Solar Panel Cost Guide in Little Falls, NY (2023 Update)
- Little Falls Solar Installation Cost: $9,644
- 25-Year Savings: $6,563
- Payback Period: 14.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Little Falls
See how much it might cost to go solar in Little Falls.
The average cost of a solar system in Little Falls is 2.95 per watt. Using this figure, a typical 4.7-kW system would cost about $9,644 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will most likely differ based on your energy needs and what company you go with. But, after you've paid the upfront cost of installation, the ROI for most homeowners is quite fruitful, with a net average savings of about $13,000 over 20 years on electricity bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Little Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-8,995 |
| 3 years | $-7,699 |
| 5 years | $-6,402 |
| 7 years | $-5,106 |
| 9 years | $-3,809 |
| 11 years | $-2,512 |
| 13 years | $-1,216 |
| 15 years | $81 |
| 17 years | $1,377 |
| 19 years | $2,674 |
| 21 years | $3,970 |
| 23 years | $5,267 |
| 25 years | $6,563 |
Top Solar Installers in Little Falls
Trying to install solar panels yourself can be a dangerous task, which is why using a solar installer is a good option for many homeowners. The payback period of solar panels will vary based on factors like your roof configuration and energy usage, but going with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
If you'd like to start using solar energy but still aren't certain which solar panel installer to go with, here are our recommendations for providers nearby:
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 Little Falls
Factors that Affect Solar Panel Costs in Little Falls
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Little Falls: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Little Falls average.
Solar Financing Terms
Most solar companies in Little Falls provide solar loans, which reduce your upfront costs of installing solar panels. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can influence your pricing. Little Falls' solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $7,934 | 15.5 years |
| 8 kW | $3.01 | $16,850 | $10,909 | 15.2 years |
| 10 kW | $2.95 | $20,650 | $14,049 | 14.9 years |
| 12 kW | $2.89 | $24,284 | $17,355 | 14.6 years |
| 14 kW | $2.83 | $27,754 | $20,825 | 14.3 years |
| 16 kW | $2.77 | $31,058 | $24,461 | 14.0 years |
| 18 kW | $2.71 | $34,196 | $28,262 | 13.7 years |
| 20 kW | $2.66 | $37,170 | $32,228 | 13.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
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 Little Falls, NY Solar Cost FAQs
What is the average cost of installing solar panels in Little Falls?
This is a tough question to answer precisely, 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 cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Little Falls?
A solar panel system isn't free in Little Falls, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on power bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Little Falls, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Little Falls?
On average, the lifespan of solar panels is 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.