Solar Panel Cost Guide in Ellery, NY (2023 Update)
- Ellery Solar Installation Cost: $9,582
- 25-Year Savings: $6,081
- Payback Period: 15.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ellery
Find out what the average cost of a solar system is in Ellery.
In Ellery, 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 energy system. The actual cost of installing solar panels can vary based on several factors, such as what size system you need, your energy consumption and what installation company you go with. With typical savings of about $13,000 on utility bills over 20 years, many homeowners in Ellery find going solar can pay off big.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Ellery
| Year | Return on Investment |
|---|---|
| 1 years | $-8,955 |
| 3 years | $-7,702 |
| 5 years | $-6,449 |
| 7 years | $-5,196 |
| 9 years | $-3,943 |
| 11 years | $-2,690 |
| 13 years | $-1,437 |
| 15 years | $-184 |
| 17 years | $1,069 |
| 19 years | $2,322 |
| 21 years | $3,575 |
| 23 years | $4,828 |
| 25 years | $6,081 |
Top Solar Installers in Ellery
Trying to install solar panels by yourself can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be right for you.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Ellery
Factors that Affect Solar Panel Costs in Ellery
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Ellery: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation 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 $2,950. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Ellery homeowners decide to finance their solar panel systems to make paying for 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 larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Ellery, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.07 | $12,886 | $7,378 | 15.9 years |
| 8 kW | $3.01 | $16,850 | $10,167 | 15.6 years |
| 10 kW | $2.95 | $20,650 | $13,122 | 15.3 years |
| 12 kW | $2.89 | $24,284 | $16,242 | 15.0 years |
| 14 kW | $2.83 | $27,754 | $19,527 | 14.7 years |
| 16 kW | $2.77 | $31,058 | $22,978 | 14.4 years |
| 18 kW | $2.71 | $34,196 | $26,593 | 14.1 years |
| 20 kW | $2.66 | $37,170 | $30,374 | 13.8 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining 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 some important things you should keep in mind, such as:
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Solar Panel Brands: The brand of solar panel you want to install plays a part in which company you should go with, since different companies provide different panels.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
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 Ellery, NY Solar Cost FAQs
How much does it cost to install solar panels in Ellery?
The average cost of solar panels in Ellery 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last 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 higher amount 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.