Solar Panel Cost Guide in Albion, NY (Mar 2023)
- Albion Solar Installation Cost: $8,508
- 25-Year Savings: $7,699
- Payback Period: 13.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Albion
Let's take a look at the average cost of solar in Albion.
In Albion, solar panels cost about 2.95 per watt on average. The average Albion homeowner needs a 4.1-kilowatt system, which would cost about $8,508 with the federal tax credit, or $12,166 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. Despite the significant upfront cost, the average Albion homeowner can save around $15,000 on their electricity bills over 20 years, which is one of the advantages of solar.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Albion
| Year | Return on Investment |
|---|---|
| 1 years | $-7,860 |
| 3 years | $-6,563 |
| 5 years | $-5,266 |
| 7 years | $-3,970 |
| 9 years | $-2,673 |
| 11 years | $-1,377 |
| 13 years | $-80 |
| 15 years | $1,216 |
| 17 years | $2,513 |
| 19 years | $3,810 |
| 21 years | $5,106 |
| 23 years | $6,403 |
| 25 years | $7,699 |
Top Solar Installers in Albion
Although you can install solar panels on your own, it takes extra effort and expertise. That's why most homeowners choose to go with a solar panel installer. The expertise that solar companies offer can be useful as well, particularly if you don't quite know what brand of solar equipment you need.
If you're looking for a solar company in Albion, we've put together a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Albion
Factors that Affect Solar Panel Costs in Albion
For many Albion homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Albion, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Albion, one of the most crucial 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 gauge by looking at past power bills. Your total cost can increase by around $2,950 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Albion homeowners opt to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only 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 getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can influence your pricing. Albion's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater 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 down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $10,690 | 13.7 years |
| 8 kW | $3.01 | $16,850 | $14,584 | 13.4 years |
| 10 kW | $2.95 | $20,650 | $18,643 | 13.1 years |
| 12 kW | $2.89 | $24,284 | $22,867 | 12.9 years |
| 14 kW | $2.83 | $27,754 | $27,257 | 12.6 years |
| 16 kW | $2.77 | $31,058 | $31,811 | 12.4 years |
| 18 kW | $2.71 | $34,196 | $36,531 | 12.1 years |
| 20 kW | $2.66 | $37,170 | $41,416 | 11.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project completion timeline.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Albion, NY Solar Cost FAQs
What is the average cost of installing solar panels in Albion?
The average cost of solar panels in Albion is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Albion?
A solar panel system isn't free in Albion, 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 further reduce the cost.
Is going solar worth it?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Albion?
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 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.