Solar Panel Cost Guide in Sherburne, NY (2023 Update)
- Sherburne Solar Installation Cost: $9,595
- 25-Year Savings: $5,205
- Payback Period: 16.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sherburne
Find out what the average cost of solar panels are in Sherburne.
In Sherburne, solar panels cost about 2.95 per watt on average. The average solar panel system size in Sherburne is around 4.7 kilowatts, meaning a cost of about $9,602 for a solar installation, or $13,731 before the 30% federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you may vary based on factors unique to your home and what company you choose to go with. For many homeowners, the upfront investment in solar panels is worth paying. On average Sherburne homeowners see about $12,000 in savings on electricity bills over 20 years.
To receive a free quote from a pre-vetted solar installer in Sherburne, you can click the button below.
Solar savings over time in Sherburne
| Year | Return on Investment |
|---|---|
| 1 years | $-9,546 |
| 3 years | $-9,447 |
| 5 years | $-9,349 |
| 7 years | $-9,250 |
| 9 years | $-9,151 |
| 11 years | $-9,053 |
| 13 years | $-8,954 |
| 15 years | $-8,855 |
| 17 years | $-8,757 |
| 19 years | $-8,658 |
| 21 years | $-8,559 |
| 23 years | $-8,461 |
| 25 years | $-8,362 |
Top Solar Installers in Sherburne
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be a lot of work. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
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 Sherburne
Factors that Affect Solar Panel Costs in Sherburne
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Sherburne: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,950. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable option because they cut back your upfront costs and let you pay for your system over five to seven years on average. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Sherburne, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Sherburne are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $6,225 | 16.9 years |
| 8 kW | $3.01 | $16,850 | $8,630 | 16.5 years |
| 10 kW | $2.95 | $20,650 | $11,201 | 16.2 years |
| 12 kW | $2.89 | $24,284 | $13,937 | 15.9 years |
| 14 kW | $2.83 | $27,754 | $16,838 | 15.6 years |
| 16 kW | $2.77 | $31,058 | $19,904 | 15.2 years |
| 18 kW | $2.71 | $34,196 | $23,135 | 14.9 years |
| 20 kW | $2.66 | $37,170 | $26,532 | 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. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before deciding.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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 Sherburne, NY Solar Cost FAQs
How much does it cost to install solar panels in Sherburne?
The average cost of solar panels in Sherburne 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Sherburne?
You can't get solar panels for free in Sherburne. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.