Solar Panel Cost Guide in Spencerport, NY (2023 Update)
- Spencerport Solar Installation Cost: $8,611
- 25-Year Savings: $8,135
- Payback Period: 12.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Spencerport
Find out what the average cost of a solar system is in Spencerport.
The national average cost of solar panels is $2.66 per watt, but in Spencerport it's 2.95 per watt. To cover the typical energy needs of the average home in Spencerport, most homeowners require a 4.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $8,611, or $12,314 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy consumption, the type of equipment you choose, your solar contractor and more. Even with the large upfront cost, the average Spencerport homeowner can save about $15,000 on their power bills over 20 years, which is one of the positives of solar.
To get a free estimate from a pre-vetted solar company in Spencerport, you can click the button below.
Solar savings over time in Spencerport
| Year | Return on Investment |
|---|---|
| 1 years | $-7,941 |
| 3 years | $-6,601 |
| 5 years | $-5,262 |
| 7 years | $-3,922 |
| 9 years | $-2,582 |
| 11 years | $-1,243 |
| 13 years | $97 |
| 15 years | $1,437 |
| 17 years | $2,777 |
| 19 years | $4,116 |
| 21 years | $5,456 |
| 23 years | $6,796 |
| 25 years | $8,135 |
Top Solar Installers in Spencerport
Although you can install solar panels yourself, it requires extra labor and knowledge. For that reason, most homeowners choose a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be best for your family.
If you'd like to start using solar energy but still aren't certain which solar system installer to go with, here are our recommendations for providers 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 Spencerport
Factors that Affect Solar Panel Costs in Spencerport
The cost of installing a solar system in Spencerport can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The brand of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Spencerport to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. While solar loans make adopting solar energy more accessible for Spencerport homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can play a part in determining how much you pay. Spencerport's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that provides the products, warranties and services you're looking for and also is within your budget.
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 | $11,214 | 13.4 years |
| 8 kW | $3.01 | $16,850 | $15,282 | 13.1 years |
| 10 kW | $2.95 | $20,650 | $19,516 | 12.9 years |
| 12 kW | $2.89 | $24,284 | $23,914 | 12.6 years |
| 14 kW | $2.83 | $27,754 | $28,478 | 12.3 years |
| 16 kW | $2.77 | $31,058 | $33,207 | 12.1 years |
| 18 kW | $2.71 | $34,196 | $38,102 | 11.8 years |
| 20 kW | $2.66 | $37,170 | $43,161 | 11.6 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose significantly influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- 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 repairing your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Even though reading through a contract can be tedious, 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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Spencerport, NY Solar Cost FAQs
How much does it cost to install solar panels in Spencerport?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Spencerport?
Solar panels aren't free in Spencerport, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't go for 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 higher amount 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.