Solar Panel Cost Guide in Royalton, NY (2024 Update)
- Royalton Solar Installation Cost: $10,627
- 25-Year Savings: $7,015
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Royalton
Here’s how much it might cost to switch to solar power in Royalton.
The national average cost of solar panels is $2.66 per watt, but in Royalton it’s 4 per watt.To cover the typical energy usage of the average home in Royalton, most homeowners require a 4.2-kilowatt system. Using the figure above, a solar installation costs about $10,627, or $15,197 before the federal solar tax credit of 0 is applied.
The true price you pay can be higher or lower than the average in Royalton depending on a variety of factors, such as the brand of solar panels you choose and the solar company you hire.Even with the large upfront cost, the average Royalton homeowner can save around $14,000 on their energy bills over 20 years, which is one of the positives of solar.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Royalton
| Year | Return on Investment |
|---|---|
| 1 years | $-9,781 |
| 3 years | $-8,088 |
| 5 years | $-6,395 |
| 7 years | $-4,701 |
| 9 years | $-3,008 |
| 11 years | $-1,315 |
| 13 years | $378 |
| 15 years | $2,071 |
| 17 years | $3,764 |
| 19 years | $5,458 |
| 21 years | $7,151 |
| 23 years | $8,844 |
| 25 years | $10,537 |
Top Solar Installers in Royalton
Many homeowners opt for a solar installer since figuring out how to install solar panels on your own can be hard. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Royalton
Factors that Affect Solar Panel Costs in Royalton
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Royalton: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that have better efficiency 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
Many homeowners find the average cost of solar in Royalton to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Royalton is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that provide a range of services for different budgets.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $6,565 | 17.7 years |
| 8 kW | $3.72 | $20,849 | $9,163 | 17.4 years |
| 10 kW | $3.65 | $25,550 | $11,964 | 17.0 years |
| 12 kW | $3.58 | $30,047 | $14,970 | 16.7 years |
| 14 kW | $3.50 | $34,339 | $18,181 | 16.3 years |
| 16 kW | $3.43 | $38,427 | $21,596 | 16.0 years |
| 18 kW | $3.36 | $42,311 | $25,215 | 15.7 years |
| 20 kW | $3.29 | $45,990 | $29,038 | 15.3 years |
How to Save on Solar Panels
There are numerous companies to choose from in Royalton, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. 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 needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can make 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 Royalton, NY Solar Cost FAQs
What is the average cost of installing solar panels in Royalton?
The average cost of solar panels in Royalton is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors 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 a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Royalton?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 usually 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.