Solar Panel Cost Guide in Eggertsville, NY (2024 Update)
- Eggertsville Solar Installation Cost: $11,696
- 25-Year Savings: $6,754
- Payback Period: 18.0 Years
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Average Cost of Solar Panels in Eggertsville
We break down average solar pricing in Eggertsville.
In Eggertsville, solar panels cost about 4 per watt on average.The average Eggertsville homeowner needs a 4.6-kilowatt system, which would cost about $11,696 with the federal tax credit, or $16,725 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary depending on a few factors, such as what size system you need, your energy consumption and what company you go with.With average savings of about $13,000 on electricity bills over 20 years, many homeowners in Eggertsville find installing solar panels can be quite rewarding.
Click the button below to get connected to a reputable solar company in Eggertsville for a personalized estimate.
Solar savings over time in Eggertsville
Year | Return on Investment |
---|---|
1 years | $-10,787 |
3 years | $-8,970 |
5 years | $-7,153 |
7 years | $-5,336 |
9 years | $-3,519 |
11 years | $-1,702 |
13 years | $116 |
15 years | $1,933 |
17 years | $3,750 |
19 years | $5,567 |
21 years | $7,384 |
23 years | $9,201 |
25 years | $11,018 |
Top Solar Installers in Eggertsville
Although it's possible to install solar panels on your own, it takes extra time and know-how. That's one of the reasons most people choose to hire a solar panel installer. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Eggertsville
Factors that Affect Solar Panel Costs in Eggertsville
Even though the average cost of a solar system in Eggertsville is $11,696, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,650.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Eggertsville average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Eggertsville homeowners choose to finance their solar panel systems to make going solar more affordable.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Eggertsville is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that offer a range of services for different budgets.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $5,299 | 18.8 years |
8 kW | $3.72 | $20,849 | $7,475 | 18.4 years |
10 kW | $3.65 | $25,550 | $9,854 | 18.0 years |
12 kW | $3.58 | $30,047 | $12,438 | 17.7 years |
14 kW | $3.50 | $34,339 | $15,227 | 17.3 years |
16 kW | $3.43 | $38,427 | $18,220 | 17.0 years |
18 kW | $3.36 | $42,311 | $21,417 | 16.6 years |
20 kW | $3.29 | $45,990 | $24,819 | 16.2 years |
How to Save on Solar Panels
The solar company you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Installation Process: When making the switch to solar power, it’s crucial to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Eggertsville, NY Solar Cost FAQs
How much does it cost to install solar panels in Eggertsville?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Eggertsville?
Leasing solar panels can be an attractive choice, because it commonly 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 get the most savings.
Is it worth going solar in Eggertsville?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels should I get 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 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.