Solar Panel Cost Guide in East Bloomfield, NY (2024 Update)
- East Bloomfield Solar Installation Cost: $11,777
- 25-Year Savings: $6,950
- Payback Period: 17.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in East Bloomfield
We break down average solar pricing in East Bloomfield.
The average cost of a solar panel system in East Bloomfield is 4 per watt.The average East Bloomfield homeowner needs a 4.6-kilowatt system, which would cost about $11,777 with the federal tax credit, or $16,841 before the 0 tax credit is applied.
The true cost of your system can go above or below the average in East Bloomfield based on several factors, such as the model of solar panels you choose and the solar installer you hire.Even with the high upfront cost, the average East Bloomfield homeowner can save around $14,000 on their energy bills over 20 years, which is one of the perks of solar.
To receive a free quote from a highly rated solar installation company in East Bloomfield, you can click the button below.
Solar savings over time in East Bloomfield
| Year | Return on Investment |
|---|---|
| 1 years | $-10,890 |
| 3 years | $-9,115 |
| 5 years | $-7,340 |
| 7 years | $-5,566 |
| 9 years | $-3,791 |
| 11 years | $-2,016 |
| 13 years | $-242 |
| 15 years | $1,533 |
| 17 years | $3,308 |
| 19 years | $5,082 |
| 21 years | $6,857 |
| 23 years | $8,632 |
| 25 years | $10,406 |
Top Solar Installers in East Bloomfield
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make swapping over to solar power much easier. Plus, if you’re unsure what type of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
If you're searching for a solar company in East Bloomfield, the EcoWatch team has organized a list of our top suggestions here:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- 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 East Bloomfield
Factors that Affect Solar Panel Costs in East Bloomfield
There are a number of criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines 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 typical energy use.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in East Bloomfield to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies in East Bloomfield, and each can charge different amounts for labor and equipment.Additionally, some companies in East Bloomfield know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $3.80 | $15,943 | $5,494 | 18.6 years |
| 8 kW | $3.72 | $20,849 | $7,734 | 18.2 years |
| 10 kW | $3.65 | $25,550 | $10,178 | 17.9 years |
| 12 kW | $3.58 | $30,047 | $12,827 | 17.5 years |
| 14 kW | $3.50 | $34,339 | $15,680 | 17.2 years |
| 16 kW | $3.43 | $38,427 | $18,738 | 16.8 years |
| 18 kW | $3.36 | $42,311 | $22,000 | 16.4 years |
| 20 kW | $3.29 | $45,990 | $25,466 | 16.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Not all solar companies offer 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.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's East Bloomfield, NY Solar Cost FAQs
What is the average cost of installing solar panels in East Bloomfield?
The average cost of solar panels in East Bloomfield is about $18,250 for a 5-kW system and $36,500 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 consume.
Should I lease or buy solar panels in East Bloomfield?
Leasing solar panels can be an attractive choice, because it often 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How much can I save on energy bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout East Bloomfield, 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 do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.