Solar Panel Cost Guide in Moreau, NY (2023 Update)
- Moreau Solar Installation Cost: $9,251
- 25-Year Savings: $6,956
- Payback Period: 14.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Moreau
See how much it might cost to install solar panels in Moreau.
In Moreau, solar panels cost about 2.95 per watt on average. Since a 4.5-kW system is needed to cover the energy usage of a typical home in Moreau, the average price of going solar will be about $9,251 after claiming the federal solar tax credit of 30%.
The actual price you pay can go higher or lower than the average in Moreau depending on several factors, such as the type of solar panels you choose and the solar installer you hire. With average savings of about $14,000 on electricity bills over 20 years, many homeowners in Moreau find installing solar panels can be quite rewarding.
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 Moreau
| Year | Return on Investment |
|---|---|
| 1 years | $-8,603 |
| 3 years | $-7,306 |
| 5 years | $-6,010 |
| 7 years | $-4,713 |
| 9 years | $-3,417 |
| 11 years | $-2,120 |
| 13 years | $-824 |
| 15 years | $473 |
| 17 years | $1,770 |
| 19 years | $3,066 |
| 21 years | $4,363 |
| 23 years | $5,659 |
| 25 years | $6,956 |
Top Solar Installers in Moreau
When going solar, many homeowners prefer to hire a solar installation company since putting up solar panels yourself can be a difficult project. The expertise that solar companies provide can be valuable as well, particularly if you don't quite know what type of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Moreau:
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 Moreau
Factors that Affect Solar Panel Costs in Moreau
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Moreau: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,950. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Moreau average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Moreau homeowners decide to finance their solar panel systems to make going solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can play a role in determining how much it costs. Moreau's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that offers the products, warranties and services you're looking for and also fits within your budget.
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 | $8,801 | 14.9 years |
| 8 kW | $3.01 | $16,850 | $12,065 | 14.6 years |
| 10 kW | $2.95 | $20,650 | $15,494 | 14.3 years |
| 12 kW | $2.89 | $24,284 | $19,088 | 14.0 years |
| 14 kW | $2.83 | $27,754 | $22,848 | 13.7 years |
| 16 kW | $2.77 | $31,058 | $26,772 | 13.4 years |
| 18 kW | $2.71 | $34,196 | $30,862 | 13.1 years |
| 20 kW | $2.66 | $37,170 | $35,118 | 12.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Well-established companies 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.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: If you care about the durability of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Moreau, NY Solar Cost FAQs
How much does it cost to install solar panels in Moreau?
This is a hard question to answer precisely, 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. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Moreau?
A solar panel system isn't free in Moreau, 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.
Can you sell solar power back to the grid in Moreau?
The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 install 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.