Solar Panel Cost Guide in Phelps, NY (Jan 2023)
- Phelps Solar Installation Cost: $9,520
- 25-Year Savings: $6,213
- Payback Period: 15.1 Years
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Top Solar Installers in Phelps
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make your switch to solar power much easier. The expertise that solar companies provide can be valuable as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
See all of the solar companies in Phelps
Factors that Affect Solar Panel Costs in Phelps
The cost of installing a solar system in Phelps can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,950 per kilowatt in Phelps. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Phelps, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in Phelps, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. While solar loans make going solar more accessible for Phelps homeowners, they can also raise 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 solar installer you choose will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Phelps are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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||$7,593||15.7 years|
|8 kW||$3.01||$16,850||$10,454||15.4 years|
|10 kW||$2.95||$20,650||$13,481||15.1 years|
|12 kW||$2.89||$24,284||$16,673||14.8 years|
|14 kW||$2.83||$27,754||$20,030||14.5 years|
|16 kW||$2.77||$31,058||$23,552||14.2 years|
|18 kW||$2.71||$34,196||$27,239||13.9 years|
|20 kW||$2.66||$37,170||$31,092||13.6 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Solar Panel Brands: The brand of solar panel you want plays a role in which installer you should go with, since different companies provide different panels.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
EcoWatch's Phelps, 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.