Solar Panel Cost Guide in Moriah, NY (2023 Update)
- Moriah Solar Installation Cost: $9,582
- 25-Year Savings: $6,156
- Payback Period: 15.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Moriah
Find out what the average cost of solar panel installation is in Moriah.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Moriah, the average cost of a solar system is 2.95 per watt. The average solar panel system size in Moriah is around 4.6 kilowatts, meaning a cost of about $9,582 for a solar installation, or $13,702 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what installation company you go with. With average savings of about $13,000 on electricity bills over 20 years, many homeowners in Moriah find going solar can be quite rewarding.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Moriah
| Year | Return on Investment |
|---|---|
| 1 years | $-8,952 |
| 3 years | $-7,693 |
| 5 years | $-6,434 |
| 7 years | $-5,175 |
| 9 years | $-3,916 |
| 11 years | $-2,657 |
| 13 years | $-1,398 |
| 15 years | $-139 |
| 17 years | $1,120 |
| 19 years | $2,379 |
| 21 years | $3,638 |
| 23 years | $4,897 |
| 25 years | $6,156 |
Top Solar Installers in Moriah
Many homeowners opt for a solar panel company since trying to put up solar panels yourself can be challenging. Plus, if you're unsure what brand of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Moriah
Factors that Affect Solar Panel Costs in Moriah
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Moriah: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Moriah, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can gauge by looking at past power bills. Your total cost can increase by about $2,950 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Moriah, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Moriah, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your total costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect the cost. Moriah's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $7,459 | 15.8 years |
| 8 kW | $3.01 | $16,850 | $10,276 | 15.5 years |
| 10 kW | $2.95 | $20,650 | $13,257 | 15.2 years |
| 12 kW | $2.89 | $24,284 | $16,404 | 14.9 years |
| 14 kW | $2.83 | $27,754 | $19,717 | 14.6 years |
| 16 kW | $2.77 | $31,058 | $23,194 | 14.3 years |
| 18 kW | $2.71 | $34,196 | $26,837 | 14.0 years |
| 20 kW | $2.66 | $37,170 | $30,645 | 13.7 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose greatly impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you care about the longevity of your solar system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Before signing a contract with a solar installer, make sure to look it over completely 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 part breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
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 Moriah, NY Solar Cost FAQs
What is the average cost of installing solar panels in Moriah?
This is a difficult 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Moriah?
Solar panels aren't free in Moriah, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $678.15 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs 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 buy 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.