Solar Panel Cost Guide in Geddes, NY (2024 Update)
- Geddes Solar Installation Cost: $11,835
- 25-Year Savings: $4,220
- Payback Period: 21.5 Years
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Average Cost of Solar Panels in Geddes
Here’s how much it might cost to switch to solar power in Geddes.
The national average cost of solar panels is $2.66 per watt, but in Geddes it’s 4 per watt.The average solar panel system size in Geddes is around 4.6 kilowatts, meaning a cost of about $11,835 for a solar installation, or $16,924 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary depending on several factors, such as what size system you need, your energy consumption and what installation company you go with.Even with the high upfront cost, the average Geddes homeowner can save around $11,000 on their electricity bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a reputable solar company in Geddes for a personalized estimate.
Solar savings over time in Geddes
| Year | Return on Investment |
|---|---|
| 1 years | $-10,967 |
| 3 years | $-9,233 |
| 5 years | $-7,498 |
| 7 years | $-5,764 |
| 9 years | $-4,029 |
| 11 years | $-2,295 |
| 13 years | $-560 |
| 15 years | $1,174 |
| 17 years | $2,909 |
| 19 years | $4,643 |
| 21 years | $6,377 |
| 23 years | $8,112 |
| 25 years | $9,846 |
Top Solar Installers in Geddes
Many homeowners opt for a solar installation company since figuring out how to install solar panels by yourself can be time-consuming. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're on the hunt for a solar company in Geddes, the EcoWatch team has organized 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
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 Geddes
Factors that Affect Solar Panel Costs in Geddes
There are a number of criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
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 energy your household consumes, the larger your system will likely need to be. You can expect to pay about $3,650 per kilowatt in Geddes.The brand of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Geddes to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time due to interest.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can impact how much it costs. Geddes’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $1,913 | 22.3 years |
| 8 kW | $3.72 | $20,849 | $2,959 | 21.9 years |
| 10 kW | $3.65 | $25,550 | $4,210 | 21.5 years |
| 12 kW | $3.58 | $30,047 | $5,665 | 21.0 years |
| 14 kW | $3.50 | $34,339 | $7,325 | 20.6 years |
| 16 kW | $3.43 | $38,427 | $9,189 | 20.2 years |
| 18 kW | $3.36 | $42,311 | $11,257 | 19.7 years |
| 20 kW | $3.29 | $45,990 | $13,530 | 19.3 years |
How to Save on Solar Panels
The solar company you choose will influence not only your overall 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:
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have 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
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 Geddes, NY Solar Cost FAQs
How much does it cost to install solar panels in Geddes?
This is a hard question to answer precisely, because the cost depends on a variety of 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Geddes?
A solar panel system isn’t free in Geddes, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels significantly reduce my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Geddes, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.