Solar Panel Cost Guide in Victor, NY (2024 Update)
- Victor Solar Installation Cost: $11,777
- 25-Year Savings: $7,408
- Payback Period: 17.4 Years
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Average Cost of Solar Panels in Victor
Find out what the average cost of a solar system is in Victor.
In Victor, solar panels cost about 4 per watt on average.To cover the typical energy needs of the average home in Victor, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs about $11,777, or $16,841 before the federal solar tax credit of 0 is applied.
How much you pay can be above or below the average in Victor based on a variety of factors, such as the model of solar panels you choose and the solar installer you hire.For most homeowners, the upfront cost of solar is worth paying. On average Victor homeowners see about $14,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a top solar installer in Victor for a quote for your home.
Solar savings over time in Victor
| Year | Return on Investment |
|---|---|
| 1 years | $-10,870 |
| 3 years | $-9,056 |
| 5 years | $-7,242 |
| 7 years | $-5,428 |
| 9 years | $-3,614 |
| 11 years | $-1,800 |
| 13 years | $14 |
| 15 years | $1,828 |
| 17 years | $3,642 |
| 19 years | $5,456 |
| 21 years | $7,270 |
| 23 years | $9,084 |
| 25 years | $10,898 |
Top Solar Installers in Victor
Installing solar panels on your own can be a difficult task, which is why hiring a solar installer is a good option for many homeowners. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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
Best Social Impact
Palmetto Solar
- 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 Victor
Factors that Affect Solar Panel Costs in Victor
For many Victor homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Victor, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Victor, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Victor to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Victor is the company you hire to install your solar system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that provide a range of services at different costs.You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $6,090 | 18.1 years |
| 8 kW | $3.72 | $20,849 | $8,529 | 17.7 years |
| 10 kW | $3.65 | $25,550 | $11,172 | 17.4 years |
| 12 kW | $3.58 | $30,047 | $14,019 | 17.0 years |
| 14 kW | $3.50 | $34,339 | $17,071 | 16.7 years |
| 16 kW | $3.43 | $38,427 | $20,327 | 16.4 years |
| 18 kW | $3.36 | $42,311 | $23,788 | 16.0 years |
| 20 kW | $3.29 | $45,990 | $27,453 | 15.7 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your overall 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:
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: The brand of solar panel you’d like to install plays a role in which installer you should opt for, since different companies have different panels.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Victor, NY Solar Cost FAQs
What is the average cost of installing solar panels in Victor?
The average cost of solar panels in Victor 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 model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Victor?
Solar panels aren’t free in Victor, 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.
Can you sell solar power back to the grid in Victor?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.