Solar Panel Cost Guide in Mount Ivy, NY (2024 Update)

  • Mount Ivy Solar Installation Cost: $10,838
  • 25-Year Savings: $18,340
  • Payback Period: 10.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Mount Ivy

Let’s have a look at the average cost of solar panels in Mount Ivy.

The national average cost of solar panels is $2.66 per watt, but in Mount Ivy it’s 4 per watt.The average Mount Ivy homeowner needs a 4.2-kilowatt system, which would cost about $10,838 with the federal tax credit, or $15,498 before the 0 tax credit is applied.

The true cost of your system can go higher or lower than the average in Mount Ivy depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire.For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Mount Ivy see about $24,000 in savings on utility bills over 20 years.

You can click the button below to get connected with a top solar company in Mount Ivy that can help you get a more accurate cost estimate for your home.

Solar savings over time in Mount Ivy

Year Return on Investment
1 years $-9,497
3 years $-6,815
5 years $-4,133
7 years $-1,452
9 years $1,230
11 years $3,912
13 years $6,594
15 years $9,275
17 years $11,957
19 years $14,639
21 years $17,320
23 years $20,002
25 years $22,684

Top Solar Installers in Mount Ivy

Trying to install solar panels by yourself can be a difficult project, which is why getting a solar installer is a good option for many homeowners. The expertise that solar companies provide can be valuable as well, especially if you aren’t sure what type of solar equipment would be right for your home.

There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Mount Ivy

Factors that Affect Solar Panel Costs in Mount Ivy

Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Mount Ivy: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better 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 $3,650.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Mount Ivy homeowners opt to finance their solar panel systems to offset upfront costs.Although solar loans make adopting solar energy more accessible for Mount Ivy 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 cut back on how much interest you have to pay.

Solar Panel Installation Company

The solar installer you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Mount Ivy, and each can charge different amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 $22,389 10.4 years
8 kW $3.72 $20,849 $30,260 10.2 years
10 kW $3.65 $25,550 $38,336 10.0 years
12 kW $3.58 $30,047 $46,617 9.8 years
14 kW $3.50 $34,339 $55,102 9.6 years
16 kW $3.43 $38,427 $63,791 9.4 years
18 kW $3.36 $42,311 $72,685 9.2 years
20 kW $3.29 $45,990 $81,783 9.0 years

How to Save on Solar Panels

There are a lot of companies available in Mount Ivy, 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:

  • Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
  • Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
  • Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
  • Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Mount Ivy, NY Solar Cost FAQs

How much does it cost to install solar panels in Mount Ivy?

The average cost of solar panels in Mount Ivy is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.

Can you get solar panels for free in Mount Ivy?

You can’t get solar panels for free in Mount Ivy. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.

Can solar panels completely eradicate my energy bills?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Mount Ivy, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.

How many solar panels should I get to power my home?

To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.

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.

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