Solar Panel Cost Guide in Medina, NY (2025 Update)
- Medina Solar Installation Cost: $10,538
- 25-Year Savings: $7,690
- Payback Period: 16.3 Years
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Average Cost of Solar Panels in Medina
Find out what the average cost of installing solar panels is in Medina.
The average cost of solar panels in Medina is 4 per watt.Since a 4.1-kW system is needed to cover the energy usage of a typical home in Medina, the average price of going solar will be about $10,538 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Medina homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $15,000 over 20 years on energy bills.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Medina
| Year | Return on Investment |
|---|---|
| 1 years | $-9,630 |
| 3 years | $-7,813 |
| 5 years | $-5,996 |
| 7 years | $-4,178 |
| 9 years | $-2,361 |
| 11 years | $-544 |
| 13 years | $1,273 |
| 15 years | $3,090 |
| 17 years | $4,907 |
| 19 years | $6,725 |
| 21 years | $8,542 |
| 23 years | $10,359 |
| 25 years | $12,176 |
Top Solar Installers in Medina
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar company can make switching to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance in the long run.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Medina
Factors that Affect Solar Panel Costs in Medina
The cost of installing a solar system in Medina can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are many different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Medina, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.Though solar loans make switching to solar energy more accessible for Medina homeowners, they can also add to 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 avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Medina, and each can charge different amounts for labor and equipment.Additionally, some companies in Medina know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $7,633 | 16.9 years |
| 8 kW | $3.72 | $20,849 | $10,586 | 16.6 years |
| 10 kW | $3.65 | $25,550 | $13,743 | 16.3 years |
| 12 kW | $3.58 | $30,047 | $17,105 | 15.9 years |
| 14 kW | $3.50 | $34,339 | $20,671 | 15.6 years |
| 16 kW | $3.43 | $38,427 | $24,442 | 15.3 years |
| 18 kW | $3.36 | $42,311 | $28,417 | 15.0 years |
| 20 kW | $3.29 | $45,990 | $32,596 | 14.6 years |
How to Save on Solar Panels
There are a large number of companies available in Medina, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you’re concerned about the endurance of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two 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 positive reviews from previous customers.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
EcoWatch's Medina, NY Solar Cost FAQs
How much does it cost to install solar panels in Medina?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
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 how much 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 get between 20 and 35 panels to account for 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.