Solar Panel Cost Guide in Fallowfield, PA (2024 Update)
- Fallowfield Solar Installation Cost: $17,152
- 25-Year Savings: $9,962
- Payback Period: 19.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Fallowfield
Find out what the average cost of installing solar panels is in Fallowfield.
The national average cost of solar panels is $2.66 per watt, but in Fallowfield it’s 4 per watt.The average solar panel system size in Fallowfield is around 6.9 kilowatts, meaning a cost of about $17,152 for a solar installation, or $24,527 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of equipment you want to get, your solar contractor and more.But, after you've paid the upfront cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $12,000 over 20 years on electricity bills.
Click the button below to get connected to a vetted solar company in Fallowfield for a custom estimate.
Solar savings over time in Fallowfield
Year | Return on Investment |
---|---|
1 years | $-15,977 |
3 years | $-13,627 |
5 years | $-11,276 |
7 years | $-8,926 |
9 years | $-6,575 |
11 years | $-4,225 |
13 years | $-1,874 |
15 years | $476 |
17 years | $2,827 |
19 years | $5,177 |
21 years | $7,528 |
23 years | $9,878 |
25 years | $12,229 |
Top Solar Installers in Fallowfield
Many homeowners opt for a solar installation company since installing solar panels yourself can be a lot of work. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over time.
If you're on the hunt for a solar company in Fallowfield, the EcoWatch team has put together a list of our top suggestions here:
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 Fallowfield
Factors that Affect Solar Panel Costs in Fallowfield
There are several factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Fallowfield, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by about $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 are more efficient tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Fallowfield homeowners choose to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can affect your pricing. Fallowfield’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally 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 | $3,863 | 20.0 years |
8 kW | $3.62 | $20,278 | $5,548 | 19.6 years |
10 kW | $3.55 | $24,850 | $7,432 | 19.2 years |
12 kW | $3.48 | $29,224 | $9,515 | 18.9 years |
14 kW | $3.41 | $33,398 | $11,796 | 18.5 years |
16 kW | $3.34 | $37,374 | $14,277 | 18.1 years |
18 kW | $3.27 | $41,152 | $16,956 | 17.7 years |
20 kW | $3.19 | $44,730 | $19,834 | 17.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: If you’re worried about the endurance of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Fallowfield, PA Solar Cost FAQs
How much does it cost to install solar panels in Fallowfield?
This is a difficult question to answer precisely, because the cost depends on many 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. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $645.64 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 install between 20 and 35 panels to account for 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.