Solar Panel Cost Guide in Corning, NY (Feb 2023)
- Corning Solar Installation Cost: $9,520
- 25-Year Savings: $6,966
- Payback Period: 14.4 Years
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Top Solar Installers in Corning
Although it's possible to install solar panels yourself, it takes extra labor and handiness. For that reason, most people choose a solar panel installer. Plus, if you'd like to maximize your investment in solar, going with a solar installer can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Corning
Factors that Affect Solar Panel Costs in Corning
There are a number of criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,950. There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you're looking to get 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
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Corning homeowners decide to finance their solar panel systems to offset upfront costs. Although solar loans make going solar more accessible for Corning homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Corning have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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||$3.07||$12,886||$8,563||15.0 years|
|8 kW||$3.01||$16,850||$11,748||14.7 years|
|10 kW||$2.95||$20,650||$15,098||14.4 years|
|12 kW||$2.89||$24,284||$18,613||14.2 years|
|14 kW||$2.83||$27,754||$22,294||13.9 years|
|16 kW||$2.77||$31,058||$26,140||13.6 years|
|18 kW||$2.71||$34,196||$30,150||13.3 years|
|20 kW||$2.66||$37,170||$34,326||13.0 years|
How to Save on Solar Panels
Since the type of solar panels and the installer you choose considerably affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
EcoWatch's Corning, NY Solar Cost FAQs
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.