Solar Panel Cost Guide in Verona, NY (2024 Update)
- Verona Solar Installation Cost: $11,803
- 25-Year Savings: $6,511
- Payback Period: 18.4 Years
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Average Cost of Solar Panels in Verona
Find out what the average cost of solar panels are in Verona.
Although the national average of solar panels is $2.66 per watt, solar panels in Verona typically cost around 4.The average Verona homeowner needs a 4.6-kilowatt system, which would cost about $11,803 with the federal tax credit, or $16,878 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of solar system you choose, your solar contractor and more.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Verona can save about $13,000 on their electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Verona
| Year | Return on Investment |
|---|---|
| 1 years | $-10,913 |
| 3 years | $-9,133 |
| 5 years | $-7,352 |
| 7 years | $-5,572 |
| 9 years | $-3,792 |
| 11 years | $-2,011 |
| 13 years | $-231 |
| 15 years | $1,550 |
| 17 years | $3,330 |
| 19 years | $5,110 |
| 21 years | $6,891 |
| 23 years | $8,671 |
| 25 years | $10,452 |
Top Solar Installers in Verona
When switching to solar energy, many homeowners decide to hire a solar installation company since handling can be a time-consuming project. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be right for your home.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Verona:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Verona
Factors that Affect Solar Panel Costs in Verona
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Verona: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,650. The model of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Verona to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.The company’s size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $4,903 | 19.1 years |
| 8 kW | $3.72 | $20,849 | $6,946 | 18.8 years |
| 10 kW | $3.65 | $25,550 | $9,193 | 18.4 years |
| 12 kW | $3.58 | $30,047 | $11,645 | 18.0 years |
| 14 kW | $3.50 | $34,339 | $14,302 | 17.6 years |
| 16 kW | $3.43 | $38,427 | $17,162 | 17.3 years |
| 18 kW | $3.36 | $42,311 | $20,227 | 16.9 years |
| 20 kW | $3.29 | $45,990 | $23,497 | 16.5 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Verona, NY Solar Cost FAQs
What is the average cost of installing solar panels in Verona?
The average cost of solar panels in Verona is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Verona?
A solar panel system isn’t free in Verona, 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 can help lower the cost.
How will having solar panels impact my property value?
Installing solar panels on 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 $192,405, so you can look forward to a value of about $7,889 more than houses without a solar system. The specific 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 average daily 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 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.