Solar Panel Cost Guide in Romulus, NY (Mar 2023)
- Romulus Solar Installation Cost: $9,582
- 25-Year Savings: $5,218
- Payback Period: 16.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Romulus
Let's have a look at the average cost of solar in Romulus.
The national average cost of solar panels is $2.66 per watt, but in Romulus it's 2.95 per watt. The average solar panel system size in Romulus is around 4.6 kilowatts, meaning a cost of about $9,582 for a solar installation, or $13,702 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of solar panels you want, your solar contractor and more. But, once you've paid the initial cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $12,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar installer in Romulus that can help you get a more accurate cost estimate for your home.
Solar savings over time in Romulus
| Year | Return on Investment |
|---|---|
| 1 years | $-8,990 |
| 3 years | $-7,806 |
| 5 years | $-6,622 |
| 7 years | $-5,438 |
| 9 years | $-4,254 |
| 11 years | $-3,070 |
| 13 years | $-1,886 |
| 15 years | $-702 |
| 17 years | $482 |
| 19 years | $1,666 |
| 21 years | $2,850 |
| 23 years | $4,034 |
| 25 years | $5,218 |
Top Solar Installers in Romulus
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Going with an installer can make swapping over to solar power much easier. The expertise that solar installers provide can be invaluable as well, particularly if you aren't sure what brand of solar equipment you need.
If you'd like to switch to solar energy but still aren't certain which solar installer to go with, here are our suggestions for providers in Romulus:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Romulus
Factors that Affect Solar Panel Costs in Romulus
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Romulus: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. The model of solar panels and equipment you want is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Most solar installers in Romulus offer solar loans, which reduce the initial cost of installing solar. Though solar loans make switching to solar energy more accessible for Romulus homeowners, they can also add to 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 final key cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Romulus, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $6,261 | 16.8 years |
| 8 kW | $3.01 | $16,850 | $8,678 | 16.5 years |
| 10 kW | $2.95 | $20,650 | $11,261 | 16.2 years |
| 12 kW | $2.89 | $24,284 | $14,009 | 15.9 years |
| 14 kW | $2.83 | $27,754 | $16,922 | 15.5 years |
| 16 kW | $2.77 | $31,058 | $20,000 | 15.2 years |
| 18 kW | $2.71 | $34,196 | $23,243 | 14.9 years |
| 20 kW | $2.66 | $37,170 | $26,652 | 14.6 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. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Warranty: If you're worried about the durability of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Different companies have various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Romulus, NY Solar Cost FAQs
How much does it cost to install solar panels in Romulus?
The average cost of solar panels in Romulus is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Romulus?
You can't get solar panels for free in Romulus. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Romulus is currently $122,043, so you could be looking at a value of about $5,004 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Romulus is a worthwhile investment.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.