Solar Panel Cost Guide in Portville, NY (2023 Update)
- Portville Solar Installation Cost: $9,623
- 25-Year Savings: $7,047
- Payback Period: 14.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Portville
See how much it might cost to make the switch to solar in Portville.
Although the national average of solar panels is $2.66 per watt, solar panels in Portville typically cost around 2.95. The average Portville homeowner needs a 4.7-kilowatt system, which would cost about $9,623 with the federal tax credit, or $13,761 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Portville homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. With typical savings of about $14,000 on electricity bills over 20 years, many homeowners in Portville find installing solar panels has a decent ROI.
Click the button below to get connected to a top solar panel company in your area for a custom quote.
Solar savings over time in Portville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,956 |
| 3 years | $-7,623 |
| 5 years | $-6,289 |
| 7 years | $-4,955 |
| 9 years | $-3,622 |
| 11 years | $-2,288 |
| 13 years | $-955 |
| 15 years | $379 |
| 17 years | $1,712 |
| 19 years | $3,046 |
| 21 years | $4,379 |
| 23 years | $5,713 |
| 25 years | $7,047 |
Top Solar Installers in Portville
Many homeowners choose to hire a solar installer since installing solar panels yourself can be a lot of work. Companies can also offer access to a large variety of the best solar panels and help you pick which one will be best for you.
There are a number of licensed solar professionals that can take care of your solar installation project. 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 Portville
Factors that Affect Solar Panel Costs in Portville
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Portville: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you choose 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 solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Portville, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating in Portville, and each can charge varying amounts for labor and equipment. Additionally, some companies in Portville have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $8,556 | 15.0 years |
| 8 kW | $3.01 | $16,850 | $11,739 | 14.7 years |
| 10 kW | $2.95 | $20,650 | $15,087 | 14.4 years |
| 12 kW | $2.89 | $24,284 | $18,600 | 14.2 years |
| 14 kW | $2.83 | $27,754 | $22,278 | 13.9 years |
| 16 kW | $2.77 | $31,058 | $26,121 | 13.6 years |
| 18 kW | $2.71 | $34,196 | $30,130 | 13.3 years |
| 20 kW | $2.66 | $37,170 | $34,303 | 13.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: The kind of solar panel you want plays a part in which company you should opt for, since different companies have different panels.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
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 Portville, NY Solar Cost FAQs
How much does it cost to install solar panels in Portville?
The average cost of solar panels in Portville 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 stuff like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Portville?
A solar panel system isn't free in Portville, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Portville have a net metering program?
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.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.