Solar Panel Cost Guide in Chenango, NY (Mar 2023)
- Chenango Solar Installation Cost: $9,582
- 25-Year Savings: $5,218
- Payback Period: 16.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Chenango
We go over average solar pricing in Chenango.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Chenango, the average cost of solar panels is 2.95 per watt. The average Chenango homeowner needs a 4.6-kilowatt system, which would cost about $9,582 with the federal tax credit, or $13,702 before the 30% tax credit is applied.
The true cost of your system can be above or below the average in Chenango depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. Many homeowners find installing solar panels is a solid investment. The average homeowner in Chenango can save around $12,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Chenango that can help you get a more accurate cost estimate for your home.
Solar savings over time in Chenango
| Year | Return on Investment |
|---|---|
| 1 years | $-8,990 |
| 3 years | $-7,806 |
| 5 years | $-6,622 |
| 7 years | $-5,438 |
| 9 years | $-4,254 |
| 11 years | $-3,070 |
| 13 years | $-1,886 |
| 15 years | $-702 |
| 17 years | $482 |
| 19 years | $1,666 |
| 21 years | $2,850 |
| 23 years | $4,034 |
| 25 years | $5,218 |
Top Solar Installers in Chenango
Trying to install solar panels on your own can be a dangerous task, which is why hiring a solar installer is a good option for many homeowners. Another perk of going with a solar installer is that they can help you maximize your ROI by cutting back on future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
Working with a licensed solar installer can make going solar easier. 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Chenango
Factors that Affect Solar Panel Costs in Chenango
For many Chenango homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Chenango, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,950 per kilowatt in Chenango. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Chenango average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Chenango homeowners opt to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your overall costs, so it's vital to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion 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 | $3.07 | $12,886 | $6,249 | 16.8 years |
| 8 kW | $3.01 | $16,850 | $8,662 | 16.5 years |
| 10 kW | $2.95 | $20,650 | $11,241 | 16.2 years |
| 12 kW | $2.89 | $24,284 | $13,984 | 15.9 years |
| 14 kW | $2.83 | $27,754 | $16,893 | 15.5 years |
| 16 kW | $2.77 | $31,058 | $19,967 | 15.2 years |
| 18 kW | $2.71 | $34,196 | $23,207 | 14.9 years |
| 20 kW | $2.66 | $37,170 | $26,611 | 14.6 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Contract: Look through the contract terms carefully to make sure you understand the overall cost, project completion timeline incentives and warranties.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.
- Solar Panel Brands: The kind of solar panel you want to get plays a role in which company you should go with, since different companies have access to different panels.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Chenango, NY Solar Cost FAQs
What is the average cost of installing solar panels in Chenango?
The average cost of solar panels in Chenango 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 such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Chenango?
You can't get solar panels for free in Chenango. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.