Solar Panel Cost Guide in Malta, NY (2025 Update)
- Malta Solar Installation Cost: $11,457
- 25-Year Savings: $6,166
- Payback Period: 18.6 Years
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Average Cost of Solar Panels in Malta
Find out how much it might cost to make the switch to solar in Malta.
The average cost of a solar panel system in Malta is 4 per watt.To account for the typical energy needs of the average home in Malta, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,457, or $16,384 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more.For most homeowners, the upfront investment in solar panels is worth paying. On average Malta homeowners see about $13,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar company in Malta for a quote for your home.
Solar savings over time in Malta
| Year | Return on Investment |
|---|---|
| 1 years | $-10,631 |
| 3 years | $-8,979 |
| 5 years | $-7,327 |
| 7 years | $-5,675 |
| 9 years | $-4,023 |
| 11 years | $-2,372 |
| 13 years | $-720 |
| 15 years | $932 |
| 17 years | $2,584 |
| 19 years | $4,236 |
| 21 years | $5,888 |
| 23 years | $7,540 |
| 25 years | $9,191 |
Top Solar Installers in Malta
Many homeowners decide to use a solar panel installer since trying to install solar panels on your own can be time-consuming. Some solar installers, particularly local ones, can help you take advantage of incentives in Malta, thereby optimizing your ROI.
There are several licensed solar professionals that can install solar panels for you. 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
See all of the solar companies in Malta
Factors that Affect Solar Panel Costs in Malta
There are a number of factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,650. There are several different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose 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
Many homeowners find the average cost of solar in Malta to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time due to interest.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Malta, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $4,697 | 19.3 years |
| 8 kW | $3.72 | $20,849 | $6,672 | 18.9 years |
| 10 kW | $3.65 | $25,550 | $8,851 | 18.6 years |
| 12 kW | $3.58 | $30,047 | $11,234 | 18.2 years |
| 14 kW | $3.50 | $34,339 | $13,822 | 17.8 years |
| 16 kW | $3.43 | $38,427 | $16,614 | 17.5 years |
| 18 kW | $3.36 | $42,311 | $19,610 | 17.1 years |
| 20 kW | $3.29 | $45,990 | $22,811 | 16.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Malta, NY Solar Cost FAQs
What is the average cost of installing solar panels in Malta?
The average cost of solar panels in Malta is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Malta?
Leasing solar panels can be an option if you can’t 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 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.
Is making the switch to solar worth it?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.