Solar Panel Cost Guide in Pendleton, NY (2023 Update)
- Pendleton Solar Installation Cost: $10,627
- 25-Year Savings: $7,149
- Payback Period: 16.9 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Pendleton
Find out what the average cost of solar panel installation is in Pendleton.
Although the national average of solar panels is $2.66 per watt, solar panels in Pendleton typically cost about 2.95.To account for the typical energy usage of the average home in Pendleton, most homeowners require a 4.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $8,590, or $12,284 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of installing solar panels can vary depending on several factors, such as how many panels you need, your energy consumption and what installation company you go with.For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Pendleton see about $14,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Pendleton
| Year | Return on Investment |
|---|---|
| 1 years | $-9,760 |
| 3 years | $-8,026 |
| 5 years | $-6,291 |
| 7 years | $-4,557 |
| 9 years | $-2,822 |
| 11 years | $-1,088 |
| 13 years | $647 |
| 15 years | $2,381 |
| 17 years | $4,116 |
| 19 years | $5,850 |
| 21 years | $7,585 |
| 23 years | $9,319 |
| 25 years | $11,054 |
Top Solar Installers in Pendleton
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Using a solar company can make converting to solar power much easier. The payback period on a solar system will vary based on factors like your location and energy consumption, but working with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
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
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Pendleton: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly 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 important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,950. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Pendleton average.
Solar Financing Terms
Most solar companies in Pendleton offer solar loans, which reduce your upfront costs of installing solar panels.You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Pendleton, you'll have many options to choose from, but each comes at different price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also fits within your budget.
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 | $6,759 | 17.6 years |
| 8 kW | $3.72 | $20,849 | $9,420 | 17.2 years |
| 10 kW | $3.65 | $25,550 | $12,286 | 16.9 years |
| 12 kW | $3.58 | $30,047 | $15,357 | 16.5 years |
| 14 kW | $3.50 | $34,339 | $18,632 | 16.2 years |
| 16 kW | $3.43 | $38,427 | $22,111 | 15.9 years |
| 18 kW | $3.36 | $42,311 | $25,795 | 15.5 years |
| 20 kW | $3.29 | $45,990 | $29,683 | 15.2 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
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
What is the average cost of installing solar panels in Pendleton?
The average cost of solar panels in Pendleton is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Pendleton?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.