Solar Panel Cost Guide in Buffalo, NY (Feb 2023)
- Buffalo Solar Installation Cost: $9,458
- 25-Year Savings: $6,501
- Payback Period: 14.8 Years
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Top Solar Installers in Buffalo
Putting up solar panels yourself can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Another good thing about choosing a reliable solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
Working with a professional solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Buffalo
Factors that Affect Solar Panel Costs in Buffalo
There are a number of factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,950 per kilowatt in Buffalo. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Buffalo, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. 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 on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you select will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Buffalo are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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||$8,032||15.4 years|
|8 kW||$3.01||$16,850||$11,039||15.1 years|
|10 kW||$2.95||$20,650||$14,212||14.8 years|
|12 kW||$2.89||$24,284||$17,550||14.5 years|
|14 kW||$2.83||$27,754||$21,053||14.2 years|
|16 kW||$2.77||$31,058||$24,722||13.9 years|
|18 kW||$2.71||$34,196||$28,555||13.6 years|
|20 kW||$2.66||$37,170||$32,554||13.3 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: If you care about the endurance of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
EcoWatch's Buffalo, NY Solar Cost FAQs
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.