Solar Panel Cost Guide in Camillus, NY (2023 Update)
- Camillus Solar Installation Cost: $9,561
- 25-Year Savings: $5,626
- Payback Period: 15.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Camillus
We go over average solar pricing in Camillus.
In Camillus, solar panels cost about 2.95 per watt on average. The average solar panel system size in Camillus is around 4.6 kilowatts, meaning a cost of about $9,561 for a solar installation, or $13,672 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Camillus 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. Many homeowners find installing solar panels is a solid investment. The average homeowner in Camillus can save about $12,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Camillus
| Year | Return on Investment |
|---|---|
| 1 years | $-8,953 |
| 3 years | $-7,739 |
| 5 years | $-6,524 |
| 7 years | $-5,309 |
| 9 years | $-4,094 |
| 11 years | $-2,879 |
| 13 years | $-1,664 |
| 15 years | $-449 |
| 17 years | $766 |
| 19 years | $1,981 |
| 21 years | $3,196 |
| 23 years | $4,411 |
| 25 years | $5,626 |
Top Solar Installers in Camillus
Many homeowners opt for a solar installation company since trying to install solar panels yourself can be challenging. The payback period on an investment in solar panels will vary based on factors like your location and energy needs, but working with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
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 Camillus
Factors that Affect Solar Panel Costs in Camillus
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Camillus: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,950. The model of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Camillus to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time because of interest. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only 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 remarkably.
Solar Panel Installation Company
The solar installer you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Camillus, and each can charge different amounts for labor and equipment. You may see 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 larger companies.
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 | $6,786 | 16.4 years |
| 8 kW | $3.01 | $16,850 | $9,379 | 16.1 years |
| 10 kW | $2.95 | $20,650 | $12,136 | 15.7 years |
| 12 kW | $2.89 | $24,284 | $15,059 | 15.4 years |
| 14 kW | $2.83 | $27,754 | $18,147 | 15.1 years |
| 16 kW | $2.77 | $31,058 | $21,400 | 14.8 years |
| 18 kW | $2.71 | $34,196 | $24,819 | 14.5 years |
| 20 kW | $2.66 | $37,170 | $28,402 | 14.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, completion timeline incentives and warranties.
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 Camillus, NY Solar Cost FAQs
What is the average cost of installing solar panels in Camillus?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Camillus?
You can't get solar panels for free in Camillus. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Camillus is currently $146,276, so you could be looking at a value of about $5,997 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Camillus is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 install between 20 and 35 panels to cover 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.