Solar Panel Cost Guide in Perry, NY (2023 Update)
- Perry Solar Installation Cost: $9,503
- 25-Year Savings: $6,255
- Payback Period: 15.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Perry
See how much it might cost to make the switch to solar in Perry.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Perry, the typical cost of solar panels is 2.95 per watt. Using this figure, a typical 4.6-kW system would cost about $9,499 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Perry homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Perry see about $13,000 in savings on utility bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Perry
| Year | Return on Investment |
|---|---|
| 1 years | $-8,677 |
| 3 years | $-7,025 |
| 5 years | $-5,373 |
| 7 years | $-3,721 |
| 9 years | $-2,070 |
| 11 years | $-418 |
| 13 years | $1,234 |
| 15 years | $2,886 |
| 17 years | $4,538 |
| 19 years | $6,190 |
| 21 years | $7,841 |
| 23 years | $9,493 |
| 25 years | $11,145 |
Top Solar Installers in Perry
When switching to solar energy, many homeowners prefer to hire a solar company since handling can be a time-consuming project. Companies can also have access to quality options of the best solar panels and help you decide which one will be best for your family.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Perry
Factors that Affect Solar Panel Costs in Perry
While the average cost of a solar system in Perry is $9,499, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,950 per kilowatt in Perry. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Perry, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, 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
Many homeowners find the average cost of solar in Perry to be too steep, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. While solar loans make adopting solar energy more accessible for Perry homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Perry, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $7,660 | 15.7 years |
| 8 kW | $3.01 | $16,850 | $10,544 | 15.4 years |
| 10 kW | $2.95 | $20,650 | $13,592 | 15.1 years |
| 12 kW | $2.89 | $24,284 | $16,807 | 14.8 years |
| 14 kW | $2.83 | $27,754 | $20,186 | 14.5 years |
| 16 kW | $2.77 | $31,058 | $23,730 | 14.2 years |
| 18 kW | $2.71 | $34,196 | $27,440 | 13.9 years |
| 20 kW | $2.66 | $37,170 | $31,315 | 13.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
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 Perry, NY Solar Cost FAQs
What is the average cost of installing solar panels in Perry?
This is a hard 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Perry?
You can't get solar panels for free in Perry. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Perry is currently $105,239, which means you could be looking at a value of about $4,315 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Perry is a rewarding investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.