Solar Panel Cost Guide in Erwin, NY (2024 Update)
- Erwin Solar Installation Cost: $11,783
- 25-Year Savings: $6,963
- Payback Period: 17.9 Years
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Average Cost of Solar Panels in Erwin
Find out what the average cost of solar panel installation is in Erwin.
The average cost of a solar system in Erwin is 4 per watt.The average solar panel system size in Erwin is around 4.6 kilowatts, meaning a cost of about $11,783 for a solar installation, or $16,850 before the 0 federal solar tax credit is applied.
The true cost of your system can go above or below the average in Erwin based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $14,000 in savings on electricity bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Erwin
| Year | Return on Investment |
|---|---|
| 1 years | $-10,957 |
| 3 years | $-9,305 |
| 5 years | $-7,653 |
| 7 years | $-6,001 |
| 9 years | $-4,349 |
| 11 years | $-2,698 |
| 13 years | $-1,046 |
| 15 years | $606 |
| 17 years | $2,258 |
| 19 years | $3,910 |
| 21 years | $5,562 |
| 23 years | $7,214 |
| 25 years | $8,865 |
Top Solar Installers in Erwin
Although it's possible to install solar panels on your own, it involves extra effort and expertise. That's one of the reasons most homeowners choose to go with a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Erwin
Factors that Affect Solar Panel Costs in Erwin
There are many criteria that can play into 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 system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Erwin offer solar loans, which reduce your upfront costs of installing solar panels.Although solar loans make adopting solar energy more accessible for Erwin homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can affect the cost. Erwin’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that 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 at a higher cost. It’s best to do some research and decide on the company that offers the products, warranties and services you want and also fits 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 | $3.80 | $15,943 | $5,506 | 18.6 years |
| 8 kW | $3.72 | $20,849 | $7,750 | 18.2 years |
| 10 kW | $3.65 | $25,550 | $10,198 | 17.9 years |
| 12 kW | $3.58 | $30,047 | $12,851 | 17.5 years |
| 14 kW | $3.50 | $34,339 | $15,708 | 17.2 years |
| 16 kW | $3.43 | $38,427 | $18,770 | 16.8 years |
| 18 kW | $3.36 | $42,311 | $22,036 | 16.4 years |
| 20 kW | $3.29 | $45,990 | $25,506 | 16.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- 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 large role in the company you opt for.
- Installation Process: When making the switch to solar, it’s necessary to keep an open line of communication with your solar company. Make sure you understand how the installation process will go and the completion timeline.
- Contract: When reading 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 component breaking or if the company goes out of business.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Erwin, NY Solar Cost FAQs
What is the average cost of installing solar panels in Erwin?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Erwin?
You can’t get solar panels for free in Erwin. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $714.96 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 level 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.