Solar Panel Cost Guide in Eden, NY (2023 Update)
- Eden Solar Installation Cost: $9,458
- 25-Year Savings: $6,222
- Payback Period: 15.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Eden
Find out what the average cost of solar panel installation is in Eden.
In Eden, solar panels cost about 2.95 per watt on average. The average Eden homeowner needs a 4.6-kilowatt system, which would cost about $9,458 with the federal tax credit, or $13,525 before the 30% tax credit is applied.
These figures are only estimates, and your own solar costs will most likely vary based on factors unique to your home and what company you want to go with. For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Eden see about $13,000 in savings on energy bills over 20 years.
To get a free estimate from a highly rated solar installer in Eden, you can click the button below.
Solar savings over time in Eden
| Year | Return on Investment |
|---|---|
| 1 years | $-8,831 |
| 3 years | $-7,576 |
| 5 years | $-6,322 |
| 7 years | $-5,067 |
| 9 years | $-3,813 |
| 11 years | $-2,559 |
| 13 years | $-1,304 |
| 15 years | $-50 |
| 17 years | $1,204 |
| 19 years | $2,459 |
| 21 years | $3,713 |
| 23 years | $4,967 |
| 25 years | $6,222 |
Top Solar Installers in Eden
Trying to install solar panels on your own can be a time-consuming project, which is why getting a solar installation company is a good option for many homeowners. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.
If you're on the hunt for a solar company in Eden, we've organized 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 Eden
Factors that Affect Solar Panel Costs in Eden
There are a number of criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $2,950 per kilowatt in Eden. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Eden, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Eden, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. It's wise 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 the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can influence how much it costs. Eden's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that offers the products, warranties and services you're looking for and also is within your budget.
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 | $7,665 | 15.7 years |
| 8 kW | $3.01 | $16,850 | $10,551 | 15.4 years |
| 10 kW | $2.95 | $20,650 | $13,602 | 15.1 years |
| 12 kW | $2.89 | $24,284 | $16,818 | 14.8 years |
| 14 kW | $2.83 | $27,754 | $20,199 | 14.5 years |
| 16 kW | $2.77 | $31,058 | $23,745 | 14.2 years |
| 18 kW | $2.71 | $34,196 | $27,457 | 13.9 years |
| 20 kW | $2.66 | $37,170 | $31,333 | 13.6 years |
How to Save on Solar Panels
The solar panel company you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Solar Panel Brands: Each solar panel brand and kind offers 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.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: Look through the contract terms carefully to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
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 Eden, NY Solar Cost FAQs
How much does it cost to install solar panels in Eden?
The average cost of solar panels in Eden 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 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 Eden?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback 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 get the most savings.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Eden, that will require at least a 10-kW system. Not all homes 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 long do solar panels last in Eden?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.