Solar Panel Cost Guide in Manchester, NY (2024 Update)
- Manchester Solar Installation Cost: $11,777
- 25-Year Savings: $6,939
- Payback Period: 17.9 Years
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Average Cost of Solar Panels in Manchester
Let’s have a look at the average cost of solar in Manchester.
Although the national average of solar panels is $2.66 per watt, solar panels in Manchester typically cost around 4.Because a 4.6-kW system is needed to cover the energy usage of a typical home in Manchester, the average price of going solar will be about $11,777 after claiming the federal solar tax credit of 0.
The true cost of your system can go above or below the average in Manchester depending on a few factors, such as the type of solar panels you choose and the solar installer you hire.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Manchester can save around $14,000 on their power bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Manchester
| Year | Return on Investment |
|---|---|
| 1 years | $-10,911 |
| 3 years | $-9,179 |
| 5 years | $-7,447 |
| 7 years | $-5,714 |
| 9 years | $-3,982 |
| 11 years | $-2,250 |
| 13 years | $-518 |
| 15 years | $1,214 |
| 17 years | $2,946 |
| 19 years | $4,678 |
| 21 years | $6,411 |
| 23 years | $8,143 |
| 25 years | $9,875 |
Top Solar Installers in Manchester
Trying to put up solar panels by yourself can be a stressful task, which is why getting a solar installer is a good option for many homeowners. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Manchester:
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 Manchester
Factors that Affect Solar Panel Costs in Manchester
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Manchester: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.The model of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your total costs, so it’s vital to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Manchester is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services at different costs.The company’s size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $3.80 | $15,943 | $5,479 | 18.6 years |
| 8 kW | $3.72 | $20,849 | $7,715 | 18.2 years |
| 10 kW | $3.65 | $25,550 | $10,154 | 17.9 years |
| 12 kW | $3.58 | $30,047 | $12,798 | 17.5 years |
| 14 kW | $3.50 | $34,339 | $15,647 | 17.2 years |
| 16 kW | $3.43 | $38,427 | $18,699 | 16.8 years |
| 18 kW | $3.36 | $42,311 | $21,957 | 16.5 years |
| 20 kW | $3.29 | $45,990 | $25,418 | 16.1 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly affects your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
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 Manchester, NY Solar Cost FAQs
What is the average cost of installing solar panels in Manchester?
The average cost of solar panels in Manchester is about $18,250 for a 5-kW system and $36,500 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 consume.
Are solar panels free in Manchester?
You can’t get solar panels for free in Manchester. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact how much my home is worth?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.