Solar Panel Cost Guide in Candor, NY (2023 Update)
- Candor Solar Installation Cost: $9,540
- 25-Year Savings: $4,965
- Payback Period: 16.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Candor
Here's how much it might cost to go solar in Candor.
In Candor, solar panels cost about 2.95 per watt on average. The average solar panel system size in Candor is around 4.6 kilowatts, meaning a cost of about $9,540 for a solar installation, or $13,642 before the 30% federal solar tax credit is applied.
These figures are only averages, and your own solar costs may look different based on your specific situation and what company you want to go with. Despite the large upfront cost, the average Candor homeowner can save about $12,000 on their electricity bills over 20 years, which is one of the perks of solar.
To receive a free quote from a vetted solar installer in Candor, you can click the button below.
Solar savings over time in Candor
| Year | Return on Investment |
|---|---|
| 1 years | $-8,960 |
| 3 years | $-7,800 |
| 5 years | $-6,639 |
| 7 years | $-5,479 |
| 9 years | $-4,318 |
| 11 years | $-3,158 |
| 13 years | $-1,997 |
| 15 years | $-837 |
| 17 years | $323 |
| 19 years | $1,484 |
| 21 years | $2,644 |
| 23 years | $3,805 |
| 25 years | $4,965 |
Top Solar Installers in Candor
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Hiring a solar company can make switching to solar power much easier. Local solar companies can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
If you're looking for a solar installer in Candor, we've compiled a list of our top suggestions here:
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 Candor
Factors that Affect Solar Panel Costs in Candor
The cost of installing a solar system in Candor can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Candor, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Candor homeowners choose to finance their solar panel systems to make going solar more affordable. Although solar loans make adopting solar energy more accessible for Candor homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can affect the cost. Candor's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that has the products, warranties and services you're looking for and also is within your budget.
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 | $5,946 | 17.1 years |
| 8 kW | $3.01 | $16,850 | $8,258 | 16.8 years |
| 10 kW | $2.95 | $20,650 | $10,736 | 16.4 years |
| 12 kW | $2.89 | $24,284 | $13,378 | 16.1 years |
| 14 kW | $2.83 | $27,754 | $16,186 | 15.8 years |
| 16 kW | $2.77 | $31,058 | $19,159 | 15.5 years |
| 18 kW | $2.71 | $34,196 | $22,298 | 15.1 years |
| 20 kW | $2.66 | $37,170 | $25,601 | 14.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- 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 big role in the company you choose.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
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 Candor, NY Solar Cost FAQs
What is the average cost of installing solar panels in Candor?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Candor?
Solar panels aren't free in Candor, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Candor?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs 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.