Solar Panel Cost Guide in Hamlin, NY (Jan 2023)
- Hamlin Solar Installation Cost: $8,611
- 25-Year Savings: $7,904
- Payback Period: 13.0 Years
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Top Solar Installers in Hamlin
When switching to solar energy, many homeowners opt to use a solar installation company since handling can be a challenging project. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
If you'd like to go solar but still aren't certain which solar company to go with, here are our recommendations for providers nearby:
See all of the solar companies in Hamlin
Factors that Affect Solar Panel Costs in Hamlin
For many Hamlin homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Hamlin, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,950. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Hamlin average.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a popular option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Although solar loans make going solar more accessible for Hamlin homeowners, they can also add to the total you pay for your system, depending on your interest rate. 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 get to install your solar panel system can influence how much it costs. Hamlin's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Hamlin are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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||$3.07||$12,886||$10,881||13.6 years|
|8 kW||$3.01||$16,850||$14,838||13.3 years|
|10 kW||$2.95||$20,650||$18,961||13.0 years|
|12 kW||$2.89||$24,284||$23,249||12.8 years|
|14 kW||$2.83||$27,754||$27,702||12.5 years|
|16 kW||$2.77||$31,058||$32,320||12.3 years|
|18 kW||$2.71||$34,196||$37,103||12.0 years|
|20 kW||$2.66||$37,170||$42,052||11.7 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: If you're concerned about the longevity of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
EcoWatch's Hamlin, NY Solar Cost FAQs
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.