Solar Panel Cost Guide in Mendon, NY (2023 Update)
- Mendon Solar Installation Cost: $8,610
- 25-Year Savings: $8,317
- Payback Period: 12.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mendon
Here's how much it might cost to go solar in Mendon.
In Mendon, solar panels cost about 2.95 per watt on average. The average solar panel system size in Mendon is around 4.2 kilowatts, meaning a cost of about $8,611 for a solar installation, or $12,314 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with. With average savings of about $15,000 on energy bills over 20 years, many homeowners in Mendon find investing in solar can pay off big.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Mendon
| Year | Return on Investment |
|---|---|
| 1 years | $-8,553 |
| 3 years | $-8,440 |
| 5 years | $-8,328 |
| 7 years | $-8,215 |
| 9 years | $-8,102 |
| 11 years | $-7,989 |
| 13 years | $-7,876 |
| 15 years | $-7,763 |
| 17 years | $-7,651 |
| 19 years | $-7,538 |
| 21 years | $-7,425 |
| 23 years | $-7,312 |
| 25 years | $-7,199 |
Top Solar Installers in Mendon
Many homeowners choose to use a solar installation company since trying to put up solar panels by yourself can be challenging. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be best for your family.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
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 Mendon
Factors that Affect Solar Panel Costs in Mendon
The cost of installing a solar system in Mendon can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment is more than 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 looking into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Mendon, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. Though solar loans make switching to solar energy more accessible for Mendon homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Mendon, you'll have many options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Mendon know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $3.07 | $12,886 | $11,473 | 13.2 years |
| 8 kW | $3.01 | $16,850 | $15,627 | 13.0 years |
| 10 kW | $2.95 | $20,650 | $19,947 | 12.7 years |
| 12 kW | $2.89 | $24,284 | $24,432 | 12.5 years |
| 14 kW | $2.83 | $27,754 | $29,082 | 12.2 years |
| 16 kW | $2.77 | $31,058 | $33,897 | 12.0 years |
| 18 kW | $2.71 | $34,196 | $38,878 | 11.7 years |
| 20 kW | $2.66 | $37,170 | $44,024 | 11.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The model of solar panel you need plays a role in which installer you should choose, since different companies offer different panels.
- Installation Process: When making the switch to solar power, it's necessary to keep an open line of communication with your solar company. Make sure you understand how the installation process will go and the completion timeline.
- Contract: Before you sign a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Companies that have been in business for many years likely have a high 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.
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 Mendon, NY Solar Cost FAQs
How much does it cost to install solar panels in Mendon?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Mendon?
A solar panel system isn't free in Mendon, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Mendon?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Mendon?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.