Solar Panel Cost Guide in Le Roy, NY (2024 Update)
- Le Roy Solar Installation Cost: $11,146
- 25-Year Savings: $7,144
- Payback Period: 17.3 Years
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Average Cost of Solar Panels in Le Roy
Find out what the average cost of solar panels are in Le Roy.
Although the national average of solar panels is $2.66 per watt, solar panels in Le Roy typically cost around 4.Using this figure, a typical 4.4-kW system would cost about $11,146 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you may look different based on your specific situation and what company you go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Le Roy can save around $14,000 on their power bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Le Roy
| Year | Return on Investment |
|---|---|
| 1 years | $-10,258 |
| 3 years | $-8,482 |
| 5 years | $-6,706 |
| 7 years | $-4,930 |
| 9 years | $-3,155 |
| 11 years | $-1,379 |
| 13 years | $397 |
| 15 years | $2,173 |
| 17 years | $3,949 |
| 19 years | $5,725 |
| 21 years | $7,500 |
| 23 years | $9,276 |
| 25 years | $11,052 |
Top Solar Installers in Le Roy
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using an installer can make converting to solar power much easier. The expertise that solar companies offer can be useful as well, particularly if you aren’t sure what kind of solar equipment would be right for your home.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Le Roy
Factors that Affect Solar Panel Costs in Le Roy
Although the average cost of a solar system in Le Roy is $11,146, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the cost of solar panels in Le Roy, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $3,650 for each additional kilowatt you need.The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Le Roy homeowners decide to finance their solar panel systems to make paying for solar more affordable.Even though solar loans make switching to solar energy more accessible for Le Roy homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Le Roy, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $6,273 | 17.9 years |
| 8 kW | $3.72 | $20,849 | $8,772 | 17.6 years |
| 10 kW | $3.65 | $25,550 | $11,477 | 17.3 years |
| 12 kW | $3.58 | $30,047 | $14,385 | 16.9 years |
| 14 kW | $3.50 | $34,339 | $17,498 | 16.6 years |
| 16 kW | $3.43 | $38,427 | $20,815 | 16.2 years |
| 18 kW | $3.36 | $42,311 | $24,337 | 15.9 years |
| 20 kW | $3.29 | $45,990 | $28,063 | 15.5 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- 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 expectations you should have about the cost.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Le Roy, NY Solar Cost FAQs
What is the average cost of installing solar panels in Le Roy?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Le Roy?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $740.53 per year.
How long do solar panels last in Le Roy?
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.