Solar Panel Cost Guide in Ogden, NY (2023 Update)
- Ogden Solar Installation Cost: $8,610
- 25-Year Savings: $8,197
- Payback Period: 12.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ogden
Find out how much it might cost to install solar panels in Ogden.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ogden, the average cost of solar panels is 2.95 per watt. The average solar panel system size in Ogden is around 4.2 kilowatts, meaning a cost of about $8,611 for a solar installation, or $12,314 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may look different based on your energy needs and what company you want to go with. Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Ogden can save about $15,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar company in Ogden for a quote for your home.
Solar savings over time in Ogden
| Year | Return on Investment |
|---|---|
| 1 years | $-7,702 |
| 3 years | $-5,887 |
| 5 years | $-4,072 |
| 7 years | $-2,256 |
| 9 years | $-441 |
| 11 years | $1,374 |
| 13 years | $3,190 |
| 15 years | $5,005 |
| 17 years | $6,820 |
| 19 years | $8,635 |
| 21 years | $10,451 |
| 23 years | $12,266 |
| 25 years | $14,081 |
Top Solar Installers in Ogden
When switching to solar energy, many homeowners choose to use a solar company since overseeing your solar installation yourself can be a difficult project. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be right for you.
If you're on the hunt for a solar company in Ogden, the EcoWatch team has organized 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
See all of the solar companies in Ogden
Factors that Affect Solar Panel Costs in Ogden
Though the average cost of a solar system in Ogden is $8,611, your actual cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better 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 $2,950. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Ogden average.
Solar Financing Terms
Many homeowners find the average cost of solar in Ogden to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. However, the interest on solar loans also increases your all-in costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Ogden, you'll have many options to choose from, but each comes at varying price points for labor and equipment. The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $11,300 | 13.3 years |
| 8 kW | $3.01 | $16,850 | $15,397 | 13.1 years |
| 10 kW | $2.95 | $20,650 | $19,659 | 12.8 years |
| 12 kW | $2.89 | $24,284 | $24,087 | 12.6 years |
| 14 kW | $2.83 | $27,754 | $28,679 | 12.3 years |
| 16 kW | $2.77 | $31,058 | $33,437 | 12.0 years |
| 18 kW | $2.71 | $34,196 | $38,360 | 11.8 years |
| 20 kW | $2.66 | $37,170 | $43,449 | 11.5 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
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 Ogden, NY Solar Cost FAQs
What is the average cost of installing solar panels in Ogden?
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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Ogden?
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 bang for your buck from going solar.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
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 goes down 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.