Solar Panel Cost Guide in Canandaigua, NY (2024 Update)
- Canandaigua Solar Installation Cost: $11,777
- 25-Year Savings: $6,579
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in Canandaigua
Let’s take a look at the average cost of solar panels in Canandaigua.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Canandaigua, the average cost of a solar system is 4 per watt.Because a 4.6-kW system is needed to cover the energy consumption of a typical home in Canandaigua, the average price of going solar will be about $11,777 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar panels you choose, your solar contractor and more.With average savings of about $13,000 on energy bills over 20 years, many homeowners in Canandaigua find installing solar panels can be quite rewarding.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Canandaigua
| Year | Return on Investment |
|---|---|
| 1 years | $-10,951 |
| 3 years | $-9,299 |
| 5 years | $-7,647 |
| 7 years | $-5,995 |
| 9 years | $-4,344 |
| 11 years | $-2,692 |
| 13 years | $-1,040 |
| 15 years | $612 |
| 17 years | $2,264 |
| 19 years | $3,916 |
| 21 years | $5,567 |
| 23 years | $7,219 |
| 25 years | $8,871 |
Top Solar Installers in Canandaigua
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make swapping over to solar power much easier. Some solar installers, particularly local ones, can help you make the most of incentives in Canandaigua, optimizing your ROI.
You can work with a local solar installer to get a free estimate 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Canandaigua
Factors that Affect Solar Panel Costs in Canandaigua
The cost of installing a solar system in Canandaigua can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Canandaigua, one of the most crucial 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 usage, which you can gauge by looking at past power bills. Your total cost can increase by around $3,650 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Canandaigua to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time due to interest.While solar loans make adopting solar energy more accessible for Canandaigua homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installation company you pick will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.80 | $15,943 | $5,011 | 19.0 years |
| 8 kW | $3.72 | $20,849 | $7,090 | 18.7 years |
| 10 kW | $3.65 | $25,550 | $9,374 | 18.3 years |
| 12 kW | $3.58 | $30,047 | $11,862 | 17.9 years |
| 14 kW | $3.50 | $34,339 | $14,554 | 17.6 years |
| 16 kW | $3.43 | $38,427 | $17,451 | 17.2 years |
| 18 kW | $3.36 | $42,311 | $20,552 | 16.8 years |
| 20 kW | $3.29 | $45,990 | $23,858 | 16.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose greatly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Contract: Though 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.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Canandaigua, NY Solar Cost FAQs
How much does it cost to install solar panels in Canandaigua?
The average cost of solar panels in Canandaigua is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $698.48 per year.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.