Solar Panel Cost Guide in Kenmore, NY (2023 Update)
- Kenmore Solar Installation Cost: $9,453
- 25-Year Savings: $6,754
- Payback Period: 14.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Kenmore
We break down average solar pricing in Kenmore.
In Kenmore, solar panels cost about 2.95 per watt on average. Using this figure, a typical 4.6-kW system would cost about $9,458 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of equipment you want to get, your solar contractor and more. Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Kenmore can save about $13,000 on their energy bills over 20 years.
Click the button below to get connected to a reputable solar company in Kenmore for a custom estimate.
Solar savings over time in Kenmore
| Year | Return on Investment |
|---|---|
| 1 years | $-9,399 |
| 3 years | $-9,291 |
| 5 years | $-9,183 |
| 7 years | $-9,075 |
| 9 years | $-8,967 |
| 11 years | $-8,859 |
| 13 years | $-8,751 |
| 15 years | $-8,643 |
| 17 years | $-8,535 |
| 19 years | $-8,426 |
| 21 years | $-8,318 |
| 23 years | $-8,210 |
| 25 years | $-8,102 |
Top Solar Installers in Kenmore
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make switching to solar power much easier. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
If you'd like to make the switch to solar but still aren't sure which solar system company to go with, here are our recommendations for providers near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Kenmore
Factors that Affect Solar Panel Costs in Kenmore
The cost of installing a solar system in Kenmore can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The model of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Kenmore homeowners choose to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can influence your pricing. Kenmore's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $8,357 | 15.2 years |
| 8 kW | $3.01 | $16,850 | $11,473 | 14.9 years |
| 10 kW | $2.95 | $20,650 | $14,754 | 14.6 years |
| 12 kW | $2.89 | $24,284 | $18,201 | 14.3 years |
| 14 kW | $2.83 | $27,754 | $21,813 | 14.0 years |
| 16 kW | $2.77 | $31,058 | $25,589 | 13.7 years |
| 18 kW | $2.71 | $34,196 | $29,531 | 13.4 years |
| 20 kW | $2.66 | $37,170 | $33,639 | 13.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: If you care about the durability of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Kenmore, NY Solar Cost FAQs
How much does it cost to install solar panels in Kenmore?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Kenmore?
Leasing solar panels can be an appealing choice, as 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Is going solar worth it?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.