Solar Panel Cost Guide in Chenango, NY (Nov 2022)

  • Chenango Solar Installation Cost: $9,582
  • 25-Year Savings: $5,218
  • Payback Period: 16.2 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Chenango

We go over average solar pricing in Chenango.

In Chenango, solar panels cost about $3 per watt on average. To account for the typical energy needs of the average home in Chenango, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs around $9,582, or $7,091 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of going solar can vary depending on a few factors, such as what size system you need, your energy usage and what installation company you go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $12,000 over 20 years on energy bills.

You can click the button below to get connected with a pre-vetted 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

Although it's possible to install solar panels on your own, it takes extra labor and expertise. For that reason, almost all homeowners choose to hire a solar panel installer. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.

If you'd like to make the switch to solar but still aren't certain which solar system installer to go with, here are our suggestions for providers nearby:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

There are many criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size. Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,950. There are many different solar panel brands and the one you choose also affects the cost. Generally, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar companies in Chenango provide solar loans, which reduce your upfront costs of installing solar panels. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panel system can influence how much it costs. Chenango's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that has the products, warranties and services you want and also fits 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 $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

There are numerous companies available in Chenango, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:

  • Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
  • Solar Panel Brands: Different companies offer various brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

How much does it cost to install 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 kind of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Chenango?

Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.

Can you sell solar power back to the grid in Chenango?

The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How many solar panels should I get to power my home?

To figure out what solar panel system size 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.

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