Solar Panel Cost Guide in Elma, NY (Feb 2023)
- Elma Solar Installation Cost: $9,458
- 25-Year Savings: $5,577
- Payback Period: 15.7 Years
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Top Solar Installers in Elma
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar company can make converting to solar power much easier. Some solar companies, especially local ones, can help you make the most of incentives in Elma, optimizing your ROI.
If you'd like to start using solar energy but still aren't certain which solar system installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Elma
Factors that Affect Solar Panel Costs in Elma
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Elma: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $2,950 per kilowatt in Elma. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Elma, 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 Elma offer solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also increases your all-in costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can impact your pricing. Elma's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have 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||$3.07||$12,886||$6,820||16.3 years|
|8 kW||$3.01||$16,850||$9,424||16.0 years|
|10 kW||$2.95||$20,650||$12,193||15.7 years|
|12 kW||$2.89||$24,284||$15,127||15.4 years|
|14 kW||$2.83||$27,754||$18,227||15.1 years|
|16 kW||$2.77||$31,058||$21,491||14.8 years|
|18 kW||$2.71||$34,196||$24,921||14.5 years|
|20 kW||$2.66||$37,170||$28,516||14.1 years|
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: If you're worried about the longevity of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Not all solar installers 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 choose.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, project completion timeline rebates and warranties.
EcoWatch's Elma, NY Solar Cost FAQs
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.