Solar Panel Cost Guide in Romulus, NY (2024 Update)
- Romulus Solar Installation Cost: $11,850
- 25-Year Savings: $5,223
- Payback Period: 20.0 Years
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Average Cost of Solar Panels in Romulus
We go over average solar pricing in Romulus.
The national average cost of solar panels is $2.66 per watt, but in Romulus it’s 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,850 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar system you want to get, your solar contractor and more.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Romulus can save about $12,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company 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 | $-11,024 |
| 3 years | $-9,372 |
| 5 years | $-7,720 |
| 7 years | $-6,068 |
| 9 years | $-4,417 |
| 11 years | $-2,765 |
| 13 years | $-1,113 |
| 15 years | $539 |
| 17 years | $2,191 |
| 19 years | $3,843 |
| 21 years | $5,495 |
| 23 years | $7,146 |
| 25 years | $8,798 |
Top Solar Installers in Romulus
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make your switch to solar power much easier. Another perk of using a solar company is that they can help you make the most of your investment by bringing down your future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Romulus
Factors that Affect Solar Panel Costs in Romulus
For many Romulus homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Romulus, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Romulus, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by about $3,650 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Romulus homeowners opt to finance their solar panel systems to offset upfront costs.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $3.80 | $15,943 | $3,203 | 20.8 years |
| 8 kW | $3.72 | $20,849 | $4,680 | 20.4 years |
| 10 kW | $3.65 | $25,550 | $6,361 | 20.0 years |
| 12 kW | $3.58 | $30,047 | $8,246 | 19.6 years |
| 14 kW | $3.50 | $34,339 | $10,336 | 19.2 years |
| 16 kW | $3.43 | $38,427 | $12,630 | 18.8 years |
| 18 kW | $3.36 | $42,311 | $15,129 | 18.4 years |
| 20 kW | $3.29 | $45,990 | $17,832 | 18.0 years |
How to Save on Solar Panels
There are numerous companies to choose from in Romulus, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Installation Process: Make sure you’re aligned with the company 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.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Romulus, NY Solar Cost FAQs
What is the average cost of installing solar panels in Romulus?
The average cost of solar panels in Romulus is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind 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 without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $638.22 per year.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.