Solar Panel Cost Guide in Granville, NY (2024 Update)
- Granville Solar Installation Cost: $11,763
- 25-Year Savings: $5,896
- Payback Period: 19.1 Years
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Average Cost of Solar Panels in Granville
Find out what the average cost of solar panel installation is in Granville.
The national average cost of solar panels is $2.66 per watt, but in Granville it’s 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,763 before the 0 federal solar tax credit is applied.
The actual price you pay can be above or below the average in Granville based on a few factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a sound investment. The average homeowner in Granville can save around $13,000 on their power bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Granville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,937 |
| 3 years | $-9,285 |
| 5 years | $-7,633 |
| 7 years | $-5,982 |
| 9 years | $-4,330 |
| 11 years | $-2,678 |
| 13 years | $-1,026 |
| 15 years | $626 |
| 17 years | $2,278 |
| 19 years | $3,930 |
| 21 years | $5,581 |
| 23 years | $7,233 |
| 25 years | $8,885 |
Top Solar Installers in Granville
Although you can install solar panels by yourself, it requires extra time and expertise. Because of that, almost all homeowners choose to hire a solar panel installer. The payback period on an investment in solar panels will vary depending on factors like your location and energy usage, but working with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
If you’d like to start using solar energy but still aren’t sure which solar installer to go with, here are our suggestions for providers nearby:
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 Granville
Factors that Affect Solar Panel Costs in Granville
For many Granville homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Granville, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Granville, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, 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 companies in Granville have solar loans, which reduce the initial cost of installing solar panels.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you choose will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $4,130 | 19.9 years |
| 8 kW | $3.72 | $20,849 | $5,916 | 19.5 years |
| 10 kW | $3.65 | $25,550 | $7,906 | 19.1 years |
| 12 kW | $3.58 | $30,047 | $10,101 | 18.7 years |
| 14 kW | $3.50 | $34,339 | $12,499 | 18.3 years |
| 16 kW | $3.43 | $38,427 | $15,103 | 17.9 years |
| 18 kW | $3.36 | $42,311 | $17,910 | 17.6 years |
| 20 kW | $3.29 | $45,990 | $20,922 | 17.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Solar Panel Brands: The type of solar panel you’d like to install plays a part in which installer you should choose, since different companies have different panels.
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 Granville, NY Solar Cost FAQs
How much does it cost to install solar panels in Granville?
The average cost of solar panels in Granville is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Granville, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 account for 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.