Solar Panel Cost Guide in Pompey, NY (2023 Update)
- Pompey Solar Installation Cost: $9,561
- 25-Year Savings: $6,365
- Payback Period: 15.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pompey
We go over average solar pricing in Pompey.
The national average cost of solar panels is $2.66 per watt, but in Pompey it's 2.95 per watt. Using this figure, a typical 4.6-kW system would cost about $9,561 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Pompey depending on a few factors, such as the type of solar panels you choose and the solar installer you hire. Despite the high upfront cost, the average Pompey homeowner can save about $13,000 on their energy bills over 20 years, which is one of the perks of solar.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Pompey
| Year | Return on Investment |
|---|---|
| 1 years | $-8,924 |
| 3 years | $-7,650 |
| 5 years | $-6,376 |
| 7 years | $-5,102 |
| 9 years | $-3,828 |
| 11 years | $-2,554 |
| 13 years | $-1,280 |
| 15 years | $-6 |
| 17 years | $1,268 |
| 19 years | $2,542 |
| 21 years | $3,816 |
| 23 years | $5,091 |
| 25 years | $6,365 |
Top Solar Installers in Pompey
Although it's possible to install solar panels by yourself, it requires extra time and expertise. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. Some solar companies, especially local ones, can help you make the most of incentives in Pompey, thereby optimizing your ROI.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Pompey:
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 Pompey
Factors that Affect Solar Panel Costs in Pompey
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Pompey: 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 system you need, 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. There are several different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you're looking 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 a solar system out of pocket can be a challenge. Solar loans are available from most installers in Pompey, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in Pompey, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger 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 | $7,743 | 15.6 years |
| 8 kW | $3.01 | $16,850 | $10,655 | 15.3 years |
| 10 kW | $2.95 | $20,650 | $13,732 | 15.0 years |
| 12 kW | $2.89 | $24,284 | $16,974 | 14.7 years |
| 14 kW | $2.83 | $27,754 | $20,381 | 14.4 years |
| 16 kW | $2.77 | $31,058 | $23,953 | 14.1 years |
| 18 kW | $2.71 | $34,196 | $27,691 | 13.8 years |
| 20 kW | $2.66 | $37,170 | $31,593 | 13.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer good-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 Pompey, NY Solar Cost FAQs
How much does it cost to install solar panels in Pompey?
The average cost of solar panels in Pompey is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual 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.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to bear 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 Pompey?
Each state has some kind 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.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.