Solar Panel Cost Guide in Spencerport, NY (2023 Update)

  • Spencerport Solar Installation Cost: $10,653
  • 25-Year Savings: $8,137
  • Payback Period: 15.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Spencerport

Find out what the average cost of solar panels are in Spencerport.

The average cost of solar panels in Spencerport is 4 per watt.The average solar panel system size in Spencerport is around 4.2 kilowatts, meaning a cost of about $10,653 for a solar installation, or $15,234 before the 0 federal solar tax credit is applied.

These figures are only estimates, and your own solar costs will look different based on the amount of energy your home requires and what company you want to go with.For most homeowners, the upfront cost of solar is worth paying. On average Spencerport homeowners see about $15,000 in savings on energy bills over 20 years.

You can click the button below to get connected with a pre-vetted solar company in Spencerport for a quote for your home.

Solar savings over time in Spencerport

Year Return on Investment
1 years $-9,744
3 years $-7,927
5 years $-6,110
7 years $-4,293
9 years $-2,476
11 years $-658
13 years $1,159
15 years $2,976
17 years $4,793
19 years $6,610
21 years $8,427
23 years $10,244
25 years $12,062

Top Solar Installers in Spencerport

Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Hiring a solar panel installer can make your swap to solar power much easier. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.

There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Spencerport

Factors that Affect Solar Panel Costs in Spencerport

Though the average cost of a solar system in Spencerport is $10,653, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.

Solar Equipment

When it comes to estimating the cost of a solar energy system in Spencerport, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,650 for each additional kilowatt you need.The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at 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

Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Spencerport homeowners opt to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also increases your total costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.

Solar Panel Installation Company

The solar panel installation company you select will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Companies that 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 come with an above-average cost. It’s best to do some research and choose a company that offers the products, warranties and services you want and also fit into 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 $3.80 $15,943 $8,156 16.5 years
8 kW $3.72 $20,849 $11,284 16.2 years
10 kW $3.65 $25,550 $14,616 15.9 years
12 kW $3.58 $30,047 $18,152 15.6 years
14 kW $3.50 $34,339 $21,893 15.3 years
16 kW $3.43 $38,427 $25,838 14.9 years
18 kW $3.36 $42,311 $29,987 14.6 years
20 kW $3.29 $45,990 $34,341 14.3 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Warranty: If you’re worried about the longevity of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
  • Reputation: Make sure your solar installer 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.
  • Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Spencerport, NY Solar Cost FAQs

How much does it cost to install solar panels in Spencerport?

The average cost of solar panels in Spencerport 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Spencerport?

Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home 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 savings from going solar.

How will installing solar panels impact my home value?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Spencerport is currently $269,447, which means you could be looking at a value of about $11,047 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Spencerport is a fruitful investment.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy consumption and the amount of 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 get 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.

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