Solar Panel Cost Guide in Canajoharie, NY (2023 Update)
- Canajoharie Solar Installation Cost: $9,189
- 25-Year Savings: $7,018
- Payback Period: 14.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Canajoharie
See how much it might cost to install solar panels in Canajoharie.
While the national average of solar panels is $2.66 per watt, solar panels in Canajoharie typically cost about 2.95. To cover the typical energy usage of the average home in Canajoharie, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,189, or $13,140 before the federal solar tax credit of 30% is applied.
These figures are only averages, and your own solar costs will differ based on your energy needs and what company you go with. But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $14,000 over 20 years on power bills.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Canajoharie
| Year | Return on Investment |
|---|---|
| 1 years | $-8,541 |
| 3 years | $-7,244 |
| 5 years | $-5,948 |
| 7 years | $-4,651 |
| 9 years | $-3,355 |
| 11 years | $-2,058 |
| 13 years | $-762 |
| 15 years | $535 |
| 17 years | $1,832 |
| 19 years | $3,128 |
| 21 years | $4,425 |
| 23 years | $5,721 |
| 25 years | $7,018 |
Top Solar Installers in Canajoharie
When making the switch to solar, many homeowners prefer to use a solar company since putting up a solar system yourself can be a challenging project. Solar warranties and repairs are often included in the cost of installation when you sign a contract with a solar contractor too, which can save you more money over time.
If you'd like to make the switch to solar but still aren't sure which solar system installer to go with, here are our recommendations for providers in Canajoharie:
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 Canajoharie
Factors that Affect Solar Panel Costs in Canajoharie
The cost of installing a solar system in Canajoharie can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to get 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
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Canajoharie, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your total costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Canajoharie, you'll have many options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $8,953 | 14.8 years |
| 8 kW | $3.01 | $16,850 | $12,268 | 14.5 years |
| 10 kW | $2.95 | $20,650 | $15,747 | 14.2 years |
| 12 kW | $2.89 | $24,284 | $19,393 | 13.9 years |
| 14 kW | $2.83 | $27,754 | $23,203 | 13.6 years |
| 16 kW | $2.77 | $31,058 | $27,178 | 13.3 years |
| 18 kW | $2.71 | $34,196 | $31,319 | 13.0 years |
| 20 kW | $2.66 | $37,170 | $35,625 | 12.8 years |
How to Save on Solar Panels
There are numerous companies to choose from in Canajoharie, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project 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 Canajoharie, NY Solar Cost FAQs
What is the average cost of installing solar panels in Canajoharie?
The average cost of solar panels in Canajoharie 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 model 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 a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels completely eradicate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Canajoharie, 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.
How long do solar panels last in Canajoharie?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.