Solar Panel Cost Guide in Carroll, NY (2023 Update)
- Carroll Solar Installation Cost: $9,582
- 25-Year Savings: $4,672
- Payback Period: 16.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Carroll
We go over average solar pricing in Carroll.
The average cost of a solar system in Carroll is 2.95 per watt. Since a 4.6-kW system is needed to cover the energy usage of a typical home in Carroll, the average price of going solar will be about $9,582 after claiming the federal solar tax credit of 30%.
The actual price you pay can go above or below the average in Carroll depending on a few factors, such as the kind of solar panels you choose and the solar company you hire. With average savings of about $12,000 on energy bills over 20 years, many homeowners in Carroll find going solar has a decent ROI.
Click the button below to get connected to a highly rated solar company in your area for a custom quote.
Solar savings over time in Carroll
| Year | Return on Investment |
|---|---|
| 1 years | $-9,011 |
| 3 years | $-7,871 |
| 5 years | $-6,731 |
| 7 years | $-5,591 |
| 9 years | $-4,450 |
| 11 years | $-3,310 |
| 13 years | $-2,170 |
| 15 years | $-1,029 |
| 17 years | $111 |
| 19 years | $1,251 |
| 21 years | $2,391 |
| 23 years | $3,532 |
| 25 years | $4,672 |
Top Solar Installers in Carroll
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Using a solar panel installer can make swapping over to solar power much easier. Some solar installers, especially local ones, can help you make the most of incentives in Carroll, optimizing your ROI.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our recommendations for providers in Carroll:
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 Carroll
Factors that Affect Solar Panel Costs in Carroll
The cost of installing a solar system in Carroll can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That's why it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Carroll average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Carroll, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. Even though solar loans make adopting solar energy more accessible for Carroll homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can impact your pricing. Carroll's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $5,555 | 17.5 years |
| 8 kW | $3.01 | $16,850 | $7,737 | 17.1 years |
| 10 kW | $2.95 | $20,650 | $10,085 | 16.8 years |
| 12 kW | $2.89 | $24,284 | $12,597 | 16.5 years |
| 14 kW | $2.83 | $27,754 | $15,275 | 16.1 years |
| 16 kW | $2.77 | $31,058 | $18,118 | 15.8 years |
| 18 kW | $2.71 | $34,196 | $21,126 | 15.5 years |
| 20 kW | $2.66 | $37,170 | $24,299 | 15.1 years |
How to Save on Solar Panels
The solar panel company you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely offer good-quality solar panel installation and expertise.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
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 Carroll, NY Solar Cost FAQs
How much does it cost to install solar panels in Carroll?
The average cost of solar panels in Carroll 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels eliminate my power 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 $614.69 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.