Solar Panel Cost Guide in Niagara, NY (Jan 2023)

  • Niagara Solar Installation Cost: $8,590
  • 25-Year Savings: $7,617
  • Payback Period: 13.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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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 Niagara

We go over average solar pricing in Niagara.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Niagara, the average cost of a solar system is $3 per watt. The average Niagara homeowner needs a 4.2-kilowatt system, which would cost about $8,590, or $6,357 after the federal solar tax credit of 30% is applied.

The actual price you pay can go higher or lower than the average in Niagara based on a few factors, such as the kind of solar panels you choose and the solar installer you hire. With typical savings of about $15,000 on power bills over 20 years, many homeowners in Niagara find investing in solar can pay off big.

You can click the button below to get connected with a vetted solar installer in Niagara that can help you get a more accurate cost estimate for your home.

Solar savings over time in Niagara

Year Return on Investment
1 years $-7,942
3 years $-6,646
5 years $-5,349
7 years $-4,052
9 years $-2,756
11 years $-1,459
13 years $-163
15 years $1,134
17 years $2,430
19 years $3,727
21 years $5,023
23 years $6,320
25 years $7,617

Top Solar Installers in Niagara

Many homeowners decide to hire a solar panel installer since trying to install solar panels yourself can be time-consuming. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.

If you'd like to start using solar energy but still aren't certain which solar installer to go with, here are our suggestions for providers near you:

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 Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Niagara

Factors that Affect Solar Panel Costs in Niagara

Though the average cost of a solar system in Niagara is $8,590, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Niagara, 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 consumption, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,950 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want to install 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

Most solar companies in Niagara have solar loans, which reduce the initial cost of installing a solar system. However, the interest on solar loans also adds to your overall costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.

Solar Panel Installation Company

The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Niagara, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually 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 additional services like electric vehicle 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 $3.07 $12,886 $10,493 13.8 years
8 kW $3.01 $16,850 $14,321 13.5 years
10 kW $2.95 $20,650 $18,314 13.2 years
12 kW $2.89 $24,284 $22,472 13.0 years
14 kW $2.83 $27,754 $26,796 12.7 years
16 kW $2.77 $31,058 $31,285 12.5 years
18 kW $2.71 $34,196 $35,939 12.2 years
20 kW $2.66 $37,170 $40,758 11.9 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
  • Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
  • Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.

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 Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Niagara, NY Solar Cost FAQs

How much does it cost to install solar panels in Niagara?

The average cost of solar panels in Niagara is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Niagara?

Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

Is it worth going solar in Niagara?

Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.

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 account for 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.

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