Solar Panel Cost Guide in Pendleton, NY (2023 Update)
- Pendleton Solar Installation Cost: $8,590
- 25-Year Savings: $7,148
- Payback Period: 13.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Pendleton
We go over average solar pricing in Pendleton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pendleton, the typical cost of a solar system is 2.95 per watt. Using this figure, a typical 4.2-kW system would cost about $8,590 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Pendleton based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire. With average savings of about $14,000 on energy bills over 20 years, many homeowners in Pendleton find going solar can pay off big.
Click the button below to get connected to a reputable solar company in Pendleton for a custom quote.
Solar savings over time in Pendleton
| Year | Return on Investment |
|---|---|
| 1 years | $-7,961 |
| 3 years | $-6,702 |
| 5 years | $-5,443 |
| 7 years | $-4,184 |
| 9 years | $-2,925 |
| 11 years | $-1,666 |
| 13 years | $-407 |
| 15 years | $852 |
| 17 years | $2,111 |
| 19 years | $3,370 |
| 21 years | $4,630 |
| 23 years | $5,889 |
| 25 years | $7,148 |
Top Solar Installers in Pendleton
When going solar, many homeowners decide to use a solar installer since putting up a solar system yourself can be a challenging project. Another perk of utilizing a solar installer is that they can help you maximize your return of investment by cutting back on future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Pendleton
Factors that Affect Solar Panel Costs in Pendleton
The cost of installing a solar system in Pendleton can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,950. There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency 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 far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Pendleton homeowners choose to finance their solar panel systems to make going solar more affordable. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Pendleton, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $9,816 | 14.2 years |
| 8 kW | $3.01 | $16,850 | $13,419 | 13.9 years |
| 10 kW | $2.95 | $20,650 | $17,186 | 13.6 years |
| 12 kW | $2.89 | $24,284 | $21,119 | 13.4 years |
| 14 kW | $2.83 | $27,754 | $25,217 | 13.1 years |
| 16 kW | $2.77 | $31,058 | $29,481 | 12.8 years |
| 18 kW | $2.71 | $34,196 | $33,909 | 12.6 years |
| 20 kW | $2.66 | $37,170 | $38,503 | 12.3 years |
How to Save on Solar Panels
There are a large number of companies available in Pendleton, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
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 Pendleton, NY Solar Cost FAQs
How much does it cost to install solar panels in Pendleton?
This is a hard question to answer exactly, because the cost depends on a few different 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 additional 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 choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Pendleton?
Leasing solar panels can be an option if you can't afford to 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 home 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 financial benefits from going solar.
Can solar panels significantly reduce my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Pendleton, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.