Solar Panel Cost Guide in Lowville, NY (2023 Update)
- Lowville Solar Installation Cost: $9,761
- 25-Year Savings: $6,446
- Payback Period: 15.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lowville
Let's have a look at the average cost of solar in Lowville.
The national average cost of solar panels is $2.66 per watt, but in Lowville it's 2.95 per watt. To account for the typical energy usage of the average home in Lowville, most homeowners require a 4.7-kilowatt system. Using the figure above, a solar installation costs about $9,767, or $13,967 before the federal solar tax credit of 30% is applied.
These figures are just averages, and the cost of going solar for you will look different based on your energy needs and what company you go with. But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $13,000 over 20 years on utility bills.
To receive a free quote from a vetted solar installer in Lowville, you can click the button below.
Solar savings over time in Lowville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,852 |
| 3 years | $-7,035 |
| 5 years | $-5,218 |
| 7 years | $-3,401 |
| 9 years | $-1,584 |
| 11 years | $233 |
| 13 years | $2,051 |
| 15 years | $3,868 |
| 17 years | $5,685 |
| 19 years | $7,502 |
| 21 years | $9,319 |
| 23 years | $11,136 |
| 25 years | $12,953 |
Top Solar Installers in Lowville
Although you can install solar panels on your own, it takes extra effort and know-how. For that reason, most homeowners choose to hire a solar panel installer. Plus, if you aren't sure what brand of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Lowville
Factors that Affect Solar Panel Costs in Lowville
The cost of installing a solar system in Lowville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need, 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 about $2,950. The 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 energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Lowville average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Lowville, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies in Lowville, and each can charge varying amounts for labor and equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Contract: Before signing a contract with a solar installer, make sure to look it over carefully 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 what services you can expect from them.
- Solar Panel Brands: The model of solar panel you'd like to get plays a part in which installer you should go with, since different companies provide different panels.
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 Lowville, NY Solar Cost FAQs
What is the average cost of installing solar panels in Lowville?
The average cost of solar panels in Lowville is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is a very important 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 be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Lowville?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.