Solar Panel Cost Guide in Springville, NY (Mar 2023)
- Springville Solar Installation Cost: $9,458
- 25-Year Savings: $6,046
- Payback Period: 15.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Springville
See how much it might cost to switch to solar power in Springville.
The national average cost of solar panels is $2.66 per watt, but in Springville it's 2.95 per watt. The average Springville homeowner needs a 4.6-kilowatt system, which would cost about $9,458 with the federal tax credit, or $13,525 before the 30% tax credit 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 use, the type of equipment you want, your solar contractor and more. Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Springville can save about $13,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Springville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,838 |
| 3 years | $-7,597 |
| 5 years | $-6,357 |
| 7 years | $-5,117 |
| 9 years | $-3,876 |
| 11 years | $-2,636 |
| 13 years | $-1,396 |
| 15 years | $-156 |
| 17 years | $1,085 |
| 19 years | $2,325 |
| 21 years | $3,565 |
| 23 years | $4,806 |
| 25 years | $6,046 |
Top Solar Installers in Springville
Although it's possible to install solar panels on your own, it takes extra energy and expertise. For that reason, almost all homeowners choose a solar panel installer. Another benefit of working with a solar company is that they can help you optimize your ROI by lowering your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Springville
Factors that Affect Solar Panel Costs in Springville
There are several criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Springville, one of the most crucial 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 gauge by looking at past electricity bills. Your overall cost can increase by about $2,950 for each additional kilowatt you need. There are many different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Springville offer solar loans, which reduce the initial cost of installing a solar system. Even though solar loans make going solar more accessible for Springville homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can play a part in determining your pricing. Springville's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for and also fits 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 | $7,435 | 15.9 years |
| 8 kW | $3.01 | $16,850 | $10,244 | 15.5 years |
| 10 kW | $2.95 | $20,650 | $13,218 | 15.2 years |
| 12 kW | $2.89 | $24,284 | $16,357 | 14.9 years |
| 14 kW | $2.83 | $27,754 | $19,661 | 14.6 years |
| 16 kW | $2.77 | $31,058 | $23,130 | 14.3 years |
| 18 kW | $2.71 | $34,196 | $26,765 | 14.0 years |
| 20 kW | $2.66 | $37,170 | $30,565 | 13.7 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Springville, NY Solar Cost FAQs
What is the average cost of installing solar panels in Springville?
This is a tough question to answer precisely, 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. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Springville?
Solar panels aren't free in Springville, but there are some options that can make getting them more viable, 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 your home value?
Solar panels can increase your home value significantly 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."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a 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.