Solar Panel Cost Guide in Lowville, NY (Mar 2023)
- Lowville Solar Installation Cost: $9,767
- 25-Year Savings: $6,440
- Payback Period: 15.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lowville
Let's take a look at the average cost of solar in Lowville.
In Lowville, solar panels cost about 2.95 per watt on average. Since a 4.7-kW system is needed to cover the energy consumption of a typical home in Lowville, the average price of going solar will be about $9,767 after claiming the federal solar tax credit of 30%.
The true price you pay can be higher or lower than the average in Lowville depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $13,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Lowville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lowville
| Year | Return on Investment |
|---|---|
| 1 years | $-9,119 |
| 3 years | $-7,823 |
| 5 years | $-6,526 |
| 7 years | $-5,229 |
| 9 years | $-3,933 |
| 11 years | $-2,636 |
| 13 years | $-1,340 |
| 15 years | $-43 |
| 17 years | $1,253 |
| 19 years | $2,550 |
| 21 years | $3,846 |
| 23 years | $5,143 |
| 25 years | $6,440 |
Top Solar Installers in Lowville
Trying to install solar panels on your own can be a challenging project, which is why getting a solar installation company is a good option for many homeowners. The expertise that solar installers provide can be useful as well, especially if you don't quite know what brand of solar equipment you need.
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 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 Lowville
Factors that Affect Solar Panel Costs in Lowville
While the average cost of a solar system in Lowville is $9,767, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,950 per kilowatt in Lowville. There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Lowville homeowners decide to finance their solar panel systems to offset upfront costs. Though solar loans make going solar more accessible for Lowville homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Lowville is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services at different costs. Larger national companies typically have lower costs, but some local companies compete 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 | $3.07 | $12,886 | $7,687 | 15.7 years |
| 8 kW | $3.01 | $16,850 | $10,579 | 15.4 years |
| 10 kW | $2.95 | $20,650 | $13,637 | 15.1 years |
| 12 kW | $2.89 | $24,284 | $16,860 | 14.8 years |
| 14 kW | $2.83 | $27,754 | $20,248 | 14.5 years |
| 16 kW | $2.77 | $31,058 | $23,802 | 14.2 years |
| 18 kW | $2.71 | $34,196 | $27,520 | 13.9 years |
| 20 kW | $2.66 | $37,170 | $31,404 | 13.6 years |
How to Save on Solar Panels
There are many companies to choose from in Lowville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: If you're worried about the endurance of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Installation Process: When making the switch to solar energy, it's crucial to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the completion timeline.
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 Lowville, NY Solar Cost FAQs
How much does it cost to install solar panels in Lowville?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Lowville, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Lowville?
Even 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 how much energy they produce will have decreased significantly after that point. You can replace them after having 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.