Solar Panel Cost Guide in Arcade, NY (2024 Update)
- Arcade Solar Installation Cost: $11,758
- 25-Year Savings: $5,999
- Payback Period: 19.0 Years
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Average Cost of Solar Panels in Arcade
Let’s take a look at the average cost of solar panels in Arcade.
Although the national average of solar panels is $2.66 per watt, solar panels in Arcade generally cost around 4.To cover the typical energy needs of the average home in Arcade, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs about $11,758, or $16,814 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Arcade based on a few factors, such as the type of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $13,000 over 20 years on utility bills.
Click the button below to get connected to a reputable solar panel company in your area for a custom quote.
Solar savings over time in Arcade
| Year | Return on Investment |
|---|---|
| 1 years | $-10,932 |
| 3 years | $-9,280 |
| 5 years | $-7,628 |
| 7 years | $-5,976 |
| 9 years | $-4,325 |
| 11 years | $-2,673 |
| 13 years | $-1,021 |
| 15 years | $631 |
| 17 years | $2,283 |
| 19 years | $3,935 |
| 21 years | $5,586 |
| 23 years | $7,238 |
| 25 years | $8,890 |
Top Solar Installers in Arcade
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Using an installer can make your switch to solar power much easier. Plus, if you’re unsure what type of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Arcade:
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 Arcade
Factors that Affect Solar Panel Costs in Arcade
Even though the average cost of a solar system in Arcade is $11,758, your actual cost may differ. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,650 per kilowatt in Arcade.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Arcade offer solar loans, which reduce your upfront costs of installing solar.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’re only able to 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 getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can influence how much you pay. Arcade’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $4,269 | 19.7 years |
| 8 kW | $3.72 | $20,849 | $6,100 | 19.3 years |
| 10 kW | $3.65 | $25,550 | $8,136 | 19.0 years |
| 12 kW | $3.58 | $30,047 | $10,377 | 18.6 years |
| 14 kW | $3.50 | $34,339 | $12,822 | 18.2 years |
| 16 kW | $3.43 | $38,427 | $15,471 | 17.8 years |
| 18 kW | $3.36 | $42,311 | $18,325 | 17.4 years |
| 20 kW | $3.29 | $45,990 | $21,383 | 17.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
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 Arcade, NY Solar Cost FAQs
What is the average cost of installing solar panels in Arcade?
The average cost of solar panels in Arcade is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Arcade?
Leasing solar panels can be an attractive choice, because it often 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.
Can you sell solar power back to the grid in Arcade?
The majority of 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 energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.