Solar Panel Cost Guide in Massena, NY (2023 Update)
- Massena Solar Installation Cost: $9,809
- 25-Year Savings: $5,234
- Payback Period: 16.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Massena
Find out what the average cost of a solar system is in Massena.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Massena, the average cost of solar panels is 2.95 per watt. To cover the typical energy needs of the average home in Massena, most homeowners require a 4.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,809, or $14,027 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. With typical savings of about $12,000 on utility bills over 20 years, many homeowners in Massena find installing solar panels can be quite rewarding.
You can click the button below to get connected with a vetted solar company in Massena for a quote for your home.
Solar savings over time in Massena
| Year | Return on Investment |
|---|---|
| 1 years | $-9,207 |
| 3 years | $-8,004 |
| 5 years | $-6,800 |
| 7 years | $-5,597 |
| 9 years | $-4,393 |
| 11 years | $-3,190 |
| 13 years | $-1,986 |
| 15 years | $-783 |
| 17 years | $420 |
| 19 years | $1,624 |
| 21 years | $2,827 |
| 23 years | $4,031 |
| 25 years | $5,234 |
Top Solar Installers in Massena
Installing solar panels on your own can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. Another good thing about going with a top solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
If you're looking for a solar installer in Massena, we've organized a list of our top suggestions here:
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 Massena
Factors that Affect Solar Panel Costs in Massena
While the average cost of a solar system in Massena is $9,809, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular route 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. You'll have to consider the long-term cost of financing options, 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 above the equipment and labor 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
The solar installer you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating in Massena, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $6,109 | 17.0 years |
| 8 kW | $3.01 | $16,850 | $8,475 | 16.6 years |
| 10 kW | $2.95 | $20,650 | $11,007 | 16.3 years |
| 12 kW | $2.89 | $24,284 | $13,704 | 16.0 years |
| 14 kW | $2.83 | $27,754 | $16,567 | 15.7 years |
| 16 kW | $2.77 | $31,058 | $19,594 | 15.3 years |
| 18 kW | $2.71 | $34,196 | $22,787 | 15.0 years |
| 20 kW | $2.66 | $37,170 | $26,144 | 14.7 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- 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 large role in the company you hire.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Massena, NY Solar Cost FAQs
What is the average cost of installing solar panels in Massena?
This is a difficult 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 additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Massena?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
How will solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Massena is currently $107,708, which means you can expect a value of about $4,416 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Massena is a worthwhile investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.