Solar Panel Cost Guide in Canandaigua, NY (2023 Update)
- Canandaigua Solar Installation Cost: $9,520
- 25-Year Savings: $6,578
- Payback Period: 14.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Canandaigua
Here's how much it might cost to switch to solar power in Canandaigua.
The average cost of a solar system in Canandaigua is 2.95 per watt. The average Canandaigua homeowner needs a 4.6-kilowatt system, which would cost about $9,520 with the federal tax credit, or $13,614 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Canandaigua homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the high initial cost, the average Canandaigua homeowner can save around $13,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Canandaigua
| Year | Return on Investment |
|---|---|
| 1 years | $-8,876 |
| 3 years | $-7,588 |
| 5 years | $-6,300 |
| 7 years | $-5,012 |
| 9 years | $-3,724 |
| 11 years | $-2,437 |
| 13 years | $-1,149 |
| 15 years | $139 |
| 17 years | $1,427 |
| 19 years | $2,715 |
| 21 years | $4,002 |
| 23 years | $5,290 |
| 25 years | $6,578 |
Top Solar Installers in Canandaigua
Putting up solar panels by yourself can be a time-consuming project, which is why hiring a solar installation company is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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
There are a number of factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,950. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Canandaigua, 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 out of reach, solar loans are a popular choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Canandaigua, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Canandaigua know more 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 end up saving you 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 | $8,069 | 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 solar installer you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 things like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Canandaigua?
Solar panels aren't free in Canandaigua, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Canandaigua?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How many solar panels do I need to power 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 generally produce about 250 to 400 watt-hours per hour, the average house 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.