Solar Panel Cost Guide in Ridgeway, NY (Jan 2023)
- Ridgeway Solar Installation Cost: $8,508
- 25-Year Savings: $7,699
- Payback Period: 13.1 Years
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Top Solar Installers in Ridgeway
Trying to install solar panels by yourself can be a stressful task, which is why using a solar installation company is a good option for many homeowners. Also, companies with a high reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our recommendations for providers near you:
See all of the solar companies in Ridgeway
Factors that Affect Solar Panel Costs in Ridgeway
There are many factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this 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 Ridgeway, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. Although solar loans make switching to solar energy more accessible for Ridgeway homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. 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 last major cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Ridgeway, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Ridgeway know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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||$10,690||13.7 years|
|8 kW||$3.01||$16,850||$14,584||13.4 years|
|10 kW||$2.95||$20,650||$18,643||13.1 years|
|12 kW||$2.89||$24,284||$22,867||12.9 years|
|14 kW||$2.83||$27,754||$27,257||12.6 years|
|16 kW||$2.77||$31,058||$31,811||12.4 years|
|18 kW||$2.71||$34,196||$36,531||12.1 years|
|20 kW||$2.66||$37,170||$41,416||11.8 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 brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Warranty: If you're worried about the longevity of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
EcoWatch's Ridgeway, 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.