Solar Panel Cost Guide in Sloan, NY (Jan 2023)
- Sloan Solar Installation Cost: $9,458
- 25-Year Savings: $6,749
- Payback Period: 14.6 Years
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Top Solar Installers in Sloan
Many homeowners opt for a solar panel installer since installing solar panels on your own can be a lot of work. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you're searching for a solar installer in Sloan, we've compiled a list of our top suggestions here:
See all of the solar companies in Sloan
Factors that Affect Solar Panel Costs in Sloan
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Sloan: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,950. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Sloan average.
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 Sloan homeowners opt to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your total costs, so it's crucial to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in Sloan, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually 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 extra services like electric car 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||$3.07||$12,886||$8,357||15.2 years|
|8 kW||$3.01||$16,850||$11,473||14.9 years|
|10 kW||$2.95||$20,650||$14,754||14.6 years|
|12 kW||$2.89||$24,284||$18,201||14.3 years|
|14 kW||$2.83||$27,754||$21,813||14.0 years|
|16 kW||$2.77||$31,058||$25,589||13.7 years|
|18 kW||$2.71||$34,196||$29,531||13.4 years|
|20 kW||$2.66||$37,170||$33,639||13.1 years|
How to Save on Solar Panels
There are a lot of companies available in Sloan, 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:
- Contract: Before signing a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which company you should go with, since different companies offer different panels.
- Warranty: If you care about the longevity of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
EcoWatch's Sloan, NY Solar Cost FAQs
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.