Solar Panel Cost Guide in Arcade, NY (Mar 2023)
- Arcade Solar Installation Cost: $9,499
- 25-Year Savings: $6,003
- Payback Period: 15.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Arcade
See how much it might cost to install solar panels in Arcade.
The average cost of solar panels in Arcade is 2.95 per watt. Since a 4.6-kW system is needed to cover the energy usage of a typical home in Arcade, the average price of going solar will be about $9,499 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary depending on a few factors, such as what size system you need, your energy usage and what installation company you go with. Many homeowners find installing a solar system is a sound investment. The average homeowner in Arcade can save around $13,000 on their energy bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Arcade
| Year | Return on Investment |
|---|---|
| 1 years | $-8,879 |
| 3 years | $-7,639 |
| 5 years | $-6,399 |
| 7 years | $-5,158 |
| 9 years | $-3,918 |
| 11 years | $-2,678 |
| 13 years | $-1,438 |
| 15 years | $-198 |
| 17 years | $1,043 |
| 19 years | $2,283 |
| 21 years | $3,523 |
| 23 years | $4,763 |
| 25 years | $6,003 |
Top Solar Installers in Arcade
Although it's possible to install solar panels by yourself, it involves extra time and expertise. For that reason, the majority of homeowners choose a solar panel installer. The expertise that solar installers offer can be helpful as well, especially if you aren't sure what brand of solar equipment you need.
There are a number of licensed solar professionals that can take care of your solar installation project. 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 Arcade
Factors that Affect Solar Panel Costs in Arcade
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Arcade: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,950. The brand and type of equipment you want for your solar system can raise or lower 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 a small roof 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 big investment. That's why many Arcade homeowners decide to finance their solar panel systems to make going solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that has the products, warranties and services you're looking for and also fit into your budget.
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 | $7,326 | 15.9 years |
| 8 kW | $3.01 | $16,850 | $10,099 | 15.6 years |
| 10 kW | $2.95 | $20,650 | $13,036 | 15.3 years |
| 12 kW | $2.89 | $24,284 | $16,139 | 15.0 years |
| 14 kW | $2.83 | $27,754 | $19,407 | 14.7 years |
| 16 kW | $2.77 | $31,058 | $22,841 | 14.4 years |
| 18 kW | $2.71 | $34,196 | $26,439 | 14.1 years |
| 20 kW | $2.66 | $37,170 | $30,203 | 13.8 years |
How to Save on Solar Panels
There are a lot of companies available in Arcade, 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:
- Solar Panel Brands: The model of solar panel you'd like to get plays a role in which installer you should opt for, since different companies offer different panels.
- Contract: Read the contract terms carefully to make sure you understand the overall cost, completion timeline rebates and warranties.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
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 Arcade, NY Solar Cost FAQs
How much does it cost to install solar panels in Arcade?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Arcade?
You can't get solar panels for free in Arcade. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Does Arcade have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can 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 account for 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.