Solar Panel Cost Guide in Mount Morris, NY (2023 Update)
- Mount Morris Solar Installation Cost: $9,623
- 25-Year Savings: $6,453
- Payback Period: 15.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mount Morris
Find out how much it might cost to switch to solar power in Mount Morris.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mount Morris, the typical cost of a solar system is 2.95 per watt. The average solar panel system size in Mount Morris is around 4.7 kilowatts, meaning a cost of about $9,623 for a solar installation, or $13,761 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 panel system. The true cost of going solar can vary based on a few factors, such as what size system you need, your energy usage and what company you go with. Even with the large initial cost, the average Mount Morris homeowner can save around $13,000 on their power bills over 20 years, which is one of the benefits of solar.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Mount Morris
| Year | Return on Investment |
|---|---|
| 1 years | $-8,980 |
| 3 years | $-7,694 |
| 5 years | $-6,408 |
| 7 years | $-5,122 |
| 9 years | $-3,836 |
| 11 years | $-2,550 |
| 13 years | $-1,264 |
| 15 years | $23 |
| 17 years | $1,309 |
| 19 years | $2,595 |
| 21 years | $3,881 |
| 23 years | $5,167 |
| 25 years | $6,453 |
Top Solar Installers in Mount Morris
Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be a labor-intensive endeavor. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for your family.
Working with a licensed solar installer can make going solar easier. 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
See all of the solar companies in Mount Morris
Factors that Affect Solar Panel Costs in Mount Morris
For many Mount Morris homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Mount Morris, 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
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $2,950 per kilowatt in Mount Morris. There are many different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Mount Morris to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you go with to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies in Mount Morris, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $7,814 | 15.6 years |
| 8 kW | $3.01 | $16,850 | $10,748 | 15.3 years |
| 10 kW | $2.95 | $20,650 | $13,849 | 15.0 years |
| 12 kW | $2.89 | $24,284 | $17,114 | 14.7 years |
| 14 kW | $2.83 | $27,754 | $20,544 | 14.4 years |
| 16 kW | $2.77 | $31,058 | $24,140 | 14.1 years |
| 18 kW | $2.71 | $34,196 | $27,901 | 13.8 years |
| 20 kW | $2.66 | $37,170 | $31,827 | 13.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When going solar, it's necessary 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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Mount Morris, NY Solar Cost FAQs
How much does it cost to install solar panels in Mount Morris?
The average cost of solar panels in Mount Morris is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mount Morris is currently $92,391, which means you can expect a value of about $3,788 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Mount Morris is a rewarding investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.