 | $29,224 | $19,344 | 15.0 years |
| 14 kW | $3.41 | $33,398 | $23,264 | 14.7 years |
| 16 kW | $3.34 | $37,374 | $27,383 | 14.4 years |
| 18 kW | $3.27 | $41,152 | $31,701 | 14.1 years |
| 20 kW | $3.19 | $44,730 | $36,217 | 13.8 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 choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Before signing a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: The brand of solar panel you’d like to install plays a role in which company you should go with, since different companies offer different panels.
- Warranty: If you care about the endurance of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
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 Croydon, PA Solar Cost FAQs
How much does it cost to install solar panels in Croydon?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Croydon?
A solar panel system isn’t free in Croydon, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Croydon?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Croydon?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.