Solar Panel Cost Guide in Monticello, NY (2025 Update)
- Monticello Solar Installation Cost: $11,236
- 25-Year Savings: $11,869
- Payback Period: 13.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Monticello
Let’s have a look at the average cost of solar in Monticello.
The average cost of a solar system in Monticello is 4 per watt.The average solar panel system size in Monticello is around 4.4 kilowatts, meaning a cost of about $11,236 for a solar installation, or $16,067 before the 0 federal solar tax credit is applied.
The actual price you pay can be higher or lower than the average in Monticello depending on a variety of factors, such as the model of solar panels you choose and the solar company you hire.With average savings of about $18,000 on power bills over 20 years, many homeowners in Monticello find investing in solar can pay off big.
You can click the button below to get connected with a top solar company in Monticello for a quote for your home.
Solar savings over time in Monticello
| Year | Return on Investment |
|---|---|
| 1 years | $-10,410 |
| 3 years | $-8,758 |
| 5 years | $-7,106 |
| 7 years | $-5,454 |
| 9 years | $-3,802 |
| 11 years | $-2,151 |
| 13 years | $-499 |
| 15 years | $1,153 |
| 17 years | $2,805 |
| 19 years | $4,457 |
| 21 years | $6,109 |
| 23 years | $7,761 |
| 25 years | $9,412 |
Top Solar Installers in Monticello
When switching to solar energy, many homeowners prefer to use a solar installer since DIY solar panel installation can be a difficult project. Local solar companies can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by offering warranties and repairs.
If you’d like to start using solar energy but still aren’t sure which solar panel company to go with, here are our recommendations for providers nearby:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Monticello
Factors that Affect Solar Panel Costs in Monticello
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Monticello: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The brand and kind of equipment you get for your solar system can increase or decrease 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 add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.Even though solar loans make switching to solar energy more accessible for Monticello homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Monticello is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that provide a range of services for different budgets.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $12,640 | 13.9 years |
| 8 kW | $3.72 | $20,849 | $17,263 | 13.7 years |
| 10 kW | $3.65 | $25,550 | $22,089 | 13.4 years |
| 12 kW | $3.58 | $30,047 | $27,120 | 13.1 years |
| 14 kW | $3.50 | $34,339 | $32,356 | 12.9 years |
| 16 kW | $3.43 | $38,427 | $37,796 | 12.6 years |
| 18 kW | $3.36 | $42,311 | $43,440 | 12.3 years |
| 20 kW | $3.29 | $45,990 | $49,289 | 12.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in Monticello, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- 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 acquire 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Monticello, NY Solar Cost FAQs
What is the average cost of installing solar panels in Monticello?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Monticello?
Solar panels aren’t free in Monticello, 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 can further reduce the cost.
Does Monticello have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
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 should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using 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.