Solar Panel Cost Guide in Royalton, NY (2023 Update)
- Royalton Solar Installation Cost: $8,590
- 25-Year Savings: $7,014
- Payback Period: 13.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Royalton
Here's how much it might cost to make the switch to solar in Royalton.
The average cost of solar panels in Royalton is 2.95 per watt. To account for the typical energy needs of the average home in Royalton, most homeowners require a 4.2-kilowatt system. Using the figure above, a solar installation costs about $8,590, or $12,284 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Royalton homeowners. 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. Many homeowners find going solar is a solid investment. The average homeowner in Royalton can save around $14,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar installer in your area for a customized quote.
Solar savings over time in Royalton
| Year | Return on Investment |
|---|---|
| 1 years | $-7,966 |
| 3 years | $-6,718 |
| 5 years | $-5,470 |
| 7 years | $-4,221 |
| 9 years | $-2,973 |
| 11 years | $-1,725 |
| 13 years | $-476 |
| 15 years | $772 |
| 17 years | $2,020 |
| 19 years | $3,269 |
| 21 years | $4,517 |
| 23 years | $5,765 |
| 25 years | $7,014 |
Top Solar Installers in Royalton
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with a solar panel installer can make swapping over to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
If you're looking for a solar installer in Royalton, the EcoWatch team has organized a list of our top suggestions here:
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 Royalton
Factors that Affect Solar Panel Costs in Royalton
There are a number of factors that can influence your solar panel 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
When it comes to estimating the cost of a solar energy system in Royalton, 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 usage, which you can gauge by looking at past power bills. Your total cost can increase by about $2,950 for each additional kilowatt you need. There are many different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you're looking 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 energy bills over many years, but they can also be a big investment. That's why many Royalton homeowners opt to finance their solar panel systems to make paying for solar more affordable. Even though solar loans make adopting solar energy more accessible for Royalton homeowners, they can also increase 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 solar installer you opt for to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies in Royalton, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $9,623 | 14.3 years |
| 8 kW | $3.01 | $16,850 | $13,161 | 14.0 years |
| 10 kW | $2.95 | $20,650 | $16,864 | 13.8 years |
| 12 kW | $2.89 | $24,284 | $20,733 | 13.5 years |
| 14 kW | $2.83 | $27,754 | $24,766 | 13.2 years |
| 16 kW | $2.77 | $31,058 | $28,965 | 12.9 years |
| 18 kW | $2.71 | $34,196 | $33,329 | 12.7 years |
| 20 kW | $2.66 | $37,170 | $37,858 | 12.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies have various brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing 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
EcoWatch's Royalton, NY Solar Cost FAQs
What is the average cost of installing solar panels in Royalton?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Royalton?
A solar panel system isn't free in Royalton, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $750.28 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out 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 household 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.