Solar Panel Cost Guide in Depew, NY (2023 Update)
- Depew Solar Installation Cost: $9,458
- 25-Year Savings: $5,811
- Payback Period: 15.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Depew
Find out what the average cost of a solar system is in Depew.
The national average cost of solar panels is $2.66 per watt, but in Depew it's 2.95 per watt. Since a 4.6-kW system is needed to cover the energy costs of a typical home in Depew, the average price of going solar will be about $9,458 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more. Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Depew can save about $13,000 on their electricity bills over 20 years.
To receive a free quote from a pre-vetted solar installation company in Depew, you can click the button below.
Solar savings over time in Depew
| Year | Return on Investment |
|---|---|
| 1 years | $-8,847 |
| 3 years | $-7,625 |
| 5 years | $-6,404 |
| 7 years | $-5,182 |
| 9 years | $-3,961 |
| 11 years | $-2,739 |
| 13 years | $-1,518 |
| 15 years | $-296 |
| 17 years | $925 |
| 19 years | $2,147 |
| 21 years | $3,368 |
| 23 years | $4,590 |
| 25 years | $5,811 |
Top Solar Installers in Depew
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make switching to solar power much easier. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be best for your family.
If you're on the hunt for a solar company in Depew, the EcoWatch team has put together a list of our top suggestions here:
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 Depew
Factors that Affect Solar Panel Costs in Depew
The cost of installing a solar system in Depew can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Depew, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past power bills. Your total cost can increase by around $2,950 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Depew, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar system can affect the cost. Depew's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $3.07 | $12,886 | $7,128 | 16.1 years |
| 8 kW | $3.01 | $16,850 | $9,834 | 15.8 years |
| 10 kW | $2.95 | $20,650 | $12,705 | 15.5 years |
| 12 kW | $2.89 | $24,284 | $15,742 | 15.2 years |
| 14 kW | $2.83 | $27,754 | $18,944 | 14.9 years |
| 16 kW | $2.77 | $31,058 | $22,311 | 14.5 years |
| 18 kW | $2.71 | $34,196 | $25,843 | 14.2 years |
| 20 kW | $2.66 | $37,170 | $29,540 | 13.9 years |
How to Save on Solar Panels
There are numerous companies to choose from in Depew, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
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 Depew, NY Solar Cost FAQs
How much does it cost to install solar panels in Depew?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Depew, 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 contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Depew?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.