Solar Panel Cost Guide in Allegany, NY (Dec 2022)

  • Allegany Solar Installation Cost: $9,623
  • 25-Year Savings: $6,186
  • Payback Period: 15.2 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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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 $3 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 $7,121 after 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 National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Allegany?

Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

Is going solar worth it?

Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.

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.

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