Solar Panel Cost Guide in Verona, NY (2023 Update)
- Verona Solar Installation Cost: $9,540
- 25-Year Savings: $6,510
- Payback Period: 14.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Verona
We go over average solar pricing in Verona.
In Verona, solar panels cost about 2.95 per watt on average. Since a 4.6-kW system is needed to cover the energy needs of a typical home in Verona, the average price of going solar will be about $9,540 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary depending on multiple factors, such as what size system you need, your energy consumption and what company you go with. Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Verona can save about $13,000 on their power bills over 20 years.
To get a free estimate from a highly rated solar company in Verona, you can click the button below.
Solar savings over time in Verona
| Year | Return on Investment |
|---|---|
| 1 years | $-8,898 |
| 3 years | $-7,614 |
| 5 years | $-6,330 |
| 7 years | $-5,046 |
| 9 years | $-3,762 |
| 11 years | $-2,478 |
| 13 years | $-1,194 |
| 15 years | $90 |
| 17 years | $1,374 |
| 19 years | $2,658 |
| 21 years | $3,942 |
| 23 years | $5,226 |
| 25 years | $6,510 |
Top Solar Installers in Verona
Trying to install solar panels yourself can be a dangerous task, which is why getting a solar installation company is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be best for your home.
If you're looking for a solar company in Verona, we've organized a list of our top suggestions here:
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 Verona
Factors that Affect Solar Panel Costs in Verona
The cost of installing a solar system in Verona can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $2,950 per kilowatt in Verona. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Verona offer solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Verona, and each can charge different amounts for labor and equipment. Companies that only sell high-efficiency and high-priced 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 decide on the company that offers the products, warranties and services you're looking for 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 | $3.07 | $12,886 | $7,960 | 15.5 years |
| 8 kW | $3.01 | $16,850 | $10,944 | 15.2 years |
| 10 kW | $2.95 | $20,650 | $14,093 | 14.9 years |
| 12 kW | $2.89 | $24,284 | $17,408 | 14.6 years |
| 14 kW | $2.83 | $27,754 | $20,887 | 14.3 years |
| 16 kW | $2.77 | $31,058 | $24,532 | 14.0 years |
| 18 kW | $2.71 | $34,196 | $28,342 | 13.7 years |
| 20 kW | $2.66 | $37,170 | $32,317 | 13.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar companies 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 opt for.
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 Verona, NY Solar Cost FAQs
How much does it cost to install solar panels in Verona?
This is a difficult question to answer exactly, because the cost depends on many 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Verona?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
How will solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Verona is currently $117,290, so you can expect a value of about $4,809 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Verona is a fruitful investment.
How many solar panels should I get 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 install between 20 and 35 panels to account for 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.