5 Best Solar Companies in Olean, NY (2023 Reviews)
We analyzed over 1500 solar companies in the nation,
and have selected the top 5 in Olean based on:
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Customer review scores - Service area for Olean, NY
- Company policies and services offered
- Accreditations and certifications
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Average Olean homeowner saves $1,149/year with solar panels
Updated September 15, 2023
Why you can trust EcoWatch
Best Solar Companies in Olean
Are you looking for energy freedom in Olean? Installing solar panels can be a rewarding investment since you can take advantage of many benefits when you switch to solar power. While solar panels are a great investment, you'll be able to make that amount back and then some, all while helping to protect the planet. In fact, you could end up with savings of about $14,000 over 20 years.
If you want to start taking advantage of the great number of benefits of solar, we'll help you narrow down your options to find the Olean solar installer that's right for you. We suggest shopping around to get multiple quotes and comparing them to find the best installer for your home. To get free quotes from the best solar companies in Olean, click the link below.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch Rankings for Solar Companies in Olean
Buffalo Solar
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Informative Resources - Free Quotes
- Clear Pricing Policy
- Reliable Customer Support
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Limited information available on website
Services Offered
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Expert panel installation - Business installations
- Tailored solutions
- Home installations
Cleve Solar Solutions
- Free Quotes
- Clear Pricing Policy
- Reliable Customer Support
- Informative Resources
- Limited information available on website
Services Offered
- Tailored solutions
- Home installations
- Expert panel installation
New Wave Energy
- Reliable Customer Support
- Informative Resources
- Free Quotes
- Clear Pricing Policy
- Limited information available on website
Services Offered
- Business installations
- Tailored solutions
- Home installations
Tess/Soleil
- Limited information available on website
Services Offered
- Home installations
Fusion Energy Services
- Informative Resources
- Free Quotes
- Limited information available on website
Services Offered
- Expert panel installation
- Home installations
- Business installations
Methodology: How We Ranked the Best Solar Companies in Olean
EcoWatch's solar experts analyzed each solar company in Olean based on criteria such as its reputation in the industry, customer reviews, services, warranty coverage and financing. Using this solar methodology, we used the data we collected to rate and rank each company and narrow down our picks for the best solar companies in Olean
Below are some the criteria we examined specifically for New York solar companies
- Brand reputation and certifications (20%): We take each company's Better Business Bureau (BBB) score into consideration, as well as how long the installer has been in business (at least 5 years is required, 10 preferred) and what type of solar certifications it holds.
- Customer reviews (20%): Trust is a top priority at EcoWatch, so we take customer experience under close consideration. We scour different review sites and customer testimonials when ranking our top solar companies, checking sites such as Trustpilot and Google Reviews. We also consider any potential complaints or lawsuits filed against these companies and award or remove points accordingly.
- Warranty (20%): A company earns a perfect score in this category if it offers 25-year warranties that cover performance, product and workmanship. The industry standard that we measure companies against is 25-year product and performance warranties, along with a 10-year workmanship warranty. We also look closely into the track record of the post-installation support each company provides in terms of honoring its contracts
- Solar services (10%): All of the companies we review install solar panels, but we award companies higher points if they offer additional services for customers, like battery installation, energy-efficiency audits, and EV chargers.
- Pricing and financing (10%): It's hard to get exact quotes for solar projects, but we use marketplace research to determine how each company prices its equipment and installation services. Additionally, companies that offer more help for panel financing — like in-house loans, leases, or PPAs — score higher than those that don't.
- Availability (10%): The bigger the service area, the higher the company will score.
- Transparency and accessibility (5%): Solar installers that offer free consultations and easy contact methods score higher in this category.
- Environmental, social and corporate governance factors (5%): A company earns a perfect score in this category if it offers public data disclosure, addresses end-of-life (EOL) products or processes, and demonstrates a commitment to uplifting the communities that it serves.
The Cost and Benefits of Solar in Olean
For many homeowners, the decision to invest in solar panels comes down to the cost. The cost of solar and the savings it generates vary depending on a few key factors such as:
- Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $14,000 over 20 years on your energy bills.
- Your energy consumption: If your household needs to use a lot of energy, you'll see more savings from switching to solar.
- Your home's power bills: Due to high monthly electricity bills in Olean, you could save about $670 a year with solar.
- The kind of solar panels you want: More efficient panels are more highly priced, so that will determine your budget for your solar project.
Because of the cost of solar panels being lower than before as well as several solar incentives, they are a solid investment for many homeowners.
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For an idea of both how much you could save and impact the Earth by switching to solar power, you can play around with the calculator below. You can also view our solar panel cost guide for Olean, NY.
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Solar Incentives in Olean
Although solar power is typically a big investment, it can save you a significant amount of money in the long term because of lower utility bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially stack the ITC with other state and city incentives. You can find out about the incentives you can take advantage of in our article on solar incentives
Environmental Impact of Switching to Solar in Olean
One of the reasons so many people are considering installing solar panels is to help bring down their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Olean, though. One thing that can severely affect your carbon footprint is how long your commute is and how much you drive altogether. If you switch to solar power and drive an electric car, you can greatly reduce your carbon dioxide emissions by charging your car at home. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 20 pounds each year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.
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 Olean, NY Solar Company Rankings FAQs
Which solar company is the best in Olean?
In Olean, Residents Energy LLC is the top local solar company. Our team of experts rates it 3.00 stars, so it's a good choice if you're planning to add solar panels to your home.
What are a few of the main pros and cons of installing solar panels?
The greatest advantages of solar power are that it can lower or, for some, completely cut your electricity bills, improve the value of your home and cut back on your carbon footprint. The greatest disadvantages are that solar panels can be expensive to install, you may not save a lot if you don't use a lot of electricity and it doesn't work for all roof types and locations.
How long does it take to see a return on your investment after buying solar panels?
The average payback period for solar panel installation is about 14.4 years, but the exact period is influenced by local electricity costs, incentives and net metering programs.
How efficient is a solar panel system?
Solar panel efficiency is the amount of solar energy that is converted into electricity. Most panels today have an efficiency rating between 15 and 20%. If your panels are more efficient, you'll need fewer of them to meet your home's energy needs.
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.