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.
The average cost of solar panels in Le Roy is 4 per watt.Since a 4.4-kW system is needed to cover the energy needs of a typical home in Le Roy, the average price of going solar will be about $11,146 after claiming the federal solar tax credit of 0.
The true cost of your system can go higher or lower than the average in Le Roy depending on several factors, such as the type of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $14,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar company in your area for a customized estimate.
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
Installing solar panels on your own can be a difficult project, which is why using a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're looking for a solar company in Le Roy, 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 Le Roy
Factors that Affect Solar Panel Costs in Le Roy
Even though the average cost of a solar system in Le Roy is $11,146, your final cost may differ. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,650. There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Le Roy homeowners opt to finance their solar panel systems to make paying for solar more affordable.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Le Roy, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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 Le Roy, NY Solar Cost FAQs
What is the average cost of installing solar panels in Le Roy?
This is a hard question to answer exactly, because the cost depends on many 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. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Le Roy?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. 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?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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.