Solar Panel Cost Guide in Canandaigua, NY (2023 Update)
- Canandaigua Solar Installation Cost: $9,518
- 25-Year Savings: $6,579
- Payback Period: 14.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Canandaigua
Let's have a look at the average cost of solar panels in Canandaigua.
The national average cost of solar panels is $2.66 per watt, but in Canandaigua it's 2.95 per watt. To cover the typical energy needs of the average home in Canandaigua, most homeowners require a 4.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,520, or $13,614 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more. With typical savings of about $13,000 on energy bills over 20 years, many homeowners in Canandaigua find going solar has a decent ROI.
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 Canandaigua
| Year | Return on Investment |
|---|---|
| 1 years | $-9,465 |
| 3 years | $-9,357 |
| 5 years | $-9,250 |
| 7 years | $-9,143 |
| 9 years | $-9,035 |
| 11 years | $-8,928 |
| 13 years | $-8,821 |
| 15 years | $-8,713 |
| 17 years | $-8,606 |
| 19 years | $-8,499 |
| 21 years | $-8,391 |
| 23 years | $-8,284 |
| 25 years | $-8,177 |
Top Solar Installers in Canandaigua
Although it's possible to install solar panels by yourself, it involves extra labor and know-how. Because of that, most people choose to hire a solar panel installer. The expertise that solar installers offer can be useful as well, especially if you aren't sure what kind of solar equipment would be right for your home.
Working with a professional solar company can help you make the most of your investment in solar. 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 Canandaigua
Factors that Affect Solar Panel Costs in Canandaigua
Even though the average cost of a solar system in Canandaigua is $9,520, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,950 per kilowatt in Canandaigua. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Canandaigua, which can bring down, 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 put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can influence how much it costs. Canandaigua's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $8,069 | 15.4 years |
| 8 kW | $3.01 | $16,850 | $11,089 | 15.1 years |
| 10 kW | $2.95 | $20,650 | $14,274 | 14.8 years |
| 12 kW | $2.89 | $24,284 | $17,624 | 14.5 years |
| 14 kW | $2.83 | $27,754 | $21,140 | 14.2 years |
| 16 kW | $2.77 | $31,058 | $24,820 | 13.9 years |
| 18 kW | $2.71 | $34,196 | $28,666 | 13.6 years |
| 20 kW | $2.66 | $37,170 | $32,678 | 13.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
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 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 $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Canandaigua, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs 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.