Solar Panel Cost Guide in Oswego, NY (Jan 2023)
- Oswego Solar Installation Cost: $9,458
- 25-Year Savings: $7,289
- Payback Period: 14.1 Years
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Top Solar Installers in Oswego
Although it's possible to install solar panels by yourself, it takes extra time and knowledge. Because of that, the majority of homeowners choose to go with a solar panel installer. Local solar installers can also help you optimize your return on investment by assisting with any local incentives and by offering warranties and repairs.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Oswego
Factors that Affect Solar Panel Costs in Oswego
The cost of installing a solar system in Oswego can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are several different solar panel brands and the one you choose also affects the cost. In general, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you want 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
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Oswego, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. While solar loans make switching to solar energy more accessible for Oswego homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can influence the cost. Oswego's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Oswego are more knowledgeable about local solar incentives and can help you take advantage of 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||$3.07||$12,886||$9,045||14.7 years|
|8 kW||$3.01||$16,850||$12,391||14.4 years|
|10 kW||$2.95||$20,650||$15,902||14.1 years|
|12 kW||$2.89||$24,284||$19,578||13.8 years|
|14 kW||$2.83||$27,754||$23,419||13.6 years|
|16 kW||$2.77||$31,058||$27,425||13.3 years|
|18 kW||$2.71||$34,196||$31,597||13.0 years|
|20 kW||$2.66||$37,170||$35,933||12.7 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which type 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 ask for their list of options before making your decision.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
EcoWatch's Oswego, NY Solar Cost FAQs
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.