Solar Panel Cost Guide in South Abington, PA (2024 Update)
- South Abington Solar Installation Cost: $17,221
- 25-Year Savings: $15,085
- Payback Period: 15.7 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in South Abington
Here’s how much it might cost to install solar panels in South Abington.
The average cost of a solar system in South Abington is 4 per watt.To cover the typical energy usage of the average home in South Abington, most homeowners require a 6.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,221, or $24,626 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of South Abington 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.But, once you've paid the initial cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $15,000 over 20 years on electricity bills.
Click the button below to get connected to a highly rated solar installer in your area for a customized estimate.
Solar savings over time in South Abington
Year | Return on Investment |
---|---|
1 years | $-15,809 |
3 years | $-12,986 |
5 years | $-10,163 |
7 years | $-7,340 |
9 years | $-4,517 |
11 years | $-1,694 |
13 years | $1,129 |
15 years | $3,952 |
17 years | $6,776 |
19 years | $9,599 |
21 years | $12,422 |
23 years | $15,245 |
25 years | $18,068 |
Top Solar Installers in South Abington
When going solar, many homeowners decide to hire a solar installation company since overseeing your solar installation yourself can be a difficult project. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
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 South Abington
Factors that Affect Solar Panel Costs in South Abington
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in South Abington: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,550. The brand of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about 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
Many homeowners find the average cost of solar in South Abington to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you select will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in South Abington know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $8,265 | 16.3 years |
8 kW | $3.62 | $20,278 | $11,417 | 16.0 years |
10 kW | $3.55 | $24,850 | $14,769 | 15.7 years |
12 kW | $3.48 | $29,224 | $18,319 | 15.4 years |
14 kW | $3.41 | $33,398 | $22,068 | 15.1 years |
16 kW | $3.34 | $37,374 | $26,015 | 14.7 years |
18 kW | $3.27 | $41,152 | $30,162 | 14.4 years |
20 kW | $3.19 | $44,730 | $34,507 | 14.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you care about the endurance of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
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 South Abington, PA Solar Cost FAQs
How much does it cost to install solar panels in South Abington?
This is a hard question to answer precisely, because the cost depends on a variety of 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 usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in South Abington?
You can’t get solar panels for free in South Abington. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in South Abington?
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 higher amount 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.