Solar Panel Cost Guide in Volney, NY (Mar 2023)
- Volney Solar Installation Cost: $9,458
- 25-Year Savings: $7,109
- Payback Period: 14.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Volney
Let's take a look at the average cost of solar panels in Volney.
Although the national average of solar panels is $2.66 per watt, solar panels in Volney typically cost around 2.95. Since a 4.6-kW system is needed to cover the energy costs of a typical home in Volney, the average price of going solar will be about $9,458 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Volney homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Volney see about $14,000 in savings on 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 Volney
| Year | Return on Investment |
|---|---|
| 1 years | $-8,795 |
| 3 years | $-7,470 |
| 5 years | $-6,144 |
| 7 years | $-4,819 |
| 9 years | $-3,494 |
| 11 years | $-2,168 |
| 13 years | $-843 |
| 15 years | $482 |
| 17 years | $1,808 |
| 19 years | $3,133 |
| 21 years | $4,458 |
| 23 years | $5,784 |
| 25 years | $7,109 |
Top Solar Installers in Volney
Many homeowners opt for a solar panel installer since trying to install solar panels yourself can be challenging. A solar installer can also help save you money over time by offering warranties, repairs and system component replacements.
If you're on the hunt for a solar installer in Volney, we've put together 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
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 Volney
Factors that Affect Solar Panel Costs in Volney
While the average cost of a solar system in Volney is $9,458, your final cost may differ. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require 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 $2,950. The model of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, 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 searching for a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average. While solar loans make going solar more accessible for Volney homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Volney, and each can charge different amounts for labor and equipment. The company's size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk 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 down to compete with bigger names.
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 | $8,810 | 14.8 years |
| 8 kW | $3.01 | $16,850 | $12,077 | 14.6 years |
| 10 kW | $2.95 | $20,650 | $15,509 | 14.3 years |
| 12 kW | $2.89 | $24,284 | $19,107 | 14.0 years |
| 14 kW | $2.83 | $27,754 | $22,869 | 13.7 years |
| 16 kW | $2.77 | $31,058 | $26,797 | 13.4 years |
| 18 kW | $2.71 | $34,196 | $30,890 | 13.1 years |
| 20 kW | $2.66 | $37,170 | $35,148 | 12.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: The brand of solar panel you'd like to install plays a role in which company you should go with, since different companies offer different panels.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
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 Volney, NY Solar Cost FAQs
What is the average cost of installing solar panels in Volney?
The average cost of solar panels in Volney is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Volney?
Leasing solar panels can be an option if you are unable 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 bang for your buck from going solar.
Is it worth going solar in Volney?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having 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.