Solar Panel Cost Guide in Auburn, NY (2023 Update)
- Auburn Solar Installation Cost: $9,561
- 25-Year Savings: $5,708
- Payback Period: 15.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Auburn
We break down average solar pricing in Auburn.
The average cost of a solar panel system in Auburn is 2.95 per watt. The average Auburn homeowner needs a 4.6-kilowatt system, which would cost about $9,561 with the federal tax credit, or $13,672 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what installation company you go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Auburn can save around $13,000 on their energy bills over 20 years.
To receive a free estimate from a highly rated solar company in Auburn, you can click the button below.
Solar savings over time in Auburn
| Year | Return on Investment |
|---|---|
| 1 years | $-8,950 |
| 3 years | $-7,729 |
| 5 years | $-6,507 |
| 7 years | $-5,286 |
| 9 years | $-4,064 |
| 11 years | $-2,843 |
| 13 years | $-1,621 |
| 15 years | $-400 |
| 17 years | $822 |
| 19 years | $2,043 |
| 21 years | $3,265 |
| 23 years | $4,487 |
| 25 years | $5,708 |
Top Solar Installers in Auburn
Many homeowners choose to hire a solar installation company since installing solar panels by yourself can be hard. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and part replacements.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Auburn:
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 Auburn
Factors that Affect Solar Panel Costs in Auburn
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Auburn: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in Auburn, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,950 for each additional kilowatt you need. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Auburn, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $3.07 | $12,886 | $6,897 | 16.3 years |
| 8 kW | $3.01 | $16,850 | $9,527 | 16.0 years |
| 10 kW | $2.95 | $20,650 | $12,322 | 15.7 years |
| 12 kW | $2.89 | $24,284 | $15,281 | 15.3 years |
| 14 kW | $2.83 | $27,754 | $18,407 | 15.0 years |
| 16 kW | $2.77 | $31,058 | $21,697 | 14.7 years |
| 18 kW | $2.71 | $34,196 | $25,152 | 14.4 years |
| 20 kW | $2.66 | $37,170 | $28,773 | 14.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Contract: Before you sign a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: When making the switch to solar power, it's necessary to maintain an open line of communication with your solar installer. See to it that you understand how the installation process works and the project completion timeline.
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 Auburn, NY Solar Cost FAQs
What is the average cost of installing solar panels in Auburn?
The average cost of solar panels in Auburn 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 like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Auburn?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs 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 buy 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.