Solar Panel Cost Guide in New Hartford, NY (2023 Update)
- New Hartford Solar Installation Cost: $9,540
- 25-Year Savings: $6,411
- Payback Period: 15.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in New Hartford
Let's take a look at the average cost of solar in New Hartford.
Currently, the national average cost of solar panels is $2.66 per watt. However, in New Hartford, the average cost of a solar system is 2.95 per watt. Since a 4.6-kW system is needed to cover the energy costs of a typical home in New Hartford, the average price of going solar will be about $9,540 after claiming the federal solar tax credit of 30%.
These figures are only averages, and the cost of going solar for you will look different based on your specific situation and what company you choose to go with. For many homeowners, the upfront investment in solar is worth paying. On average homeowners in New Hartford see about $13,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in New Hartford for a quote for your home.
Solar savings over time in New Hartford
| Year | Return on Investment |
|---|---|
| 1 years | $-9,487 |
| 3 years | $-9,380 |
| 5 years | $-9,274 |
| 7 years | $-9,168 |
| 9 years | $-9,061 |
| 11 years | $-8,955 |
| 13 years | $-8,849 |
| 15 years | $-8,742 |
| 17 years | $-8,636 |
| 19 years | $-8,530 |
| 21 years | $-8,423 |
| 23 years | $-8,317 |
| 25 years | $-8,211 |
Top Solar Installers in New Hartford
When making the switch to solar, many homeowners prefer to use a solar installer since handling can be a difficult project. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 New Hartford
Factors that Affect Solar Panel Costs in New Hartford
There are several criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,950 per kilowatt in New Hartford. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $3.07 | $12,886 | $7,831 | 15.5 years |
| 8 kW | $3.01 | $16,850 | $10,772 | 15.3 years |
| 10 kW | $2.95 | $20,650 | $13,878 | 15.0 years |
| 12 kW | $2.89 | $24,284 | $17,149 | 14.7 years |
| 14 kW | $2.83 | $27,754 | $20,586 | 14.4 years |
| 16 kW | $2.77 | $31,058 | $24,187 | 14.1 years |
| 18 kW | $2.71 | $34,196 | $27,954 | 13.8 years |
| 20 kW | $2.66 | $37,170 | $31,886 | 13.5 years |
How to Save on Solar Panels
The solar panel company you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Contract: Before you sign a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you aren't sure 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.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
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 New Hartford, NY Solar Cost FAQs
What is the average cost of installing solar panels in New Hartford?
This is a tough 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. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in New Hartford?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in New Hartford?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs 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 get 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.