Solar Panel Cost Guide in Gorham, NY (2025 Update)
- Gorham Solar Installation Cost: $11,777
- 25-Year Savings: $6,345
- Payback Period: 18.6 Years
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Average Cost of Solar Panels in Gorham
We break down average solar pricing in Gorham.
Although the national average of solar panels is $2.66 per watt, solar panels in Gorham typically cost around 4.The average Gorham homeowner needs a 4.6-kilowatt system, which would cost about $11,777 with the federal tax credit, or $16,841 before the 0 tax credit is applied.
The actual price you pay can be above or below the average in Gorham based on a few factors, such as the model of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a solid investment. The average homeowner in Gorham can save about $13,000 on their power bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Gorham
| Year | Return on Investment |
|---|---|
| 1 years | $-10,951 |
| 3 years | $-9,299 |
| 5 years | $-7,647 |
| 7 years | $-5,995 |
| 9 years | $-4,344 |
| 11 years | $-2,692 |
| 13 years | $-1,040 |
| 15 years | $612 |
| 17 years | $2,264 |
| 19 years | $3,916 |
| 21 years | $5,567 |
| 23 years | $7,219 |
| 25 years | $8,871 |
Top Solar Installers in Gorham
Trying to install solar panels by yourself can be a dangerous task, which is why hiring a solar installer is a good option for many homeowners. 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 various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Gorham
Factors that Affect Solar Panel Costs in Gorham
Though the average cost of a solar system in Gorham is $11,777, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,650. There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you’re looking to get 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
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Gorham homeowners decide to finance their solar panel systems to make going solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Gorham, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Gorham are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $4,706 | 19.3 years |
| 8 kW | $3.72 | $20,849 | $6,683 | 18.9 years |
| 10 kW | $3.65 | $25,550 | $8,865 | 18.6 years |
| 12 kW | $3.58 | $30,047 | $11,251 | 18.2 years |
| 14 kW | $3.50 | $34,339 | $13,842 | 17.8 years |
| 16 kW | $3.43 | $38,427 | $16,637 | 17.4 years |
| 18 kW | $3.36 | $42,311 | $19,636 | 17.1 years |
| 20 kW | $3.29 | $45,990 | $22,840 | 16.7 years |
How to Save on Solar Panels
There are many companies to choose from in Gorham, 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:
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
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 Gorham, NY Solar Cost FAQs
How much does it cost to install solar panels in Gorham?
This is a tough question to answer exactly, because the cost depends on many factors. Generally 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Gorham?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does Gorham have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.