Solar Panel Cost Guide in Attica, NY (2023 Update)
- Attica Solar Installation Cost: $9,499
- 25-Year Savings: $6,005
- Payback Period: 15.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Attica
Find out what the average cost of installing solar panels is in Attica.
In Attica, solar panels cost about 2.95 per watt on average. To cover the typical energy usage of the average home in Attica, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs around $9,499, or $13,584 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average Attica homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the savings for most homeowners is typically 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 top solar company in Attica for a personalized estimate.
Solar savings over time in Attica
| Year | Return on Investment |
|---|---|
| 1 years | $-8,879 |
| 3 years | $-7,639 |
| 5 years | $-6,398 |
| 7 years | $-5,158 |
| 9 years | $-3,918 |
| 11 years | $-2,677 |
| 13 years | $-1,437 |
| 15 years | $-197 |
| 17 years | $1,043 |
| 19 years | $2,284 |
| 21 years | $3,524 |
| 23 years | $4,764 |
| 25 years | $6,005 |
Top Solar Installers in Attica
Although it's possible to install solar panels yourself, it takes extra time and handiness. For that reason, most people choose to go with a solar panel installer. Plus, if you're not certain what brand of solar panels and equipment you want, a solar expert can help you figure that out 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 nearby:
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 Attica
Factors that Affect Solar Panel Costs in Attica
There are a number of factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable option because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your total costs, so it's vital to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Attica, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $7,328 | 15.9 years |
| 8 kW | $3.01 | $16,850 | $10,101 | 15.6 years |
| 10 kW | $2.95 | $20,650 | $13,039 | 15.3 years |
| 12 kW | $2.89 | $24,284 | $16,143 | 15.0 years |
| 14 kW | $2.83 | $27,754 | $19,411 | 14.7 years |
| 16 kW | $2.77 | $31,058 | $22,845 | 14.4 years |
| 18 kW | $2.71 | $34,196 | $26,444 | 14.1 years |
| 20 kW | $2.66 | $37,170 | $30,208 | 13.8 years |
How to Save on Solar Panels
The solar panel company you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which company you should opt for, since different companies have different panels.
- Installation Process: Make sure you're on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Attica, NY Solar Cost FAQs
What is the average cost of installing solar panels in Attica?
The average cost of solar panels in Attica 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Attica?
Solar panels aren't free in Attica, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Attica, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for 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 house 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.