Solar Panel Cost Guide in Chittenango, NY (2024 Update)
- Chittenango Solar Installation Cost: $11,795
- 25-Year Savings: $6,674
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Chittenango
Here’s how much it might cost to switch to solar power in Chittenango.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Chittenango, the average cost of solar panels is 4 per watt.Since a 4.6-kW system is needed to cover the energy usage of a typical home in Chittenango, the average price of going solar will be about $11,795 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Chittenango homeowners. The price 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.With average savings of about $13,000 on energy bills over 20 years, many homeowners in Chittenango find installing solar panels can pay off big.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Chittenango
| Year | Return on Investment |
|---|---|
| 1 years | $-10,887 |
| 3 years | $-9,069 |
| 5 years | $-7,252 |
| 7 years | $-5,435 |
| 9 years | $-3,618 |
| 11 years | $-1,801 |
| 13 years | $16 |
| 15 years | $1,833 |
| 17 years | $3,651 |
| 19 years | $5,468 |
| 21 years | $7,285 |
| 23 years | $9,102 |
| 25 years | $10,919 |
Top Solar Installers in Chittenango
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be hard. Local solar installers can also help you maximize your return on investment by assisting with any local incentives and by offering warranties and repairs.
There are various licensed solar professionals that can help you install your solar panels. 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Chittenango
Factors that Affect Solar Panel Costs in Chittenango
The cost of installing a solar system in Chittenango can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,650.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Chittenango average.
Solar Financing Terms
Most solar installers in Chittenango have solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also adds to your all-in costs, so it’s vital to take that into consideration 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 remaining significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Chittenango, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Chittenango have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $3.80 | $15,943 | $5,121 | 18.9 years |
| 8 kW | $3.72 | $20,849 | $7,236 | 18.6 years |
| 10 kW | $3.65 | $25,550 | $9,557 | 18.2 years |
| 12 kW | $3.58 | $30,047 | $12,081 | 17.8 years |
| 14 kW | $3.50 | $34,339 | $14,810 | 17.5 years |
| 16 kW | $3.43 | $38,427 | $17,743 | 17.1 years |
| 18 kW | $3.36 | $42,311 | $20,881 | 16.7 years |
| 20 kW | $3.29 | $45,990 | $24,223 | 16.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose considerably influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Chittenango, NY Solar Cost FAQs
What is the average cost of installing solar panels in Chittenango?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase your property value?
Solar panels can increase the value of your home 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 solar panels."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.