Solar Panel Cost Guide in Sherburne, NY (2024 Update)
- Sherburne Solar Installation Cost: $11,872
- 25-Year Savings: $5,205
- Payback Period: 20.1 Years
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Average Cost of Solar Panels in Sherburne
Find out what the average cost of solar panel installation is in Sherburne.
The national average cost of solar panels is $2.66 per watt, but in Sherburne it’s 4 per watt.To account for the typical energy usage of the average home in Sherburne, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs about $11,872, or $16,977 before the federal solar tax credit of 0 is applied.
These figures are only averages, and the cost of going solar for you will most likely differ based on your specific situation and what company you go with.But, once you've paid the initial cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $12,000 over 20 years on electricity bills.
To get a free quote from a top solar installer in Sherburne, you can click the button below.
Solar savings over time in Sherburne
| Year | Return on Investment |
|---|---|
| 1 years | $-11,046 |
| 3 years | $-9,394 |
| 5 years | $-7,742 |
| 7 years | $-6,091 |
| 9 years | $-4,439 |
| 11 years | $-2,787 |
| 13 years | $-1,135 |
| 15 years | $517 |
| 17 years | $2,169 |
| 19 years | $3,820 |
| 21 years | $5,472 |
| 23 years | $7,124 |
| 25 years | $8,776 |
Top Solar Installers in Sherburne
Putting up solar panels by yourself can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. Also, companies with a good reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a licensed solar company can make going solar easier. 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 Sherburne
Factors that Affect Solar Panel Costs in Sherburne
For many Sherburne homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Sherburne, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $3,650 per kilowatt in Sherburne.There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also cost more. 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 far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Sherburne, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Sherburne is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services for different budgets.The size of the company sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $3,167 | 20.9 years |
| 8 kW | $3.72 | $20,849 | $4,632 | 20.5 years |
| 10 kW | $3.65 | $25,550 | $6,301 | 20.1 years |
| 12 kW | $3.58 | $30,047 | $8,174 | 19.7 years |
| 14 kW | $3.50 | $34,339 | $10,252 | 19.3 years |
| 16 kW | $3.43 | $38,427 | $12,534 | 18.9 years |
| 18 kW | $3.36 | $42,311 | $15,021 | 18.4 years |
| 20 kW | $3.29 | $45,990 | $17,712 | 18.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Installation Process: When making the switch to solar energy, it’s necessary to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
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 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 $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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Sherburne?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Sherburne is currently $187,067, which means you could be looking at a value of about $7,670 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Sherburne is a rewarding investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.