Solar Panel Cost Guide in Marcy, NY (2024 Update)
- Marcy Solar Installation Cost: $11,803
- 25-Year Savings: $6,667
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Marcy
Let’s take a look at the average cost of solar panels in Marcy.
In Marcy, solar panels cost about 4 per watt on average.Since a 4.6-kW system is needed to cover the energy needs of a typical home in Marcy, the average price of going solar will be about $11,803 after claiming the federal solar tax credit of 0.
These figures are just estimates, and your own solar costs may vary based on your energy needs and what company you choose to go with.With typical savings of about $13,000 on electricity bills over 20 years, many homeowners in Marcy find investing in solar can be quite rewarding.
Click the button below to get connected to a top solar company in your area for a personalized quote.
Solar savings over time in Marcy
| Year | Return on Investment |
|---|---|
| 1 years | $-10,895 |
| 3 years | $-9,078 |
| 5 years | $-7,261 |
| 7 years | $-5,443 |
| 9 years | $-3,626 |
| 11 years | $-1,809 |
| 13 years | $8 |
| 15 years | $1,825 |
| 17 years | $3,642 |
| 19 years | $5,459 |
| 21 years | $7,277 |
| 23 years | $9,094 |
| 25 years | $10,911 |
Top Solar Installers in Marcy
When making the switch to solar, many homeowners decide to go with a solar installation company since putting up a solar system yourself can be a difficult project. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy consumption, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
If you're on the hunt for a solar installer in Marcy, the EcoWatch team has organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Marcy
Factors that Affect Solar Panel Costs in Marcy
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Marcy: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your home, 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 around $3,650. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Marcy, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.Though solar loans make adopting solar energy more accessible for Marcy 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can affect how much it costs. Marcy’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also fits within your budget.
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 | $5,106 | 18.9 years |
| 8 kW | $3.72 | $20,849 | $7,217 | 18.6 years |
| 10 kW | $3.65 | $25,550 | $9,532 | 18.2 years |
| 12 kW | $3.58 | $30,047 | $12,051 | 17.8 years |
| 14 kW | $3.50 | $34,339 | $14,775 | 17.5 years |
| 16 kW | $3.43 | $38,427 | $17,704 | 17.1 years |
| 18 kW | $3.36 | $42,311 | $20,836 | 16.8 years |
| 20 kW | $3.29 | $45,990 | $24,174 | 16.4 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 models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Different companies have various brands and types of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Warranty: If you care about the endurance of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Marcy, NY Solar Cost FAQs
How much does it cost to install solar panels in Marcy?
The average cost of solar panels in Marcy 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.
Can you get solar panels for free in Marcy?
A solar panel system isn’t free in Marcy, 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 further reduce the cost.
Do solar panels increase your property value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t opt 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."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.