Solar Panel Cost Guide in Arcadia, NY (2023 Update)
- Arcadia Solar Installation Cost: $8,962
- 25-Year Savings: $7,081
- Payback Period: 14.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Arcadia
We break down average solar pricing in Arcadia.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Arcadia, the average cost of a solar system is 2.95 per watt. To account for the typical energy usage of the average home in Arcadia, most homeowners require a 4.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $8,962, or $12,816 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of equipment you choose, your solar contractor and more. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Arcadia can save about $14,000 on their electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Arcadia
| Year | Return on Investment |
|---|---|
| 1 years | $-8,320 |
| 3 years | $-7,037 |
| 5 years | $-5,753 |
| 7 years | $-4,470 |
| 9 years | $-3,187 |
| 11 years | $-1,903 |
| 13 years | $-620 |
| 15 years | $664 |
| 17 years | $1,947 |
| 19 years | $3,231 |
| 21 years | $4,514 |
| 23 years | $5,797 |
| 25 years | $7,081 |
Top Solar Installers in Arcadia
Trying to put up solar panels yourself can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. The payback period on a solar system will vary depending on factors like your roof configuration and energy usage, but going with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
If you're looking for a solar installer in Arcadia, we've put together a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Arcadia
Factors that Affect Solar Panel Costs in Arcadia
Though the average cost of a solar system in Arcadia is $8,962, your actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the price of a solar system in Arcadia, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,950 for each additional kilowatt you need. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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 electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Arcadia average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Arcadia homeowners decide to finance their solar panel systems to offset upfront costs. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and better 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 down 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 | $9,305 | 14.5 years |
| 8 kW | $3.01 | $16,850 | $12,737 | 14.2 years |
| 10 kW | $2.95 | $20,650 | $16,335 | 14.0 years |
| 12 kW | $2.89 | $24,284 | $20,097 | 13.7 years |
| 14 kW | $2.83 | $27,754 | $24,025 | 13.4 years |
| 16 kW | $2.77 | $31,058 | $28,118 | 13.1 years |
| 18 kW | $2.71 | $34,196 | $32,376 | 12.8 years |
| 20 kW | $2.66 | $37,170 | $36,799 | 12.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar installer, make sure you read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Arcadia, NY Solar Cost FAQs
How much does it cost to install solar panels in Arcadia?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Arcadia?
Leasing solar panels can be an attractive choice, as 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 way to go if you want to get the most savings.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $739.69 per year.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.