Solar Panel Cost Guide in Allegany, NY (2024 Update)
- Allegany Solar Installation Cost: $11,918
- 25-Year Savings: $6,176
- Payback Period: 18.8 Years
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Average Cost of Solar Panels in Allegany
Find out what the average cost of solar panel installation is in Allegany.
The national average cost of solar panels is $2.66 per watt, but in Allegany it’s 4 per watt.The average solar panel system size in Allegany is around 4.7 kilowatts, meaning a cost of about $11,918 for a solar installation, or $17,043 before the 0 federal solar tax credit is applied.
The true price you pay can go above or below the average in Allegany depending on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire.With average savings of about $13,000 on power bills over 20 years, many homeowners in Allegany find installing solar panels has a decent ROI.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Allegany
| Year | Return on Investment |
|---|---|
| 1 years | $-11,009 |
| 3 years | $-9,192 |
| 5 years | $-7,375 |
| 7 years | $-5,558 |
| 9 years | $-3,741 |
| 11 years | $-1,923 |
| 13 years | $-106 |
| 15 years | $1,711 |
| 17 years | $3,528 |
| 19 years | $5,345 |
| 21 years | $7,162 |
| 23 years | $8,979 |
| 25 years | $10,797 |
Top Solar Installers in Allegany
When going solar, many homeowners opt to hire a solar installer since handling can be a difficult project. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on how much your investment in solar could cost 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 Allegany
Factors that Affect Solar Panel Costs in Allegany
There are many criteria that can determine your total 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
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Allegany homeowners decide to finance their solar panel systems to offset upfront costs.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Allegany is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that provide a range of services at different costs.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.80 | $15,943 | $4,392 | 19.6 years |
| 8 kW | $3.72 | $20,849 | $6,264 | 19.2 years |
| 10 kW | $3.65 | $25,550 | $8,341 | 18.8 years |
| 12 kW | $3.58 | $30,047 | $10,623 | 18.5 years |
| 14 kW | $3.50 | $34,339 | $13,108 | 18.1 years |
| 16 kW | $3.43 | $38,427 | $15,799 | 17.7 years |
| 18 kW | $3.36 | $42,311 | $18,693 | 17.3 years |
| 20 kW | $3.29 | $45,990 | $21,792 | 17.0 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 picking a company can be difficult, we have some tips to help you, such as:
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
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 Allegany, NY Solar Cost FAQs
What is the average cost of installing solar panels in Allegany?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Allegany?
You can’t get solar panels for free in Allegany. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Allegany?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though 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 their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.