Solar Panel Cost Guide in Cornwall, NY (2023 Update)
- Cornwall Solar Installation Cost: $8,941
- 25-Year Savings: $15,377
- Payback Period: 9.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Cornwall
We go over average solar pricing in Cornwall.
In Cornwall, solar panels cost about 2.95 per watt on average. Since a 4.3-kW system is needed to cover the energy usage of a typical home in Cornwall, the average price of going solar will be about $8,941 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary based on several factors, such as how many panels you need, your energy usage and what company you go with. With typical savings of about $21,000 on utility bills over 20 years, many homeowners in Cornwall find investing in solar can pay off big.
To get a free quote from a top solar company in Cornwall, you can click the button below.
Solar savings over time in Cornwall
| Year | Return on Investment |
|---|---|
| 1 years | $-7,969 |
| 3 years | $-6,023 |
| 5 years | $-4,078 |
| 7 years | $-2,132 |
| 9 years | $-187 |
| 11 years | $1,759 |
| 13 years | $3,704 |
| 15 years | $5,650 |
| 17 years | $7,595 |
| 19 years | $9,540 |
| 21 years | $11,486 |
| 23 years | $13,431 |
| 25 years | $15,377 |
Top Solar Installers in Cornwall
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make your swap to solar power much easier. The expertise that solar installers offer can be valuable as well, especially if you aren't sure what brand of solar equipment you need.
There are several licensed solar professionals that can help you install your solar system. 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
See all of the solar companies in Cornwall
Factors that Affect Solar Panel Costs in Cornwall
There are many criteria that can determine your solar system 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 panel systems 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 with higher efficiency or power production 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 $2,950. There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. Plus, 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
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Cornwall homeowners choose to finance their solar panel systems to offset upfront costs. Even though solar loans make going solar more accessible for Cornwall homeowners, they can also raise 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Cornwall, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Companies that only sell high-efficiency and high-priced products — 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 provides the products, warranties and services you want and also fit into 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 | $20,829 | 9.6 years |
| 8 kW | $3.01 | $16,850 | $28,102 | 9.4 years |
| 10 kW | $2.95 | $20,650 | $35,540 | 9.2 years |
| 12 kW | $2.89 | $24,284 | $43,144 | 9.0 years |
| 14 kW | $2.83 | $27,754 | $50,913 | 8.8 years |
| 16 kW | $2.77 | $31,058 | $58,847 | 8.6 years |
| 18 kW | $2.71 | $34,196 | $66,946 | 8.5 years |
| 20 kW | $2.66 | $37,170 | $75,211 | 8.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Warranty: If you care about the durability of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
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 Cornwall, NY Solar Cost FAQs
What is the average cost of installing solar panels in Cornwall?
This is a hard question to answer precisely, because the cost depends on a variety of 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Cornwall?
Leasing solar panels can be an option if you can't afford to 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 property 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 bang for your buck from going solar.
How will installing solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Cornwall is currently $280,985, which means you can look forward to a value of about $11,520 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Cornwall is a rewarding investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.