Solar Panel Cost Guide in Marcy, NY (Mar 2023)
- Marcy Solar Installation Cost: $9,540
- 25-Year Savings: $6,667
- Payback Period: 14.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Marcy
Find out what the average cost of solar panels are in Marcy.
The national average cost of solar panels is $2.66 per watt, but in Marcy it's 2.95 per watt. The average Marcy homeowner needs a 4.6-kilowatt system, which would cost about $9,540 with the federal tax credit, or $13,642 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of making the switch to solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with. But, after you've paid the initial cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $13,000 over 20 years on energy bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Marcy
| Year | Return on Investment |
|---|---|
| 1 years | $-8,892 |
| 3 years | $-7,595 |
| 5 years | $-6,299 |
| 7 years | $-5,002 |
| 9 years | $-3,706 |
| 11 years | $-2,409 |
| 13 years | $-1,113 |
| 15 years | $184 |
| 17 years | $1,480 |
| 19 years | $2,777 |
| 21 years | $4,074 |
| 23 years | $5,370 |
| 25 years | $6,667 |
Top Solar Installers in Marcy
Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be a labor-intensive endeavor. The expertise that solar companies offer can be invaluable as well, especially if you aren't sure what type of solar equipment would be right for your home.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Marcy
Factors that Affect Solar Panel Costs in Marcy
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Marcy: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $2,950 per kilowatt in Marcy. The model of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider 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 falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid option because they lower your upfront costs and allow you to pay for your system over five to seven years on average. Although solar loans make switching to solar energy more accessible for Marcy homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. 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
The last major cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Marcy, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that has the products, warranties and services you want and also fit into 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 | $3.07 | $12,886 | $8,163 | 15.3 years |
| 8 kW | $3.01 | $16,850 | $11,215 | 15.0 years |
| 10 kW | $2.95 | $20,650 | $14,432 | 14.7 years |
| 12 kW | $2.89 | $24,284 | $17,814 | 14.4 years |
| 14 kW | $2.83 | $27,754 | $21,361 | 14.1 years |
| 16 kW | $2.77 | $31,058 | $25,073 | 13.8 years |
| 18 kW | $2.71 | $34,196 | $28,951 | 13.5 years |
| 20 kW | $2.66 | $37,170 | $32,994 | 13.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose significantly affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
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 Marcy, NY Solar Cost FAQs
What is the average cost of installing solar panels in Marcy?
The average cost of solar panels in Marcy is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual 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 it better to lease or buy solar panels in Marcy?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is it worth going solar in Marcy?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
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 opt to replace them once you've had 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.