Solar Panel Cost Guide in Dunkirk, NY (2023 Update)
- Dunkirk Solar Installation Cost: $9,577
- 25-Year Savings: $6,630
- Payback Period: 14.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Dunkirk
See how much it might cost to go solar in Dunkirk.
In Dunkirk, solar panels cost about 2.95 per watt on average. Using this figure, a typical 4.6-kW system would cost about $9,582 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary based on several factors, such as how many panels you need, your energy consumption and what company you go with. But, once you've paid the initial cost of installation, the payback for most homeowners is quite good, with a net average savings of about $13,000 over 20 years on power bills.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Dunkirk
| Year | Return on Investment |
|---|---|
| 1 years | $-8,668 |
| 3 years | $-6,851 |
| 5 years | $-5,034 |
| 7 years | $-3,217 |
| 9 years | $-1,399 |
| 11 years | $418 |
| 13 years | $2,235 |
| 15 years | $4,052 |
| 17 years | $5,869 |
| 19 years | $7,686 |
| 21 years | $9,503 |
| 23 years | $11,321 |
| 25 years | $13,138 |
Top Solar Installers in Dunkirk
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring an installer can make your swap to solar power much easier. Also, companies with a high reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Dunkirk
Factors that Affect Solar Panel Costs in Dunkirk
For many Dunkirk homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Dunkirk, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy 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, your total will most likely increase by about $2,950. The solar equipment you choose can increase or decrease your cost 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. However, higher efficiency could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Dunkirk average.
Solar Financing Terms
Most solar installers in Dunkirk provide solar loans, which reduce your upfront costs of installing solar. Even though solar loans make going solar more accessible for Dunkirk homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can play a part in determining how much you pay. Dunkirk's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $8,083 | 15.4 years |
| 8 kW | $3.01 | $16,850 | $11,107 | 15.1 years |
| 10 kW | $2.95 | $20,650 | $14,297 | 14.8 years |
| 12 kW | $2.89 | $24,284 | $17,652 | 14.5 years |
| 14 kW | $2.83 | $27,754 | $21,172 | 14.2 years |
| 16 kW | $2.77 | $31,058 | $24,857 | 13.9 years |
| 18 kW | $2.71 | $34,196 | $28,708 | 13.6 years |
| 20 kW | $2.66 | $37,170 | $32,724 | 13.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While 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 make sure you peruse their list of offerings before deciding.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
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 Dunkirk, NY Solar Cost FAQs
What is the average cost of installing solar panels in Dunkirk?
The average cost of solar panels in Dunkirk 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Dunkirk, 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.
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.