Solar Panel Cost Guide in New Hartford, NY (2024 Update)
- New Hartford Solar Installation Cost: $11,803
- 25-Year Savings: $6,411
- Payback Period: 18.5 Years
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Average Cost of Solar Panels in New Hartford
Let’s have a look at the average cost of solar panels in New Hartford.
While the national average of solar panels is $2.66 per watt, solar panels in New Hartford typically cost about 4.The average solar panel system size in New Hartford is around 4.6 kilowatts, meaning a cost of about $11,803 for a solar installation, or $16,878 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more.Many homeowners find going solar is a rewarding investment. The average homeowner in New Hartford can save about $13,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar panel company in your area for a custom quote.
Solar savings over time in New Hartford
| Year | Return on Investment |
|---|---|
| 1 years | $-10,911 |
| 3 years | $-9,127 |
| 5 years | $-7,343 |
| 7 years | $-5,559 |
| 9 years | $-3,775 |
| 11 years | $-1,991 |
| 13 years | $-207 |
| 15 years | $1,577 |
| 17 years | $3,361 |
| 19 years | $5,145 |
| 21 years | $6,929 |
| 23 years | $8,714 |
| 25 years | $10,498 |
Top Solar Installers in New Hartford
Although you can install solar panels on your own, it involves extra energy and handiness. That's one of the reasons most people choose a solar panel installer. Plus, if you’re unsure what kind of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar company in New Hartford, the EcoWatch team has compiled a list of our top suggestions here:
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 New Hartford
Factors that Affect Solar Panel Costs in New Hartford
There are several criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
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 energy your household uses, the larger your system will likely need to be. You can expect to pay about $3,650 per kilowatt in New Hartford.There are many different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install 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
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many New Hartford homeowners choose to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in New Hartford, you’ll have many options to choose from, but each comes at different price points for labor and equipment.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $4,774 | 19.2 years |
| 8 kW | $3.72 | $20,849 | $6,774 | 18.9 years |
| 10 kW | $3.65 | $25,550 | $8,978 | 18.5 years |
| 12 kW | $3.58 | $30,047 | $11,387 | 18.1 years |
| 14 kW | $3.50 | $34,339 | $14,000 | 17.8 years |
| 16 kW | $3.43 | $38,427 | $16,818 | 17.4 years |
| 18 kW | $3.36 | $42,311 | $19,840 | 17.0 years |
| 20 kW | $3.29 | $45,990 | $23,066 | 16.6 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases provide good-quality solar panel installation and expertise.
- Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
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 New Hartford, NY Solar Cost FAQs
How much does it cost to install solar panels in New Hartford?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in New Hartford?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
How will solar panels impact my home value?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses 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.