Solar Panel Cost Guide in SUNY Oswego, NY (2024 Update)
- SUNY Oswego Solar Installation Cost: $11,706
- 25-Year Savings: $7,286
- Payback Period: 17.5 Years
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Average Cost of Solar Panels in SUNY Oswego
We break down average solar pricing in SUNY Oswego.
Currently, the national average cost of solar panels is $2.66 per watt. However, in SUNY Oswego, the typical cost of a solar system is 4 per watt.The average SUNY Oswego homeowner needs a 4.6-kilowatt system, which would cost about $11,706 with the federal tax credit, or $16,740 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with.With typical savings of about $14,000 on utility bills over 20 years, many homeowners in SUNY Oswego find going solar can be quite rewarding.
You can click the button below to get connected with a top solar company in SUNY Oswego that can help you get a more accurate cost estimate for your home.
Solar savings over time in SUNY Oswego
| Year | Return on Investment |
|---|---|
| 1 years | $-10,797 |
| 3 years | $-8,980 |
| 5 years | $-7,163 |
| 7 years | $-5,346 |
| 9 years | $-3,529 |
| 11 years | $-1,712 |
| 13 years | $106 |
| 15 years | $1,923 |
| 17 years | $3,740 |
| 19 years | $5,557 |
| 21 years | $7,374 |
| 23 years | $9,191 |
| 25 years | $11,008 |
Top Solar Installers in SUNY Oswego
Trying to install solar panels on your own can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.
There are a number of licensed solar professionals that can help you install your solar panels. 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 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 SUNY Oswego
Factors that Affect Solar Panel Costs in SUNY Oswego
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in SUNY Oswego: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,650.There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want 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
Most solar installers in SUNY Oswego provide solar loans, which reduce the initial cost of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in SUNY Oswego know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $5,988 | 18.2 years |
| 8 kW | $3.72 | $20,849 | $8,393 | 17.8 years |
| 10 kW | $3.65 | $25,550 | $11,002 | 17.5 years |
| 12 kW | $3.58 | $30,047 | $13,815 | 17.1 years |
| 14 kW | $3.50 | $34,339 | $16,833 | 16.8 years |
| 16 kW | $3.43 | $38,427 | $20,056 | 16.4 years |
| 18 kW | $3.36 | $42,311 | $23,482 | 16.1 years |
| 20 kW | $3.29 | $45,990 | $27,113 | 15.7 years |
How to Save on Solar Panels
The company that does your solar system 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 a challenge, we have some tips to help you, such as:
- Installation Process: When making the switch to solar, it’s essential to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project completion timeline.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Contract: Although reading through a contract can take a lot of time, 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
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 SUNY Oswego, NY Solar Cost FAQs
How much does it cost to install solar panels in SUNY Oswego?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in SUNY Oswego?
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 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.
Is it worth going solar in SUNY Oswego?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.