Solar Panel Cost Guide in Gang Mills, NY (2023 Update)
- Gang Mills Solar Installation Cost: $9,520
- 25-Year Savings: $6,966
- Payback Period: 14.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Gang Mills
Find out what the average cost of solar panels are in Gang Mills.
While the national average of solar panels is $2.66 per watt, solar panels in Gang Mills generally cost about 2.95. Using this figure, a typical 4.6-kW system would cost about $9,520 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Gang Mills homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $14,000 over 20 years on electricity bills.
Click the button below to get connected to a highly rated solar panel company in your area for a custom estimate.
Solar savings over time in Gang Mills
| Year | Return on Investment |
|---|---|
| 1 years | $-8,860 |
| 3 years | $-7,541 |
| 5 years | $-6,223 |
| 7 years | $-4,904 |
| 9 years | $-3,585 |
| 11 years | $-2,266 |
| 13 years | $-947 |
| 15 years | $372 |
| 17 years | $1,691 |
| 19 years | $3,010 |
| 21 years | $4,328 |
| 23 years | $5,647 |
| 25 years | $6,966 |
Top Solar Installers in Gang Mills
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar panel installer can make converting to solar power much easier. The expertise that solar installers provide can be useful as well, particularly if you aren't sure what brand of solar equipment you need.
If you're searching for a solar installer in Gang Mills, the EcoWatch team has compiled 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 Gang Mills
Factors that Affect Solar Panel Costs in Gang Mills
Though the average cost of a solar system in Gang Mills is $9,520, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,950. There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Gang Mills to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Gang Mills is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services at different price points. 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 cost more. It's best to do some research and choose a company that offers the products, warranties and services you're looking for 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 | $3.07 | $12,886 | $8,563 | 15.0 years |
| 8 kW | $3.01 | $16,850 | $11,748 | 14.7 years |
| 10 kW | $2.95 | $20,650 | $15,098 | 14.4 years |
| 12 kW | $2.89 | $24,284 | $18,613 | 14.2 years |
| 14 kW | $2.83 | $27,754 | $22,294 | 13.9 years |
| 16 kW | $2.77 | $31,058 | $26,140 | 13.6 years |
| 18 kW | $2.71 | $34,196 | $30,150 | 13.3 years |
| 20 kW | $2.66 | $37,170 | $34,326 | 13.0 years |
How to Save on Solar Panels
There are a lot of companies available in Gang Mills, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: The type of solar panel you want plays a role in which installer you should choose, since different companies have access to different panels.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
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 Gang Mills, NY Solar Cost FAQs
What is the average cost of installing solar panels in Gang Mills?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Gang Mills?
Solar panels aren't free in Gang Mills, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Gang Mills?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.