Solar Panel Cost Guide in Conklin, NY (2023 Update)
- Conklin Solar Installation Cost: $9,582
- 25-Year Savings: $4,187
- Payback Period: 17.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Conklin
We break down average solar pricing in Conklin.
The average cost of solar panels in Conklin is 2.95 per watt. The average solar panel system size in Conklin is around 4.6 kilowatts, meaning a cost of about $9,582 for a solar installation, or $13,702 before the 30% federal solar tax credit is applied.
The true cost of your system can be above or below the average in Conklin depending on a variety of factors, such as the type of solar panels you choose and the solar installer you hire. For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $11,000 in savings on energy bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Conklin
| Year | Return on Investment |
|---|---|
| 1 years | $-9,031 |
| 3 years | $-7,929 |
| 5 years | $-6,828 |
| 7 years | $-5,726 |
| 9 years | $-4,625 |
| 11 years | $-3,523 |
| 13 years | $-2,422 |
| 15 years | $-1,320 |
| 17 years | $-219 |
| 19 years | $883 |
| 21 years | $1,984 |
| 23 years | $3,086 |
| 25 years | $4,187 |
Top Solar Installers in Conklin
Although you can install solar panels by yourself, it takes extra energy and handiness. Because of that, most people choose to go with a solar panel installer. The expertise that solar installers provide can be invaluable as well, especially if you don't quite know what type of solar equipment would be right for your home.
If you'd like to go solar but still aren't certain which solar system installer to go with, here are our suggestions for providers in Conklin:
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 Conklin
Factors that Affect Solar Panel Costs in Conklin
There are many criteria that can determine 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 main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require 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 $2,950. There are many different solar panel brands and the one you pick also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable option because they cut back your upfront costs and let you pay for your system over five to seven years on average. Although solar loans make adopting solar energy more accessible for Conklin homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Conklin, you'll have many options to choose from, but each comes at varying price points for labor and equipment. The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of 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 discount can bring their pricing down 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 | $4,916 | 18.1 years |
| 8 kW | $3.01 | $16,850 | $6,885 | 17.7 years |
| 10 kW | $2.95 | $20,650 | $9,019 | 17.4 years |
| 12 kW | $2.89 | $24,284 | $11,318 | 17.1 years |
| 14 kW | $2.83 | $27,754 | $13,783 | 16.7 years |
| 16 kW | $2.77 | $31,058 | $16,412 | 16.4 years |
| 18 kW | $2.71 | $34,196 | $19,207 | 16.0 years |
| 20 kW | $2.66 | $37,170 | $22,168 | 15.7 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 select the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: The type of solar panel you want to get plays a part in which installer you should opt for, since different companies have different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
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 Conklin, NY Solar Cost FAQs
What is the average cost of installing solar panels in Conklin?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient 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 cities 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.
Does Conklin have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
How long do solar panels last in Conklin?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use 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.