Solar Panel Cost Guide in Hornellsville, NY (2024 Update)
- Hornellsville Solar Installation Cost: $11,783
- 25-Year Savings: $6,827
- Payback Period: 18.0 Years
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Average Cost of Solar Panels in Hornellsville
Let’s have a look at the average cost of solar in Hornellsville.
While the national average of solar panels is $2.66 per watt, solar panels in Hornellsville generally cost around 4.Since a 4.6-kW system is needed to cover the energy needs of a typical home in Hornellsville, the average price of going solar will be about $11,783 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of going solar can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what company you go with.Despite the large initial cost, the average Hornellsville homeowner can save about $13,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a top solar company in Hornellsville for a quote for your home.
Solar savings over time in Hornellsville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,957 |
| 3 years | $-9,305 |
| 5 years | $-7,653 |
| 7 years | $-6,001 |
| 9 years | $-4,349 |
| 11 years | $-2,698 |
| 13 years | $-1,046 |
| 15 years | $606 |
| 17 years | $2,258 |
| 19 years | $3,910 |
| 21 years | $5,562 |
| 23 years | $7,214 |
| 25 years | $8,865 |
Top Solar Installers in Hornellsville
Although you can install solar panels on your own, it takes extra effort and know-how. Because of that, the majority of homeowners choose to go with a solar panel installer. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can take advantage of and by offering warranties and repairs.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Hornellsville:
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 Hornellsville
Factors that Affect Solar Panel Costs in Hornellsville
There are a number of factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Hornellsville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by around $3,650 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Hornellsville average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also adds to your overall costs, so it’s crucial to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can affect your pricing. Hornellsville’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Hornellsville know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 | $5,329 | 18.7 years |
| 8 kW | $3.72 | $20,849 | $7,513 | 18.4 years |
| 10 kW | $3.65 | $25,550 | $9,903 | 18.0 years |
| 12 kW | $3.58 | $30,047 | $12,497 | 17.7 years |
| 14 kW | $3.50 | $34,339 | $15,295 | 17.3 years |
| 16 kW | $3.43 | $38,427 | $18,297 | 16.9 years |
| 18 kW | $3.36 | $42,311 | $21,504 | 16.6 years |
| 20 kW | $3.29 | $45,990 | $24,916 | 16.2 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Hornellsville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While 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 making your decision.
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 Hornellsville, NY Solar Cost FAQs
How much does it cost to install solar panels in Hornellsville?
This is a tough question to answer precisely, because the cost depends on a few different 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 cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Hornellsville?
You can’t get solar panels for free in Hornellsville. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is making the switch to solar worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a 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 get 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.