Solar Panel Cost Guide in Allegany, NY (Mar 2023)
- Allegany Solar Installation Cost: $9,623
- 25-Year Savings: $6,186
- Payback Period: 15.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Allegany
We go over average solar pricing in Allegany.
The national average cost of solar panels is $2.66 per watt, but in Allegany it's 2.95 per watt. The average solar panel system size in Allegany is around 4.7 kilowatts, meaning a cost of about $9,623 for a solar installation, or $13,761 before the 30% federal solar tax credit is applied.
The true cost of your system can be above or below the average in Allegany depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire. With typical savings of about $13,000 on energy bills over 20 years, many homeowners in Allegany find installing solar panels can pay off big.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Allegany
| Year | Return on Investment |
|---|---|
| 1 years | $-8,991 |
| 3 years | $-7,726 |
| 5 years | $-6,461 |
| 7 years | $-5,196 |
| 9 years | $-3,932 |
| 11 years | $-2,667 |
| 13 years | $-1,402 |
| 15 years | $-138 |
| 17 years | $1,127 |
| 19 years | $2,392 |
| 21 years | $3,656 |
| 23 years | $4,921 |
| 25 years | $6,186 |
Top Solar Installers in Allegany
When switching to solar energy, many homeowners decide to go with a solar installation company since DIY solar panel installation can be a challenging project. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Allegany
Factors that Affect Solar Panel Costs in Allegany
The cost of installing a solar system in Allegany can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,950. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Allegany average.
Solar Financing Terms
Most solar installers in Allegany provide solar loans, which reduce the initial cost of installing a solar system. You'll have to consider the long-term cost of financing options, including the total 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 securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can impact the cost. Allegany's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower 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 | $7,449 | 15.8 years |
| 8 kW | $3.01 | $16,850 | $10,263 | 15.5 years |
| 10 kW | $2.95 | $20,650 | $13,241 | 15.2 years |
| 12 kW | $2.89 | $24,284 | $16,385 | 14.9 years |
| 14 kW | $2.83 | $27,754 | $19,694 | 14.6 years |
| 16 kW | $2.77 | $31,058 | $23,168 | 14.3 years |
| 18 kW | $2.71 | $34,196 | $26,808 | 14.0 years |
| 20 kW | $2.66 | $37,170 | $30,612 | 13.7 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Allegany, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Installation Process: When making the switch to solar energy, it's essential to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project completion timeline.
- Contract: Before signing a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
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 Allegany, NY Solar Cost FAQs
How much does it cost to install solar panels in Allegany?
The average cost of solar panels in Allegany 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 kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for 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.
Can solar panels significantly reduce my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Allegany, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Allegany?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had 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.