Solar Panel Cost Guide in Le Roy, NY (2023 Update)
- Le Roy Solar Installation Cost: $9,003
- 25-Year Savings: $7,149
- Payback Period: 13.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Le Roy
See how much it might cost to switch to solar power in Le Roy.
The national average cost of solar panels is $2.66 per watt, but in Le Roy it's 2.95 per watt. The average Le Roy homeowner needs a 4.4-kilowatt system, which would cost about $9,003 with the federal tax credit, or $12,874 before the 30% tax credit is applied.
How much you pay can be higher or lower than the average in Le Roy based on several factors, such as the type of solar panels you choose and the solar contractor you hire. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $14,000 over 20 years on utility bills.
You can click the button below to get connected with a vetted solar company in Le Roy that can help you get a more accurate cost estimate for your home.
Solar savings over time in Le Roy
| Year | Return on Investment |
|---|---|
| 1 years | $-8,357 |
| 3 years | $-7,065 |
| 5 years | $-5,773 |
| 7 years | $-4,481 |
| 9 years | $-3,189 |
| 11 years | $-1,896 |
| 13 years | $-604 |
| 15 years | $688 |
| 17 years | $1,980 |
| 19 years | $3,272 |
| 21 years | $4,564 |
| 23 years | $5,857 |
| 25 years | $7,149 |
Top Solar Installers in Le Roy
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Using a solar panel installer can make swapping over to solar power much easier. Another upside of using a solar company is that they can help you optimize your ROI by bringing down your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some 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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Le Roy
Factors that Affect Solar Panel Costs in Le Roy
The cost of installing a solar system in Le Roy can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 pay around $2,950 per kilowatt in Le Roy. The solar equipment you choose can increase or decrease your cost 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. However, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Le Roy average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Le Roy, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Le Roy, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that provides the products, warranties and services you're looking for and also fit into your budget.
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 | $9,330 | 14.5 years |
| 8 kW | $3.01 | $16,850 | $12,771 | 14.2 years |
| 10 kW | $2.95 | $20,650 | $16,377 | 13.9 years |
| 12 kW | $2.89 | $24,284 | $20,147 | 13.7 years |
| 14 kW | $2.83 | $27,754 | $24,084 | 13.4 years |
| 16 kW | $2.77 | $31,058 | $28,185 | 13.1 years |
| 18 kW | $2.71 | $34,196 | $32,451 | 12.8 years |
| 20 kW | $2.66 | $37,170 | $36,883 | 12.5 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before signing a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Your solar installer should have a solid reputation as a company and have proven 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 satisfied reviews from previous customers.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Le Roy, NY Solar Cost FAQs
How much does it cost to install solar panels in Le Roy?
The average cost of solar panels in Le Roy is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is switching to solar power worth it?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.