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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Ridgeway

Let's take a look at the average cost of solar in Ridgeway.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Ridgeway, the average cost of a solar system is $3 per watt. Because a 4.1-kW system is needed to cover the energy usage of a typical home in Ridgeway, the average price of going solar will be about $8,508 before claiming the federal solar tax credit of 30%.

These figures are only estimates, and the cost of going solar for you will most likely vary based on your energy needs and what company you want to go with. Many homeowners find going solar is a solid investment. The average homeowner in Ridgeway can save about $15,000 on their electricity bills over 20 years.

You can click the button below to get connected with a top solar installer in Ridgeway for a quote for your home.

Solar savings over time in Ridgeway

Year Return on Investment
1 years $-7,860
3 years $-6,563
5 years $-5,266
7 years $-3,970
9 years $-2,673
11 years $-1,377
13 years $-80
15 years $1,216
17 years $2,513
19 years $3,810
21 years $5,106
23 years $6,403
25 years $7,699

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:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

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 Equipment

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.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Ridgeway, NY Solar Cost FAQs

What is the average cost of installing solar panels in Ridgeway?

The average cost of solar panels in Ridgeway 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 like the type of solar panels you want, what size system you need and how much energy you use.

Is cost the most important consideration when buying solar panels?

Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Can solar panels completely eradicate my energy bills?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Ridgeway, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in Ridgeway?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.

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.

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