Solar Panel Cost Guide in Dannemora, NY (2024 Update)

  • Dannemora Solar Installation Cost: $11,879
  • 25-Year Savings: $5,551
  • Payback Period: 19.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Dannemora

Find out how much it might cost to go solar in Dannemora.

The national average cost of solar panels is $2.66 per watt, but in Dannemora it’s 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,879 before the 0 federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average Dannemora homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $12,000 over 20 years on utility bills.

Click the button below to get connected to a top solar company in your area for a personalized estimate.

Solar savings over time in Dannemora

Year Return on Investment
1 years $-11,053
3 years $-9,402
5 years $-7,750
7 years $-6,098
9 years $-4,446
11 years $-2,794
13 years $-1,142
15 years $509
17 years $2,161
19 years $3,813
21 years $5,465
23 years $7,117
25 years $8,769

Top Solar Installers in Dannemora

Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using an installer can make converting to solar power much easier. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.

If you’d like to start using solar energy but still aren’t sure which solar company to go with, here are our suggestions for providers near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Dannemora

Factors that Affect Solar Panel Costs in Dannemora

Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Dannemora: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.

Solar Equipment

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 $3,650. There are many different solar panel brands and the one you pick also changes 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 only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar companies in Dannemora have solar loans, which reduce the initial cost of installing a solar system.While solar loans make switching to solar energy more accessible for Dannemora homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

A final factor to consider when trying to figure out the cost of solar for your home or business in Dannemora is the company you hire to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services at different costs.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $3.80 $15,943 $3,610 20.4 years
8 kW $3.72 $20,849 $5,221 20.0 years
10 kW $3.65 $25,550 $7,038 19.6 years
12 kW $3.58 $30,047 $9,059 19.2 years
14 kW $3.50 $34,339 $11,284 18.8 years
16 kW $3.43 $38,427 $13,713 18.4 years
18 kW $3.36 $42,311 $16,347 18.0 years
20 kW $3.29 $45,990 $19,186 17.6 years

How to Save on Solar Panels

Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
  • Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
  • Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Dannemora, NY Solar Cost FAQs

How much does it cost to install solar panels in Dannemora?

This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.

Is cost the most important thing to think about when buying solar panels?

Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.

How much can I save on power bills after switching to solar?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Dannemora, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you should find out how much energy your home requires 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 household 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.

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