Solar Panel Cost Guide in Cortlandville, NY (2023 Update)
- Cortlandville Solar Installation Cost: $9,600
- 25-Year Savings: $5,904
- Payback Period: 15.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Cortlandville
We go over average solar pricing in Cortlandville.
In Cortlandville, solar panels cost about 2.95 per watt on average. Using this figure, a typical 4.7-kW system would cost about $9,602 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Cortlandville homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar power is worth paying. On average Cortlandville homeowners see about $13,000 in savings on utility bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in your area for a customized quote.
Solar savings over time in Cortlandville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,757 |
| 3 years | $-7,072 |
| 5 years | $-5,387 |
| 7 years | $-3,703 |
| 9 years | $-2,018 |
| 11 years | $-333 |
| 13 years | $1,352 |
| 15 years | $3,037 |
| 17 years | $4,722 |
| 19 years | $6,407 |
| 21 years | $8,092 |
| 23 years | $9,777 |
| 25 years | $11,462 |
Top Solar Installers in Cortlandville
Trying to put up solar panels on your own can be a time-consuming undertaking, which is why using a solar installer is a good option for many homeowners. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be best for you.
If you'd like to switch to solar energy but still aren't sure which solar panel company to go with, here are our recommendations for providers near you:
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 Cortlandville
Factors that Affect Solar Panel Costs in Cortlandville
For many Cortlandville homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Cortlandville, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,950 per kilowatt in Cortlandville. The solar equipment you choose can bring your price up or down 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 electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Cortlandville average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Cortlandville homeowners decide to finance their solar panel systems to offset upfront costs. While solar loans make adopting solar energy more accessible for Cortlandville homeowners, they can also add to 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 solar company you hire to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Cortlandville, and each can charge varying amounts for labor and equipment. Additionally, some companies in Cortlandville know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $3.07 | $12,886 | $7,124 | 16.1 years |
| 8 kW | $3.01 | $16,850 | $9,829 | 15.8 years |
| 10 kW | $2.95 | $20,650 | $12,699 | 15.5 years |
| 12 kW | $2.89 | $24,284 | $15,735 | 15.2 years |
| 14 kW | $2.83 | $27,754 | $18,936 | 14.9 years |
| 16 kW | $2.77 | $31,058 | $22,302 | 14.6 years |
| 18 kW | $2.71 | $34,196 | $25,833 | 14.2 years |
| 20 kW | $2.66 | $37,170 | $29,529 | 13.9 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 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 get plays a role in which company you should choose, since different companies have access to different panels.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Your solar installer should have a sound reputation as a company and have proven 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 good reviews from past customers.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
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 Cortlandville, NY Solar Cost FAQs
How much does it cost to install solar panels in Cortlandville?
The average cost of solar panels in Cortlandville 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Cortlandville?
Leasing solar panels can be an attractive choice, because it usually 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 eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $666.99 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.