Solar Panel Cost Guide in East Bloomfield, NY (2023 Update)
- East Bloomfield Solar Installation Cost: $9,518
- 25-Year Savings: $6,950
- Payback Period: 14.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in East Bloomfield
We break down average solar pricing in East Bloomfield.
While the national average of solar panels is $2.66 per watt, solar panels in East Bloomfield generally cost about 2.95. The average East Bloomfield homeowner needs a 4.6-kilowatt system, which would cost about $9,520 with the federal tax credit, or $13,614 before the 30% tax credit is applied.
The true cost of your system can be above or below the average in East Bloomfield based on a variety of factors, such as the model of solar panels you choose and the solar company you hire. With average savings of about $14,000 on energy bills over 20 years, many homeowners in East Bloomfield find going solar can be quite rewarding.
You can click the button below to get connected with a top solar company in East Bloomfield that can help you get a more accurate cost estimate for your home.
Solar savings over time in East Bloomfield
| Year | Return on Investment |
|---|---|
| 1 years | $-8,631 |
| 3 years | $-6,856 |
| 5 years | $-5,082 |
| 7 years | $-3,307 |
| 9 years | $-1,532 |
| 11 years | $242 |
| 13 years | $2,017 |
| 15 years | $3,792 |
| 17 years | $5,566 |
| 19 years | $7,341 |
| 21 years | $9,115 |
| 23 years | $10,890 |
| 25 years | $12,665 |
Top Solar Installers in East Bloomfield
When going solar, many homeowners choose to use a solar company since putting up a solar system yourself can be a difficult project. Plus, if you're unsure what brand of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
Working with a professional solar company can help you make the most of your investment in solar. 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 East Bloomfield
Factors that Affect Solar Panel Costs in East Bloomfield
Although the average cost of a solar system in East Bloomfield is $9,520, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
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 important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like East Bloomfield, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in East Bloomfield provide solar loans, which reduce your upfront costs of installing solar. It's a good idea to include 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 off the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can affect your pricing. East Bloomfield's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger 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 | $8,551 | 15.0 years |
| 8 kW | $3.01 | $16,850 | $11,732 | 14.7 years |
| 10 kW | $2.95 | $20,650 | $15,078 | 14.4 years |
| 12 kW | $2.89 | $24,284 | $18,589 | 14.2 years |
| 14 kW | $2.83 | $27,754 | $22,266 | 13.9 years |
| 16 kW | $2.77 | $31,058 | $26,107 | 13.6 years |
| 18 kW | $2.71 | $34,196 | $30,114 | 13.3 years |
| 20 kW | $2.66 | $37,170 | $34,286 | 13.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which kind 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 take a look at their list of options before deciding.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
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 East Bloomfield, NY Solar Cost FAQs
How much does it cost to install solar panels in East Bloomfield?
The average cost of solar panels in East Bloomfield is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in East Bloomfield?
A solar panel system isn't free in East Bloomfield, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in East Bloomfield?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption 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 account for 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.