Solar Panel Cost Guide in Moreau, NY (2024 Update)
- Moreau Solar Installation Cost: $11,457
- 25-Year Savings: $6,948
- Payback Period: 17.7 Years
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Average Cost of Solar Panels in Moreau
Find out what the average cost of installing solar panels is in Moreau.
In Moreau, solar panels cost about 4 per watt on average.The average Moreau homeowner needs a 4.5-kilowatt system, which would cost about $11,457 with the federal tax credit, or $16,384 before the 0 tax credit is applied.
The actual price you pay can be above or below the average in Moreau based on a few factors, such as the type of solar panels you choose and the solar contractor you hire.With average savings of about $14,000 on utility bills over 20 years, many homeowners in Moreau find investing in solar can be quite rewarding.
Click the button below to get connected to a vetted solar company in Moreau for a custom quote.
Solar savings over time in Moreau
| Year | Return on Investment |
|---|---|
| 1 years | $-10,548 |
| 3 years | $-8,731 |
| 5 years | $-6,914 |
| 7 years | $-5,097 |
| 9 years | $-3,279 |
| 11 years | $-1,462 |
| 13 years | $355 |
| 15 years | $2,172 |
| 17 years | $3,989 |
| 19 years | $5,806 |
| 21 years | $7,623 |
| 23 years | $9,441 |
| 25 years | $11,258 |
Top Solar Installers in Moreau
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring a solar panel installer can make your swap to solar power much easier. Companies can also have access to a large variety of the best solar panels and help you choose which one will be best for your home.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Moreau
Factors that Affect Solar Panel Costs in Moreau
For many Moreau homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Moreau, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect 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
Most solar companies in Moreau provide solar loans, which reduce the initial cost of installing solar panels.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Moreau is the company you hire to install your PV system. As with choosing a company to install new cabinets, for instance, you’ll have many options for solar installers that provide a range of services at different costs.Additionally, some companies in Moreau are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $5,743 | 18.4 years |
| 8 kW | $3.72 | $20,849 | $8,066 | 18.0 years |
| 10 kW | $3.65 | $25,550 | $10,594 | 17.7 years |
| 12 kW | $3.58 | $30,047 | $13,326 | 17.3 years |
| 14 kW | $3.50 | $34,339 | $16,262 | 17.0 years |
| 16 kW | $3.43 | $38,427 | $19,403 | 16.6 years |
| 18 kW | $3.36 | $42,311 | $22,748 | 16.3 years |
| 20 kW | $3.29 | $45,990 | $26,298 | 15.9 years |
How to Save on Solar Panels
There are a large number of companies available in Moreau, 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:
- Warranty: If you’re worried about the durability of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Look through the contract terms closely to make sure you understand the total cost, project timeline incentives and warranties.
- Reputation: Companies that have been in business for many years likely have a solid 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 support, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
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 Moreau, NY Solar Cost FAQs
What is the average cost of installing solar panels in Moreau?
This is a tough question to answer exactly, because the cost depends on a variety of 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Moreau?
Solar panels can be a fruitful investment for most 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 fairly low, solar panels might not be for you.
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 buy 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.
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.