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 average cost of a solar panel system in Allegany is 4 per watt.Because a 4.7-kW system is needed to cover the energy consumption of a typical home in Allegany, the average price of going solar will be about $11,918 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of equipment you want to get, your solar contractor and more.With average savings of about $13,000 on electricity bills over 20 years, many homeowners in Allegany find installing solar panels can pay off big.
Click the button below to get connected to a highly rated solar company in Allegany for a customized quote.
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
Putting up solar panels on your own can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Solar warranties and repairs are often included in the cost of installation when you hire a solar company as well, which can save you more money over time.
If you’d like to make the switch to solar but still aren’t certain which solar panel installer to go with, here are our recommendations for providers in Allegany:
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
For many Allegany homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Allegany, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,650 per kilowatt in Allegany.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Allegany, where sunlight isn’t as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Allegany to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can impact your pricing. Allegany’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.80 | $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 system 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 a challenge, we have some tips to help you, such as:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- 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 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?
The average cost of solar panels in Allegany is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Allegany?
Solar panels aren’t free in Allegany, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
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 the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use 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.