Solar Panel Cost Guide in Hamlin, NY (2024 Update)
- Hamlin Solar Installation Cost: $10,653
- 25-Year Savings: $7,906
- Payback Period: 16.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Hamlin
We go over average solar pricing in Hamlin.
In Hamlin, solar panels cost about 4 per watt on average.Since a 4.2-kW system is needed to cover the energy consumption of a typical home in Hamlin, the average price of going solar will be about $10,653 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Hamlin homeowner. The cost 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 ROI for most homeowners is quite fruitful, with a net average savings of about $15,000 over 20 years on electricity bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Hamlin
| Year | Return on Investment |
|---|---|
| 1 years | $-9,744 |
| 3 years | $-7,927 |
| 5 years | $-6,110 |
| 7 years | $-4,293 |
| 9 years | $-2,476 |
| 11 years | $-658 |
| 13 years | $1,159 |
| 15 years | $2,976 |
| 17 years | $4,793 |
| 19 years | $6,610 |
| 21 years | $8,427 |
| 23 years | $10,244 |
| 25 years | $12,062 |
Top Solar Installers in Hamlin
Putting up solar panels yourself can be a dangerous task, which is why using a solar installer is a good option for many homeowners. Plus, if you aren’t sure what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're searching for a solar company in Hamlin, we've put together a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Hamlin
Factors that Affect Solar Panel Costs in Hamlin
For many Hamlin homeowners, the decision to adopt solar energy 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 various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $3,650 per kilowatt in Hamlin.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Hamlin, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
If paying for a solar system out of pocket is difficult, solar loans are a solid option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When estimating 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 lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Hamlin, and each can charge different amounts for labor and 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 | $3.80 | $15,943 | $7,823 | 16.8 years |
| 8 kW | $3.72 | $20,849 | $10,840 | 16.4 years |
| 10 kW | $3.65 | $25,550 | $14,061 | 16.1 years |
| 12 kW | $3.58 | $30,047 | $17,486 | 15.8 years |
| 14 kW | $3.50 | $34,339 | $21,116 | 15.5 years |
| 16 kW | $3.43 | $38,427 | $24,950 | 15.2 years |
| 18 kW | $3.36 | $42,311 | $28,989 | 14.8 years |
| 20 kW | $3.29 | $45,990 | $33,232 | 14.5 years |
How to Save on Solar Panels
There are many companies available in Hamlin, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Hamlin, NY Solar Cost FAQs
What is the average cost of installing solar panels in Hamlin?
The average cost of solar panels in Hamlin 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Hamlin?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase your home value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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.