Solar Panel Cost Guide in Marilla, NY (2023 Update)
- Marilla Solar Installation Cost: $9,453
- 25-Year Savings: $5,548
- Payback Period: 15.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Marilla
Find out what the average cost of solar panels are in Marilla.
The average cost of a solar panel system in Marilla is 2.95 per watt. To cover the typical energy usage of the average home in Marilla, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs about $9,458, or $13,525 before the federal solar tax credit of 30% is applied.
These figures are just averages, and how much solar costs for you will look different based on your energy needs and what company you go with. With typical savings of about $12,000 on electricity bills over 20 years, many homeowners in Marilla find going solar can be quite rewarding.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Marilla
| Year | Return on Investment |
|---|---|
| 1 years | $-8,627 |
| 3 years | $-6,975 |
| 5 years | $-5,323 |
| 7 years | $-3,671 |
| 9 years | $-2,020 |
| 11 years | $-368 |
| 13 years | $1,284 |
| 15 years | $2,936 |
| 17 years | $4,588 |
| 19 years | $6,240 |
| 21 years | $7,891 |
| 23 years | $9,543 |
| 25 years | $11,195 |
Top Solar Installers in Marilla
Many homeowners choose to hire a solar panel company since trying to put up solar panels on your own can be a labor-intensive endeavor. Plus, if you're not certain what brand of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
Working with a vetted solar installer can help you make the most of your investment in solar. 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
See all of the solar companies in Marilla
Factors that Affect Solar Panel Costs in Marilla
For many Marilla homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Marilla, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,950. The type of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions 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
Most solar installers in Marilla offer solar loans, which reduce the initial cost of installing solar. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to 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 finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you get to install your solar system can play a role in determining your pricing. Marilla's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more 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 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 | $3.07 | $12,886 | $6,776 | 16.4 years |
| 8 kW | $3.01 | $16,850 | $9,365 | 16.1 years |
| 10 kW | $2.95 | $20,650 | $12,120 | 15.8 years |
| 12 kW | $2.89 | $24,284 | $15,039 | 15.4 years |
| 14 kW | $2.83 | $27,754 | $18,124 | 15.1 years |
| 16 kW | $2.77 | $31,058 | $21,374 | 14.8 years |
| 18 kW | $2.71 | $34,196 | $24,789 | 14.5 years |
| 20 kW | $2.66 | $37,170 | $28,370 | 14.2 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Marilla, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, completion timeline incentives and warranties.
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 Marilla, NY Solar Cost FAQs
What is the average cost of installing solar panels in Marilla?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Marilla?
A solar panel system isn't free in Marilla, 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 you can take advantage of.
Does Marilla have a net metering program?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even 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 their energy production will have decreased significantly after that point. You can decide 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.