Solar Panel Cost Guide in Dryden, NY (2023 Update)
- Dryden Solar Installation Cost: $9,622
- 25-Year Savings: $5,689
- Payback Period: 15.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Dryden
We go over average solar pricing in Dryden.
Although the national average of solar panels is $2.66 per watt, solar panels in Dryden typically cost around 2.95. Using this figure, a typical 4.7-kW system would cost about $9,623 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will most likely differ based on the amount of energy your home requires and what company you go with. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Dryden see about $12,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar installer in your area for a customized estimate.
Solar savings over time in Dryden
| Year | Return on Investment |
|---|---|
| 1 years | $-8,796 |
| 3 years | $-7,144 |
| 5 years | $-5,493 |
| 7 years | $-3,841 |
| 9 years | $-2,189 |
| 11 years | $-537 |
| 13 years | $1,115 |
| 15 years | $2,767 |
| 17 years | $4,418 |
| 19 years | $6,070 |
| 21 years | $7,722 |
| 23 years | $9,374 |
| 25 years | $11,026 |
Top Solar Installers in Dryden
Although you can install solar panels yourself, it requires extra energy and know-how. That's why most homeowners choose to go with a solar panel installer. The expertise that solar installers offer can be invaluable as well, particularly if you don't quite know what type of solar equipment would be right for your home.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Dryden:
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 Dryden
Factors that Affect Solar Panel Costs in Dryden
The cost of installing a solar system in Dryden can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The model of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Dryden, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. Even though solar loans make going solar more accessible for Dryden 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 avoid paying as much in interest.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Dryden, you'll have many options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Dryden are more knowledgeable 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 | $6,830 | 16.3 years |
| 8 kW | $3.01 | $16,850 | $9,437 | 16.0 years |
| 10 kW | $2.95 | $20,650 | $12,210 | 15.7 years |
| 12 kW | $2.89 | $24,284 | $15,147 | 15.4 years |
| 14 kW | $2.83 | $27,754 | $18,250 | 15.1 years |
| 16 kW | $2.77 | $31,058 | $21,518 | 14.8 years |
| 18 kW | $2.71 | $34,196 | $24,951 | 14.5 years |
| 20 kW | $2.66 | $37,170 | $28,549 | 14.1 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which type 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 ask for their list of offerings before deciding.
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 Dryden, NY Solar Cost FAQs
What is the average cost of installing solar panels in Dryden?
The average cost of solar panels in Dryden 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 model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Dryden?
Leasing solar panels can be an option if you can't afford to pay upfront or secure 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 financial benefits from going solar.
How much can I save on electricity bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Dryden, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses 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.