Solar Panel Cost Guide in Niagara Falls, NY (Feb 2023)

  • Niagara Falls 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 Falls

Find out what the average cost of installing solar panels is in Niagara Falls.

Although the national average of solar panels is $2.66 per watt, solar panels in Niagara Falls generally cost about $3. To cover the typical energy usage of the average home in Niagara Falls, most homeowners require a 4.2-kilowatt system. Using the figure above, a solar installation costs about $8,590, or $6,357 after the federal solar tax credit of 30% is applied.

The true price you pay can go above or below the average in Niagara Falls based on a few factors, such as the model of solar panels you choose and the solar installer you hire. With average savings of about $15,000 on electricity bills over 20 years, many homeowners in Niagara Falls find going solar has a decent ROI.

You can click the button below to get connected with a top solar company in Niagara Falls for a quote for your home.

Solar savings over time in Niagara Falls

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 Falls

Many homeowners opt for a solar installation company since trying to install solar panels yourself can be a lot of work. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.

If you'd like to start using solar energy but still aren't certain which solar panel company to go with, here are our recommendations 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 Falls

Factors that Affect Solar Panel Costs in Niagara Falls

For many Niagara Falls homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Niagara Falls, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,950. The kind of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.

Solar Financing Terms

Most solar installers in Niagara Falls have solar loans, which reduce the initial cost of installing solar panels. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

The solar panel installer you choose will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment 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 $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 a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:

  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
  • Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
  • Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
  • Solar Panel Brands: The brand of solar panel you'd like to get plays a part in which company you should opt for, since different companies offer different panels.

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 Falls, NY Solar Cost FAQs

What is the average cost of installing solar panels in Niagara Falls?

This is a tough question to answer exactly, because the cost depends on a variety of 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 other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

Are solar panels free in Niagara Falls?

Solar panels aren't free in Niagara Falls, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

How much can I save on electricity bills after installing solar panels?

Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $779.28 per year.

How often do you have to replace solar panels?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.

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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