Solar Panel Cost Guide in North Gates, NY (2024 Update)
- North Gates Solar Installation Cost: $10,653
- 25-Year Savings: $8,676
- Payback Period: 15.4 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in North Gates
Let’s have a look at the average cost of solar panels in North Gates.
In North Gates, solar panels cost about 4 per watt on average.The average solar panel system size in North Gates is around 4.2 kilowatts, meaning a cost of about $10,653 for a solar installation, or $15,234 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of North Gates homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar power is worth paying. On average North Gates homeowners see about $16,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in North Gates for a quote for your home.
Solar savings over time in North Gates
Year | Return on Investment |
---|---|
1 years | $-9,746 |
3 years | $-7,934 |
5 years | $-6,122 |
7 years | $-4,309 |
9 years | $-2,497 |
11 years | $-684 |
13 years | $1,128 |
15 years | $2,941 |
17 years | $4,753 |
19 years | $6,566 |
21 years | $8,378 |
23 years | $10,190 |
25 years | $12,003 |
Top Solar Installers in North Gates
When going solar, many homeowners opt to go with a solar installer since installing solar panels yourself can be a difficult project. Solar warranties and repairs are often included in the cost of installation when you hire a solar contractor too, which can save you more money after your upfront investment.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best National Provider
SunPower
- 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
- 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 North Gates
Factors that Affect Solar Panel Costs in North Gates
The cost of installing a solar system in North Gates can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like North Gates, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in North Gates, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can impact your pricing. North Gates’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in North Gates are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $8,933 | 16.0 years |
8 kW | $3.72 | $20,849 | $12,319 | 15.7 years |
10 kW | $3.65 | $25,550 | $15,910 | 15.4 years |
12 kW | $3.58 | $30,047 | $19,705 | 15.1 years |
14 kW | $3.50 | $34,339 | $23,704 | 14.8 years |
16 kW | $3.43 | $38,427 | $27,908 | 14.5 years |
18 kW | $3.36 | $42,311 | $32,317 | 14.2 years |
20 kW | $3.29 | $45,990 | $36,929 | 13.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
Best National Provider
SunPower
- 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
- 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 North Gates, NY Solar Cost FAQs
How much does it cost to install solar panels in North Gates?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly 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 be more expensive if you want other solar equipment or more efficient 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.
Is it better to lease or buy solar panels in North Gates?
Leasing solar panels can be an attractive choice, because it usually 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Does North Gates have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How long do solar panels last in North Gates?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.