Solar Panel Cost Guide in Colesville, NY (Mar 2023)
- Colesville Solar Installation Cost: $9,582
- 25-Year Savings: $4,875
- Payback Period: 16.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Colesville
See how much it might cost to make the switch to solar in Colesville.
The average cost of a solar system in Colesville is 2.95 per watt. The average Colesville 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.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of equipment you want to get, your solar contractor and more. Even with the significant upfront cost, the average Colesville homeowner can save around $12,000 on their energy bills over 20 years, which is one of the positives of solar.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Colesville
| Year | Return on Investment |
|---|---|
| 1 years | $-9,003 |
| 3 years | $-7,847 |
| 5 years | $-6,690 |
| 7 years | $-5,534 |
| 9 years | $-4,377 |
| 11 years | $-3,221 |
| 13 years | $-2,064 |
| 15 years | $-908 |
| 17 years | $249 |
| 19 years | $1,405 |
| 21 years | $2,562 |
| 23 years | $3,718 |
| 25 years | $4,875 |
Top Solar Installers in Colesville
Installing solar panels by yourself can be a dangerous undertaking, which is why getting a solar installer is a good option for many homeowners. The expertise that solar installers offer can be valuable as well, particularly if you aren't sure what brand of solar equipment would be right for your home.
There are several licensed solar professionals that can install solar panels for you. 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 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 Colesville
Factors that Affect Solar Panel Costs in Colesville
The cost of installing a solar system in Colesville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,950. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Colesville provide solar loans, which reduce the initial cost of installing solar. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can impact your pricing. Colesville's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $5,804 | 17.2 years |
| 8 kW | $3.01 | $16,850 | $8,070 | 16.9 years |
| 10 kW | $2.95 | $20,650 | $10,500 | 16.6 years |
| 12 kW | $2.89 | $24,284 | $13,096 | 16.2 years |
| 14 kW | $2.83 | $27,754 | $15,856 | 15.9 years |
| 16 kW | $2.77 | $31,058 | $18,782 | 15.6 years |
| 18 kW | $2.71 | $34,196 | $21,874 | 15.2 years |
| 20 kW | $2.66 | $37,170 | $25,130 | 14.9 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 find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The type of solar panel you need to install plays a role in which installer you should opt for, since different companies provide different panels.
- Reputation: Long-running companies likely have a high 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 support, such as part repairs and replacements.
- Warranty: If you're worried about the endurance of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
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 Colesville, NY Solar Cost FAQs
What is the average cost of installing solar panels in Colesville?
The average cost of solar panels in Colesville is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Colesville?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $623.00 per year.
How long do solar panels last in Colesville?
On average, solar panels can last 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.